Chime Financial, Inc. (NASDAQ:CHYM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Chime Financial, Inc. (NASDAQ:CHYM) has earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, thirteen have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $31.65.

A number of research firms have weighed in on CHYM. Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 target price on shares of Chime Financial in a research note on Monday, May 11th. Texas Capital raised shares of Chime Financial to a “strong-buy” rating in a research note on Tuesday, April 14th. UBS Group raised their target price on shares of Chime Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of Chime Financial in a research note on Wednesday, June 3rd. Finally, Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a research note on Sunday, April 12th.

Insiders Place Their Bets

In other Chime Financial news, General Counsel Adam B. Frankel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $17.50, for a total value of $52,500.00. Following the transaction, the general counsel directly owned 303,795 shares of the company’s stock, valued at $5,316,412.50. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CHYM. Lunate Capital Ltd acquired a new stake in shares of Chime Financial during the 3rd quarter worth approximately $36,503,000. Davis Selected Advisers acquired a new stake in shares of Chime Financial during the 3rd quarter worth approximately $48,391,000. Farther Finance Advisors LLC increased its holdings in shares of Chime Financial by 2,794.6% during the 4th quarter. Farther Finance Advisors LLC now owns 72,366 shares of the company’s stock worth $1,821,000 after buying an additional 69,866 shares during the last quarter. Transcend Capital Advisors LLC acquired a new stake in Chime Financial in the 4th quarter valued at approximately $1,286,000. Finally, Baxter Bros Inc. acquired a new stake in Chime Financial in the 4th quarter valued at approximately $2,799,000.

Chime Financial Stock Up 6.0%

CHYM stock opened at $17.60 on Friday. The firm has a market cap of $6.71 billion and a P/E ratio of -2.37. Chime Financial has a 52-week low of $15.88 and a 52-week high of $38.67. The company’s 50-day simple moving average is $19.39 and its 200-day simple moving average is $21.82.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. The firm had revenue of $647.39 million for the quarter. Chime Financial had a negative net margin of 41.87% and a negative return on equity of 67.86%. The firm’s revenue was up 24.8% on a year-over-year basis. On average, analysts anticipate that Chime Financial will post 0.3 earnings per share for the current fiscal year.

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.