Chime Financial (NASDAQ:CHYM) Upgraded at Texas Capital

Texas Capital upgraded shares of Chime Financial (NASDAQ:CHYM) to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

CHYM has been the topic of a number of other reports. Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a research report on Sunday, April 12th. UBS Group increased their price objective on shares of Chime Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. The Goldman Sachs Group upped their price objective on Chime Financial from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods upgraded shares of Chime Financial from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, February 26th. Finally, Rothschild & Co Redburn upgraded shares of Chime Financial to a “hold” rating in a research note on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.58.

Chime Financial Stock Performance

Shares of NASDAQ:CHYM opened at $23.41 on Tuesday. Chime Financial has a 12 month low of $16.17 and a 12 month high of $44.94. The company has a 50-day moving average price of $20.56 and a 200 day moving average price of $21.85. The company has a market cap of $8.99 billion and a price-to-earnings ratio of -3.10.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.08. Chime Financial had a negative net margin of 46.18% and a negative return on equity of 70.90%. The firm had revenue of $596.36 million during the quarter. During the same period in the previous year, the business posted ($0.30) EPS. The firm’s revenue was up 25.5% on a year-over-year basis.

Hedge Funds Weigh In On Chime Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Federated Hermes Inc. boosted its stake in shares of Chime Financial by 11.1% during the third quarter. Federated Hermes Inc. now owns 863,700 shares of the company’s stock valued at $17,421,000 after purchasing an additional 86,593 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Chime Financial by 1,203.2% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 81,450 shares of the company’s stock valued at $1,643,000 after acquiring an additional 75,200 shares during the last quarter. Lunate Capital Ltd purchased a new stake in Chime Financial during the third quarter valued at approximately $36,503,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Chime Financial during the third quarter valued at approximately $4,026,000. Finally, Renaissance Capital LLC purchased a new stake in Chime Financial during the third quarter valued at approximately $822,000.

About Chime Financial

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.