Chime Financial (NASDAQ:CHYM) Given New $28.00 Price Target at UBS Group

Key Points

• UBS raised Chime Financial’s price target from $26 to $28 while maintaining a “neutral” rating; its target implies 12.09% downside from the prior close.
• Chime reported quarterly EPS of $0.07 versus expectations for a $0.01 loss, while revenue rose 26.8% year over year to $669.77 million. Analysts’ average rating is “Moderate Buy,” with an average target price of $30.39.
• Shares jumped 22.9% to $31.85 after the results, although insiders sold 16,000 shares worth $356,500 during the last quarter.

Chime Financial (NASDAQ:CHYM - Get Free Report) had its price objective upped by analysts at UBS Group from $26.00 to $28.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price target indicates a potential downside of 12.09% from the company's previous close.

A number of other research analysts have also recently issued reports on the company. Canaccord Genuity Group reiterated a "buy" rating and issued a $40.00 target price on shares of Chime Financial in a research report on Friday, July 31st. Weiss Ratings reiterated a "sell (e+)" rating on shares of Chime Financial in a research report on Wednesday, June 3rd. The Goldman Sachs Group raised their target price on shares of Chime Financial from $26.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday. BMO Capital Markets increased their price target on Chime Financial from $28.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Wall Street Zen upgraded Chime Financial from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Four research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.39.

Chime Financial Trading Up 22.9%

NASDAQ CHYM traded up $5.93 on Thursday, hitting $31.85. 27,273,987 shares of the company's stock were exchanged, compared to its average volume of 4,828,209. The stock has a 50-day moving average of $20.05 and a 200-day moving average of $20.74. Chime Financial has a 52 week low of $15.88 and a 52 week high of $33.99. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of -4.27 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The company had revenue of $669.77 million for the quarter. During the same quarter in the previous year, the business posted ($7.29) EPS. The company's revenue for the quarter was up 26.8% on a year-over-year basis. As a group, analysts predict that Chime Financial will post 0.3 earnings per share for the current year.

Insider Activity

In related news, General Counsel Adam B. Frankel sold 3,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $17.50, for a total transaction of $52,500.00. Following the transaction, the general counsel directly owned 303,795 shares of the company's stock, valued at approximately $5,316,412.50. This represents a 0.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amine Asmerom sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 226,946 shares in the company, valued at approximately $5,673,650. The trade was a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,000 shares of company stock worth $356,500 in the last quarter. Company insiders own 12.30% of the company's stock.

Hedge Funds Weigh In On Chime Financial

Institutional investors have recently modified their holdings of the company. Aspect Management LLC bought a new stake in Chime Financial in the 4th quarter worth about $300,361,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Chime Financial during the 4th quarter worth approximately $129,091,000. Orland Properties Ltd bought a new position in shares of Chime Financial during the 2nd quarter worth approximately $159,093,000. Scge Management L.P. purchased a new position in shares of Chime Financial in the 2nd quarter worth approximately $152,563,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Chime Financial by 2,720.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company's stock worth $51,630,000 after buying an additional 2,658,816 shares during the last quarter.

Trending Headlines about Chime Financial

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Chime reported second-quarter EPS of $0.07, beating the consensus estimate of a $0.01 loss and improving substantially from a $7.29 per-share loss a year earlier. Revenue increased 26.8% year over year to $669.77 million, while management cited expanding margins and a second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter revenue guidance of $680 million to $690 million exceeded Wall Street’s $669.5 million estimate. Chime also forecast 2026 revenue of approximately $2.725 billion to $2.745 billion, reflecting continued demand for its digital banking products. Chime 2026 Revenue Forecast and Workforce Reduction
• Positive Sentiment: Analysts raised their targets following the results: Piper Sandler moved to $35 with an overweight rating, B. Riley to $37 with a buy rating, and Keefe, Bruyette & Woods to $35 with an outperform rating. Goldman Sachs raised its target to $33 and maintained a buy rating. Analyst Price Target Revisions
• Neutral Sentiment: Chime plans to reduce its workforce by roughly 10%. The move could improve operating efficiency and margins, but it may also signal efforts to control costs amid the company’s ongoing expansion.
• Neutral Sentiment: Longtime CFO Matt Newcomb is stepping down, creating a leadership transition investors will monitor despite the stronger outlook. Chime Revenue Forecast and CFO Departure
• Negative Sentiment: Chief Accounting Officer Amine Asmerom sold 10,000 shares under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction limits its bearish significance, but it modestly reduces insider ownership.

About Chime Financial

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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