Chime Financial, Inc.'s (NASDAQ:CHYM) Quiet Period Will End on July 22nd

Chime Financial's (NASDAQ:CHYM - Get Free Report) quiet period will end on Tuesday, July 22nd. Chime Financial had issued 32,000,000 shares in its public offering on June 12th. The total size of the offering was $864,000,000 based on an initial share price of $27.00. During the company's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Seaport Res Ptn upgraded shares of Chime Financial to a "strong-buy" rating in a research note on Monday, June 30th. Canaccord Genuity Group started coverage on shares of Chime Financial in a research report on Monday, July 7th. They set a "buy" rating and a $40.00 price target for the company. UBS Group started coverage on shares of Chime Financial in a research report on Monday, July 7th. They set a "neutral" rating and a $35.00 price target for the company. Evercore ISI started coverage on shares of Chime Financial in a research report on Monday, July 7th. They set an "outperform" rating and a $38.00 price target for the company. Finally, Keefe, Bruyette & Woods started coverage on shares of Chime Financial in a research report on Tuesday, July 8th. They set an "outperform" rating and a $42.00 price target for the company. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Chime Financial presently has an average rating of "Moderate Buy" and an average price target of $37.83.

Chime Financial Stock Performance

CHYM stock opened at $30.15 on Tuesday. Chime Financial has a fifty-two week low of $28.21 and a fifty-two 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.

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