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

Key Points

• Chime Financial, Inc. has received a consensus rating of "Moderate Buy" from analysts, with four holding, nine buying, and one assigning a strong buy rating.
• The average price target for the stock among analysts is set at $38.00, with recent trading opening at $22.99 and a 12-month high of $44.94.
• In its latest earnings report, Chime reported ($7.29) earnings per share, missing expectations, but achieved a revenue of $528.15 million, up 37.5% year-over-year.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $38.00.

CHYM has been the subject of several recent analyst reports. Barclays initiated coverage on Chime Financial in a report on Monday, July 7th. They issued an "overweight" rating and a $40.00 price target for the company. Canaccord Genuity Group restated a "buy" rating and issued a $40.00 price target on shares of Chime Financial in a report on Monday, August 11th. Piper Sandler began coverage on Chime Financial in a report on Monday, July 7th. They issued an "overweight" rating and a $40.00 price target for the company. Keefe, Bruyette & Woods began coverage on Chime Financial in a report on Tuesday, July 8th. They set an "outperform" rating and a $42.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on Chime Financial in a report on Monday, July 7th. They set a "neutral" rating and a $34.00 price objective for the company.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC bought a new position in Chime Financial in the second quarter valued at approximately $33,000. Scopus Asset Management L.P. bought a new position in Chime Financial in the second quarter valued at approximately $34,000. Daiwa Securities Group Inc. bought a new position in Chime Financial in the second quarter valued at approximately $40,000. Osaic Holdings Inc. bought a new position in Chime Financial in the second quarter valued at approximately $45,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Chime Financial in the second quarter valued at approximately $113,000.

Chime Financial Trading Up 1.8%

NASDAQ:CHYM traded up $0.41 during mid-day trading on Wednesday, hitting $23.75. The company had a trading volume of 5,384,092 shares, compared to its average volume of 2,547,473. Chime Financial has a fifty-two week low of $22.13 and a fifty-two week high of $44.94. The company has a fifty day moving average price of $28.81.

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($7.29) earnings per share for the quarter, missing the consensus estimate of ($4.85) by ($2.44). The business had revenue of $528.15 million during the quarter, compared to analysts' expectations of $503.88 million. The company's revenue for the quarter was up 37.5% on a year-over-year basis. Chime Financial has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Chime Financial Company Profile

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.