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

Chime Financial, Inc. (NASDAQ:CHYM) has been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $31.9333.

A number of equities analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Chime Financial from $37.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. William Blair restated an “outperform” rating on shares of Chime Financial in a research report on Tuesday, September 30th. JPMorgan Chase & Co. decreased their price objective on Chime Financial from $40.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Keefe, Bruyette & Woods lowered their target price on Chime Financial from $42.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Finally, Canaccord Genuity Group restated a “buy” rating and set a $40.00 target price on shares of Chime Financial in a research report on Thursday, October 30th.

Chime Financial Trading Up 4.8%

Shares of CHYM stock opened at $21.13 on Monday. The business’s fifty day simple moving average is $19.65. Chime Financial has a 52 week low of $16.17 and a 52 week high of $44.94.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. The company had revenue of $543.52 million for the quarter. The firm’s revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.34) earnings per share. Chime Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Institutional Trading of Chime Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHYM. EverSource Wealth Advisors LLC bought a new stake in shares of Chime Financial during the second quarter worth approximately $33,000. Scopus Asset Management L.P. acquired a new position in shares of Chime Financial in the 2nd quarter valued at $34,000. Daiwa Securities Group Inc. bought a new position in shares of Chime Financial in the 2nd quarter worth $40,000. Osaic Holdings Inc. bought a new position in shares of Chime Financial in the 2nd quarter worth $45,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Chime Financial during the third quarter worth $50,000.

About Chime Financial

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.