Chime Financial (NASDAQ:CHYM) Upgraded at Rothschild Redb

Rothschild Redb upgraded shares of Chime Financial (NASDAQ:CHYM) to a hold rating in a research report released on Monday,Zacks.com reports.

CHYM has been the subject of a number of other reports. Jefferies Financial Group began coverage on Chime Financial in a research note on Monday, November 3rd. They issued a “hold” rating and a $17.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Chime Financial in a research report on Wednesday, October 8th. Piper Sandler dropped their target price on shares of Chime Financial from $35.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of Chime Financial from $40.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, William Blair reissued an “outperform” rating on shares of Chime Financial in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Chime Financial has an average rating of “Moderate Buy” and an average price target of $32.24.

Chime Financial Stock Performance

Shares of NASDAQ:CHYM opened at $26.22 on Monday. The company has a 50 day moving average price of $24.99 and a two-hundred day moving average price of $24.72. The company has a market capitalization of $9.82 billion and a PE ratio of -3.52. Chime Financial has a 52 week low of $16.17 and a 52 week high of $44.94.

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

Insider Buying and Selling at Chime Financial

In other Chime Financial news, Director James Feuille sold 176,168 shares of Chime Financial stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $27.12, for a total value of $4,777,676.16. Following the sale, the director directly owned 7,044,936 shares in the company, valued at approximately $191,058,664.32. The trade was a 2.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew S. Newcomb sold 10,000 shares of the business’s stock in a transaction dated 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. This trade represents a 0.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 256,539 shares of company stock worth $6,973,943 in the last three months.

Institutional Inflows and Outflows

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

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.