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

Shares of Chime Financial, Inc. (NASDAQ:CHYM) have received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $32.2353.

A number of equities research analysts have commented on the company. The Goldman Sachs Group lifted their target price on Chime Financial from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Wall Street Zen lowered Chime Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Rothschild & Co Redburn upgraded Chime Financial to a “hold” rating in a research note on Monday, January 26th. Piper Sandler decreased their price objective on shares of Chime Financial from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, UBS Group reduced their target price on Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, November 6th.

Chime Financial Trading Up 1.8%

Shares of CHYM opened at $19.69 on Friday. The firm has a market cap of $7.38 billion and a P/E ratio of -2.65. Chime Financial has a 12 month low of $16.17 and a 12 month high of $44.94. The stock’s 50 day moving average is $25.27 and its two-hundred day moving average is $23.88.

Insider Transactions at Chime Financial

In other Chime Financial news, General Counsel Adam B. Frankel sold 4,382 shares of Chime Financial stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $27.29, for a total transaction of $119,584.78. Following the completion of the transaction, the general counsel owned 209,500 shares in the company, valued at approximately $5,717,255. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher R. Britt sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $28.06, for a total transaction of $1,403,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 256,539 shares of company stock valued at $6,973,943 in the last three months.

Institutional Trading of Chime Financial

Several hedge funds have recently made changes to their positions in the stock. Patient Capital Management LLC bought a new position in Chime Financial in the 4th quarter valued at about $51,224,000. Marshall Wace LLP increased its stake in Chime Financial by 8.0% in the 4th quarter. Marshall Wace LLP now owns 1,926,658 shares of the company’s stock valued at $48,494,000 after buying an additional 143,308 shares during the period. AlpInvest Partners B.V. purchased a new stake in Chime Financial in the 4th quarter worth approximately $8,665,000. Bridgefront Capital LLC purchased a new stake in shares of Chime Financial during the fourth quarter worth $670,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Chime Financial by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 294,199 shares of the company’s stock valued at $7,405,000 after buying an additional 1,981 shares in the last quarter.

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.