Chime Financial (NASDAQ:CHYM) Reaches New 1-Year Low - Should You Sell?

Key Points

• Chime Financial shares reached a new 52-week low, trading at $22.03, a decline from the previous closing price of $23.05 with a volume of over 1.5 million shares traded.
• Despite the stock's recent decline, several analysts have upgraded Chime Financial, with ratings ranging from "strong-buy" to "neutral" and a consensus target price of $38.00.
• The company reported a quarterly earnings loss of ($7.29) per share, missing estimates, but managed to achieve a revenue increase of 37.5% year-over-year, totaling $528.15 million during the quarter.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $22.03 and last traded at $22.03, with a volume of 1580585 shares changing hands. The stock had previously closed at $23.05.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Seaport Res Ptn raised Chime Financial to a "strong-buy" rating in a research note on Monday, June 30th. Compass Point started coverage on Chime Financial in a research report on Wednesday, July 2nd. They set a "neutral" rating and a $33.00 price target on the stock. Wolfe Research started coverage on Chime Financial in a research report on Monday, July 7th. They set an "outperform" rating and a $38.00 price target on the stock. Barclays started coverage on Chime Financial in a research report on Monday, July 7th. They set an "overweight" rating and a $40.00 price target on the stock. Finally, UBS Group raised their price target on Chime Financial from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Chime Financial Price Performance

The stock's 50 day moving average is $28.41.

Chime Financial (NASDAQ:CHYM - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($7.29) 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 firm's quarterly 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

Institutional investors have recently added to or reduced their stakes in the company. Aristides Capital LLC bought a new stake in Chime Financial in the 2nd quarter valued at $345,000. CenterBook Partners LP acquired a new position in Chime Financial in the 2nd quarter valued at $4,164,000. Greenland Capital Management LP bought a new stake in shares of Chime Financial during the 2nd quarter worth $1,258,000. Octahedron Capital Management L.P. bought a new position in Chime Financial in the second quarter valued at about $3,451,000. Finally, SBI Securities Co. Ltd. acquired a new position in Chime Financial during the second 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.