Chime Financial (NASDAQ:CHYM) Coverage Initiated at Rothschild & Co Redburn

Stock analysts at Rothschild & Co Redburn initiated coverage on shares of Chime Financial (NASDAQ:CHYM) in a research report issued on Monday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $29.00 price target on the stock. Rothschild & Co Redburn’s price objective would suggest a potential upside of 8.94% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. B. Riley initiated coverage on shares of Chime Financial in a research report on Thursday, December 11th. They issued a “buy” rating and a $35.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Chime Financial in a report on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on Chime Financial from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Piper Sandler dropped their target price on Chime Financial from $35.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Jefferies Financial Group assumed coverage on Chime Financial in a research note on Monday, November 3rd. They issued a “hold” rating and a $17.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.24.

Chime Financial Stock Down 1.0%

Shares of CHYM stock opened at $26.62 on Monday. Chime Financial has a 52-week low of $16.17 and a 52-week high of $44.94. The stock’s 50-day moving average price is $24.83 and its 200 day moving average price is $24.71. The stock has a market capitalization of $9.97 billion and a PE ratio of -3.58.

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

Insider Activity

In other Chime Financial news, CEO Christopher R. Britt sold 50,000 shares of Chime Financial stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Matthew S. Newcomb sold 10,000 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $28.01, for a total value of $280,100.00. Following the transaction, the chief financial officer owned 2,240,798 shares of the company’s stock, valued at approximately $62,764,751.98. This trade represents a 0.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 256,539 shares of company stock valued at $6,973,943 over the last ninety days.

Institutional Investors Weigh In On Chime Financial

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new stake in Chime Financial in the second quarter valued at about $33,000. Scopus Asset Management L.P. acquired a new position in Chime Financial in the second quarter valued at approximately $34,000. Daiwa Securities Group Inc. acquired a new stake in Chime Financial in the second quarter worth $40,000. Osaic Holdings Inc. acquired a new stake in shares of Chime Financial in the 2nd quarter worth about $45,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Chime Financial in the third quarter valued at approximately $50,000.

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.