William Blair Initiates Coverage on Chime Financial (NASDAQ:CHYM)

Investment analysts at William Blair began coverage on shares of Chime Financial (NASDAQ:CHYM - Get Free Report) in a note issued to investors on Monday, Marketbeat Ratings reports. The firm set an "outperform" rating on the stock.

CHYM has been the subject of several other research reports. Canaccord Genuity Group assumed coverage on Chime Financial in a report on Monday. They issued a "buy" rating and a $40.00 price objective for the company. Compass Point assumed coverage on Chime Financial in a report on Wednesday, July 2nd. They issued a "neutral" rating and a $33.00 price objective for the company. Evercore ISI assumed coverage on Chime Financial in a report on Monday. They issued an "outperform" rating and a $38.00 price objective for the company. Wall Street Zen upgraded Chime Financial to a "hold" rating in a report on Saturday, June 21st. Finally, Seaport Res Ptn upgraded Chime Financial to a "strong-buy" rating in a research note on Monday, June 30th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $37.83.

Chime Financial Trading Down 0.7%

NASDAQ CHYM traded down $0.22 on Monday, hitting $30.81. The company's stock had a trading volume of 1,119,736 shares, compared to its average volume of 4,361,066. Chime Financial has a 52-week low of $28.21 and a 52-week high of $44.94.

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.