Chime Financial (NASDAQ:CHYM) Raised to Hold at Rothschild Redb

Chime Financial (NASDAQ:CHYM) was upgraded by investment analysts at Rothschild Redb to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also recently weighed in on CHYM. Piper Sandler dropped their price objective on Chime Financial from $35.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. The Goldman Sachs Group boosted their price target on shares of Chime Financial from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Jefferies Financial Group started coverage on shares of Chime Financial in a research note on Monday, November 3rd. They issued a “hold” rating and a $17.00 price objective on the stock. UBS Group dropped their target price on shares of Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Rothschild & Co Redburn began coverage on Chime Financial in a research note on Monday. They set a “neutral” rating and a $29.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.24.

Chime Financial Price Performance

CHYM stock opened at $26.62 on Monday. The business has a fifty day moving average price of $24.83 and a 200 day moving average price of $24.71. Chime Financial has a fifty-two week low of $16.17 and a fifty-two week high of $44.94. The stock has a market capitalization of $9.97 billion and a price-to-earnings ratio of -3.58.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The business had revenue of $543.52 million during the quarter. The firm’s revenue was up 28.8% compared to the same quarter last year. During the same period last year, the company earned ($0.34) earnings per share.

Insider Activity at Chime Financial

In other Chime Financial news, Director James Feuille sold 7,229 shares of Chime Financial stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $24.82, for a total value of $179,423.78. Following the transaction, the director owned 7,037,707 shares of the company’s stock, valued at approximately $174,675,887.74. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher R. Britt sold 50,000 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $28.06, for a total transaction of $1,403,000.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 256,539 shares of company stock valued at $6,973,943.

Institutional Trading of Chime Financial

A number of institutional investors have recently modified their holdings of CHYM. Galileo PTC Ltd bought a new position in shares of Chime Financial during the second quarter worth about $1,803,793,000. ICONIQ Capital LLC acquired a new stake in shares of Chime Financial in the second quarter valued at approximately $518,844,000. Dragoneer Investment Group LLC bought a new stake in shares of Chime Financial in the second quarter worth $295,022,000. Capital Research Global Investors boosted its holdings in Chime Financial by 90.0% during the third quarter. Capital Research Global Investors now owns 6,878,057 shares of the company’s stock worth $138,730,000 after purchasing an additional 3,258,179 shares during the last quarter. Finally, Orland Properties Ltd bought a new position in Chime Financial in the second quarter valued at $159,093,000.

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.