Chime Financial, Inc. (NASDAQ:CHYM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Chime Financial, Inc. (NASDAQ:CHYM) have earned an average rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $32.2778.

Several research firms recently weighed in on CHYM. B. Riley Financial started coverage on shares of Chime Financial in a report on Thursday, December 11th. They set a “buy” rating and a $35.00 price target on the stock. KeyCorp began coverage on shares of Chime Financial in a research note on Wednesday, March 4th. They issued an “overweight” rating and a $30.00 price objective for the company. Keefe, Bruyette & Woods raised shares of Chime Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, February 26th. Rothschild & Co Redburn upgraded Chime Financial to a “hold” rating in a research note on Monday, January 26th. Finally, Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday.

Insiders Place Their Bets

In other news, CFO Matthew S. Newcomb sold 10,000 shares of Chime Financial stock in a transaction on Friday, January 9th. The stock was sold at an average price of $28.01, for a total transaction of $280,100.00. Following the sale, the chief financial officer directly owned 2,240,798 shares in the company, valued at $62,764,751.98. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Adam B. Frankel sold 4,382 shares of Chime Financial stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $27.29, for a total value of $119,584.78. Following the sale, the general counsel owned 209,500 shares in the company, valued at $5,717,255. The trade was a 2.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 248,779 shares of company stock worth $6,787,285 in the last ninety days.

Institutional Trading of Chime Financial

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new stake in Chime Financial in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Chime Financial during the 2nd quarter worth approximately $33,000. Scopus Asset Management L.P. purchased a new stake in shares of Chime Financial during the 2nd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Chime Financial by 686.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after purchasing an additional 1,276 shares during the period. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $40,000.

Chime Financial Trading Down 1.4%

Shares of NASDAQ:CHYM opened at $22.31 on Wednesday. The stock has a market cap of $8.36 billion and a PE ratio of -2.95. The stock’s fifty day simple moving average is $23.80 and its two-hundred day simple moving average is $22.68. Chime Financial has a 1-year low of $16.17 and a 1-year high of $44.94.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.08. The firm had revenue of $596.36 million during the quarter. Chime Financial had a negative net margin of 46.18% and a negative return on equity of 70.90%. The business’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.30) EPS.

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.