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

Key Points

• Moderate Buy consensus: 22 brokerages give Chime an overall "Moderate Buy" (1 sell, 4 hold, 13 buy, 4 strong buy) with an average 12‑month price target of $31.50.
• Major institutional inflows: several large investors opened sizable positions—Aspect Management (~$300M), Ashton Thomas (~$129M), Orland Properties (~$159M), Scge Management (~$153M)—and Capital Research Global Investors boosted its stake by 90% to about 6.88M shares (~$139M).
• Operational snapshot: Chime beat EPS expectations last quarter (‑$0.12 vs. consensus ‑$0.20) with revenue of $596.4M (+25.5% YoY), but remains unprofitable (net margin ‑46.18%) and trades around $21.38 with a market cap near $8.2B.

Shares of Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-two brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, thirteen have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $31.50.

A number of brokerages have weighed in on CHYM. KeyCorp began coverage on shares of Chime Financial in a research report on Wednesday, March 4th. They issued an "overweight" rating and a $30.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of Chime Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, January 6th. Wells Fargo & Company began coverage on shares of Chime Financial in a research report on Monday, April 13th. They issued an "overweight" rating and a $25.00 price objective for the company. Rothschild & Co Redburn upgraded shares of Chime Financial to a "hold" rating in a research report on Monday, January 26th. Finally, Compass Point upgraded shares of Chime Financial from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $33.00 to $27.00 in a research report on Monday, April 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CHYM. Aspect Management LLC acquired a new position in shares of Chime Financial in the fourth quarter worth about $300,361,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Chime Financial during the 4th quarter worth about $129,091,000. Orland Properties Ltd acquired a new position in shares of Chime Financial during the 2nd quarter worth about $159,093,000. Scge Management L.P. acquired a new position in shares of Chime Financial during the 2nd quarter worth about $152,563,000. Finally, Capital Research Global Investors raised its position in shares of Chime Financial by 90.0% during the 3rd quarter. Capital Research Global Investors now owns 6,878,057 shares of the company's stock worth $138,730,000 after purchasing an additional 3,258,179 shares during the last quarter.

Chime Financial Price Performance

NASDAQ CHYM opened at $21.38 on Thursday. The company has a market capitalization of $8.21 billion and a PE ratio of -2.83. The company has a fifty day moving average of $20.95 and a 200 day moving average of $22.00. Chime Financial has a 1 year low of $16.17 and a 1 year high of $44.94.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.08. The company had revenue of $596.36 million during the quarter. Chime Financial had a negative net margin of 46.18% and a negative return on equity of 70.90%. The company's revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. Research analysts expect that Chime Financial will post 0.16 earnings per share for the current 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.

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