Chime Financial (NASDAQ:CHYM) Now Covered by Rothschild & Co Redburn

Rothschild & Co Redburn initiated coverage on shares of Chime Financial (NASDAQ:CHYM) in a research report released on Monday morning, MarketBeat reports. The firm issued a neutral rating and a $29.00 target price on the stock.

A number of other research firms also recently commented on CHYM. Piper Sandler decreased their target price on Chime Financial from $35.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group initiated coverage on Chime Financial in a report on Monday, November 3rd. They set a “hold” rating and a $17.00 price objective on the stock. B. Riley assumed coverage on Chime Financial in a research report on Thursday, December 11th. They set a “buy” rating and a $35.00 target price for the company. Arete Research assumed coverage on shares of Chime Financial in a research report on Tuesday, September 30th. They issued a “buy” rating and a $34.00 price target on the stock. Finally, The Goldman Sachs Group upped their price target on shares of Chime Financial from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.24.

Chime Financial Stock Performance

Shares of NASDAQ:CHYM opened at $26.89 on Monday. The firm has a market cap of $10.07 billion and a price-to-earnings ratio of -3.61. The firm has a fifty day moving average price of $24.68 and a 200 day moving average price of $24.74. Chime Financial has a fifty-two week low of $16.17 and a fifty-two week high of $44.94.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.10. The company had revenue of $543.52 million during the quarter. During the same quarter in the prior year, the firm posted ($0.34) EPS. The firm’s quarterly revenue was up 28.8% on a year-over-year basis.

Insider Activity

In other news, CEO Christopher R. Britt sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $28.06, for a total value of $1,403,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Adam B. Frankel sold 6,760 shares of Chime Financial stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $23.84, for a total transaction of $161,158.40. Following the transaction, the general counsel directly owned 244,416 shares of the company’s stock, valued at approximately $5,826,877.44. This represents a 2.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 256,539 shares of company stock valued at $6,973,943 over the last ninety days.

Institutional Trading of Chime Financial

Several institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC purchased a new position in shares of Chime Financial during the second quarter valued at approximately $350,000. Hennessy Advisors Inc. bought a new stake in shares of Chime Financial during the 2nd quarter worth approximately $207,000. MADDEN SECURITIES Corp purchased a new position in Chime Financial during the 2nd quarter valued at $582,000. Board of Trustees of The Leland Stanford Junior University purchased a new position in Chime Financial during the 2nd quarter valued at $1,453,000. Finally, Jennison Associates LLC bought a new position in Chime Financial in the 2nd quarter valued at $3,766,000.

Chime Financial Company Profile

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.