Chime Financial (NASDAQ:CHYM) Stock Rating Upgraded by Wall Street Zen

Chime Financial (NASDAQ:CHYM) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other research firms have also recently issued reports on CHYM. Rothschild & Co Redburn raised shares of Chime Financial to a “hold” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. decreased their price target on shares of Chime Financial from $40.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Williams Trading set a $17.00 price objective on Chime Financial in a research note on Monday, November 3rd. UBS Group decreased their target price on Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Piper Sandler lowered their target price on Chime Financial from $35.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.24.

Chime Financial Trading Up 1.8%

Shares of CHYM opened at $19.69 on Friday. The firm has a fifty day moving average price of $25.18 and a 200-day moving average price of $23.64. The firm has a market capitalization 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.

Insider Buying and Selling

In related news, General Counsel Adam B. Frankel sold 4,382 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $27.29, for a total transaction of $119,584.78. Following the sale, the general counsel owned 209,500 shares of the company’s stock, valued at $5,717,255. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher R. Britt sold 50,000 shares of Chime Financial stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $28.06, for a total value of $1,403,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 256,539 shares of company stock worth $6,973,943 over the last quarter.

Institutional Trading of Chime Financial

A number of institutional investors have recently modified their holdings of CHYM. EverSource Wealth Advisors LLC purchased a new position in shares of Chime Financial in the 2nd quarter worth approximately $33,000. Scopus Asset Management L.P. acquired a new stake in Chime Financial in the second quarter valued at approximately $34,000. PNC Financial Services Group Inc. purchased a new position in Chime Financial in the fourth quarter worth $25,000. Daiwa Securities Group Inc. acquired a new position in shares of Chime Financial during the second quarter worth $40,000. Finally, Osaic Holdings Inc. acquired a new position in shares of Chime Financial during the second quarter worth $45,000.

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.