Chime Financial (NASDAQ:CHYM) Reaches New 1-Year Low - Time to Sell?

Key Points

• Chime Financial's stock reached a new 52-week low at $26.34, down from a previous close of $28.02, with significant trading volume of over 3.7 million shares.
• Analysts have generally maintained positive outlooks, with a consensus target price of $38.00 and multiple "buy" or "overweight" ratings from firms like Canaccord Genuity and Morgan Stanley.
• Despite a year-over-year revenue increase of 37.5%, the company reported a larger than expected loss of ($7.29) earnings per share against a consensus estimate of ($4.85).

Shares of Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $26.34 and last traded at $26.57, with a volume of 3711336 shares trading hands. The stock had previously closed at $28.02.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Canaccord Genuity Group restated a "buy" rating and set a $40.00 price target on shares of Chime Financial in a research note on Monday, August 11th. Seaport Res Ptn upgraded shares of Chime Financial to a "strong-buy" rating in a research note on Monday, June 30th. Compass Point assumed coverage on shares of Chime Financial in a research note on Wednesday, July 2nd. They set a "neutral" rating and a $33.00 price target for the company. Barclays assumed coverage on shares of Chime Financial in a research note on Monday, July 7th. They set an "overweight" rating and a $40.00 price target for the company. Finally, Wolfe Research assumed coverage on shares of Chime Financial in a research note on Monday, July 7th. They set an "outperform" rating and a $38.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Chime Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Chime Financial Trading Up 5.9%

The company has a 50 day simple moving average of $31.52.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations of $503.88 million. Chime Financial's revenue for the quarter was up 37.5% on a year-over-year basis. Chime Financial has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Institutional Trading of Chime Financial

Several institutional investors have recently made changes to their positions in CHYM. Aristides Capital LLC purchased a new position in shares of Chime Financial in the 2nd quarter worth about $345,000. CenterBook Partners LP purchased a new position in shares of Chime Financial in the 2nd quarter worth about $4,164,000. Greenland Capital Management LP purchased a new position in shares of Chime Financial in the 2nd quarter worth about $1,258,000. Octahedron Capital Management L.P. purchased a new position in shares of Chime Financial in the 2nd quarter worth about $3,451,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Chime Financial in the 2nd quarter worth about $217,000.

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.