Chime Financial (NASDAQ:CHYM) Reaches New 1-Year Low - What's Next?

Key Points

• Chime Financial reached a new 52-week low at $19.54 during trading, following an 8% drop in its stock price from the prior close of $21.28.
• Despite the recent decline, several analysts have rated Chime Financial's stock positively, with price targets ranging from $35 to $40, indicating a consensus rating of "Moderate Buy."
• In its most recent earnings report, Chime missed earnings expectations but showed a significant revenue increase of 37.5% year-over-year.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $19.54 and last traded at $19.57, with a volume of 2256312 shares trading hands. The stock had previously closed at $21.28.

Wall Street Analyst Weigh In

Several analysts have issued reports on CHYM shares. Morgan Stanley initiated coverage on Chime Financial in a research note on Monday, July 7th. They set an "overweight" rating and a $39.00 price objective on the stock. Barclays assumed coverage on Chime Financial in a report on Monday, July 7th. They issued an "overweight" rating and a $40.00 price objective for the company. JPMorgan Chase & Co. started coverage on Chime Financial in a research note on Monday, July 7th. They set an "overweight" rating and a $40.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on Chime Financial in a research note on Thursday, July 17th. They set a "hold" rating and a $35.00 price objective for the company. Finally, Arete Research raised Chime Financial to a "strong-buy" rating in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.15.

Chime Financial Stock Down 8.0%

The stock's fifty day moving average price is $25.60.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($7.29) earnings per share for the quarter, missing the consensus estimate of ($4.85) by ($2.44). The business had revenue of $528.15 million during the quarter, compared to the consensus estimate of $503.88 million. The business's revenue for the quarter 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 Investors Weigh In On Chime Financial

A number of institutional investors have recently added to or reduced their stakes in CHYM. PFG Investments LLC bought a new stake in shares of Chime Financial in the 2nd quarter valued at approximately $350,000. Hennessy Advisors Inc. bought a new position in Chime Financial in the 2nd quarter worth approximately $207,000. MADDEN SECURITIES Corp bought a new position in Chime Financial in the 2nd quarter worth approximately $582,000. Board of Trustees of The Leland Stanford Junior University bought a new position in Chime Financial in the 2nd quarter worth approximately $1,453,000. Finally, Jennison Associates LLC bought a new position in Chime Financial in the 2nd quarter worth approximately $3,766,000.

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.

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