Deutsche Bank Aktiengesellschaft Initiates Coverage on Chime Financial (NASDAQ:CHYM)

Research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Chime Financial (NASDAQ:CHYM - Get Free Report) in a research note issued on Thursday, Marketbeat reports. The firm set a "hold" rating and a $35.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 10.94% from the stock's previous close.

A number of other research analysts also recently weighed in on the company. Wall Street Zen upgraded Chime Financial to a "hold" rating in a research note on Saturday, June 21st. Wolfe Research began coverage on Chime Financial in a research note on Monday, July 7th. They issued an "outperform" rating and a $38.00 price target for the company. UBS Group began coverage on Chime Financial in a research note on Monday, July 7th. They issued a "neutral" rating and a $35.00 price target for the company. Barclays began coverage on Chime Financial in a research note on Monday, July 7th. They issued an "overweight" rating and a $40.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on Chime Financial in a research note on Monday, July 7th. They issued a "neutral" rating and a $34.00 price target for the company. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.83.

Chime Financial Stock Performance

CHYM stock traded up $0.04 during mid-day trading on Thursday, reaching $31.55. The company had a trading volume of 1,505,181 shares, compared to its average volume of 3,163,144. Chime Financial has a 52 week low of $28.21 and a 52 week high of $44.94.

Hedge Funds Weigh In On Chime Financial

An institutional investor recently bought a new position in Chime Financial stock. PFG Investments LLC acquired a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,150 shares of the company's stock, valued at approximately $350,000.

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.