Chime Financial (NASDAQ:CHYM) Reaches New 12-Month Low - What's Next?

Key Points

• Chime Financial's stock reached a new 52-week low, trading as low as $18.70, and is currently at $18.72, significantly down from a previous close of $19.52.
• Analysts have mixed outlooks on Chime Financial, with a consensus rating of Moderate Buy and target prices ranging from $36.46 to $40.00.
• The company reported a 37.5% year-over-year revenue increase, with recent quarterly earnings of ($7.29) EPS, missing estimates by ($2.44).

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $18.70 and last traded at $18.72, with a volume of 864053 shares changing hands. The stock had previously closed at $19.52.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Chime Financial in a research report on Monday, July 7th. They set an "overweight" rating and a $39.00 target price for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Chime Financial in a research report on Wednesday, October 8th. Seaport Res Ptn upgraded shares of Chime Financial to a "strong-buy" rating in a research report on Monday, June 30th. Piper Sandler assumed coverage on shares of Chime Financial in a research report on Monday, July 7th. They set an "overweight" rating and a $40.00 target price for the company. Finally, Evercore ISI assumed coverage on shares of Chime Financial in a research report on Monday, July 7th. They set an "outperform" rating and a $38.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chime Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.46.

Chime Financial Stock Performance

The firm's 50-day moving average is $24.50.

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($7.29) EPS for the quarter, missing analysts' consensus estimates of ($4.85) by ($2.44). The firm had revenue of $528.15 million for the quarter, compared to the consensus estimate of $503.88 million. Chime Financial'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 and hedge funds have recently bought and sold shares of CHYM. EverSource Wealth Advisors LLC purchased a new stake in Chime Financial in the second quarter valued at approximately $33,000. Scopus Asset Management L.P. purchased a new position in shares of Chime Financial during the second quarter worth approximately $34,000. Daiwa Securities Group Inc. purchased a new position in shares of Chime Financial during the second quarter worth approximately $40,000. Osaic Holdings Inc. purchased a new position in shares of Chime Financial during the second quarter worth approximately $45,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of Chime Financial during the third quarter worth approximately $50,000.

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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