Chime Financial (NASDAQ:CHYM) Sets New 12-Month Low - Should You Sell?

Key Points

• Chime Financial's stock hit a new 52-week low at $28.20, closing slightly higher at $28.56 on significant trading volume of 558,993 shares.
• Analysts maintain a positive outlook on Chime Financial, with several firms issuing "buy" ratings and target prices ranging from $38 to $42.
• Despite a revenue increase of 37.5% year-over-year to $528.15 million, the company reported a larger-than-expected loss of $7.29 per share for the quarter.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $28.20 and last traded at $28.56, with a volume of 558993 shares. The stock had previously closed at $29.25.

Analysts Set New Price Targets

A number of research analysts have commented on CHYM shares. Compass Point started coverage on Chime Financial in a report on Wednesday, July 2nd. They set a "neutral" rating and a $33.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Chime Financial in a research report on Thursday, July 17th. They set a "hold" rating and a $35.00 price objective for the company. The Goldman Sachs Group assumed coverage on Chime Financial in a research note on Monday, July 7th. They set a "neutral" rating and a $34.00 price objective for the company. Wall Street Zen upgraded Chime Financial to a "hold" rating in a research note on Saturday, June 21st. Finally, UBS Group boosted their price target on shares of Chime Financial from $35.00 to $37.00 and gave the company a "neutral" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Chime Financial presently has an average rating of "Moderate Buy" and an average price target of $38.00.

Chime Financial Stock Down 5.2%

The business has a 50-day simple moving average of $31.72.

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

Institutional Trading of Chime Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Galileo PTC Ltd purchased a new position in Chime Financial in the second quarter valued at about $1,803,793,000. ICONIQ Capital LLC purchased a new position in Chime Financial in the second quarter valued at about $518,844,000. Dragoneer Investment Group LLC purchased a new position in Chime Financial in the second quarter valued at about $295,022,000. Orland Properties Ltd purchased a new position in Chime Financial in the second quarter valued at about $159,093,000. Finally, Scge Management L.P. purchased a new position in Chime Financial in the second quarter valued at about $152,563,000.

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.