Chime Financial, Inc. (NASDAQ:CHYM) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $37.83.

CHYM has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on Chime Financial in a report on Monday, July 7th. They issued an "overweight" rating and a $40.00 price target on the stock. UBS Group initiated coverage on Chime Financial in a report on Monday, July 7th. They issued a "neutral" rating and a $35.00 price target on the stock. Morgan Stanley initiated coverage on Chime Financial in a report on Monday, July 7th. They issued an "overweight" rating and a $39.00 price target on the stock. Barclays initiated coverage on Chime Financial in a report on Monday, July 7th. They issued an "overweight" rating and a $40.00 price target on the stock. Finally, William Blair initiated coverage on Chime Financial in a report on Monday, July 7th. They issued an "outperform" rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CHYM. PFG Investments LLC bought a new position in Chime Financial in the second quarter valued at approximately $350,000. Hennessy Advisors Inc. bought a new position in shares of Chime Financial during the 2nd quarter worth approximately $207,000. MADDEN SECURITIES Corp bought a new position in shares of Chime Financial during the 2nd quarter worth approximately $582,000. Finally, Board of Trustees of The Leland Stanford Junior University bought a new position in shares of Chime Financial during the 2nd quarter worth approximately $1,453,000.

Chime Financial Stock Performance

Shares of CHYM stock traded down $1.89 during trading hours on Tuesday, hitting $32.52. 811,365 shares of the company's stock were exchanged, compared to its average volume of 3,325,422. Chime Financial has a 52 week low of $28.21 and a 52 week high of $44.94.

About Chime Financial

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company's model is designed to eliminate common fees and simplify access to basic financial services. Chime does not charge overdraft fees, monthly service fees, or require minimum balances.