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

Key Points

• Chime Financial's stock reached a new 52-week low at $22.13, with a last trade of $23.84, marking a 3.2% decline from the previous close of $24.30.
• Despite the downturn, analysts maintain a consensus rating of "Moderate Buy" with an average price target of $38.00, suggesting potential for recovery.
• The company reported a Q2 earnings loss of $7.29 EPS, missing expectations, but its revenue increased by 37.5% year-over-year to $528.15 million.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $22.13 and last traded at $23.84, with a volume of 2699994 shares trading hands. The stock had previously closed at $24.30.

Analyst Ratings Changes

CHYM has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Chime Financial to a "hold" rating in a research note on Saturday, June 21st. Keefe, Bruyette & Woods initiated coverage on shares of Chime Financial in a research note on Tuesday, July 8th. They set an "outperform" rating and a $42.00 target price on the stock. Barclays initiated coverage on shares of Chime Financial in a research note on Monday, July 7th. They set an "overweight" rating and a $40.00 target price on the stock. William Blair initiated coverage on shares of Chime Financial in a research note on Monday, July 7th. They set an "outperform" rating on the stock. Finally, Evercore ISI initiated coverage on shares of Chime Financial in a research note on Monday, July 7th. They set an "outperform" rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.00.

Chime Financial Trading Down 1.8%

The stock has a 50 day simple moving average of $29.57.

Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its quarterly 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 business had revenue of $528.15 million for the quarter, compared to analyst estimates of $503.88 million. The business's revenue 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

A number of large investors have recently made changes to their positions in CHYM. Galileo PTC Ltd bought a new stake in shares of Chime Financial in the 2nd quarter worth about $1,803,793,000. ICONIQ Capital LLC bought a new stake in shares of Chime Financial in the 2nd quarter worth about $518,844,000. Dragoneer Investment Group LLC bought a new stake in shares of Chime Financial in the 2nd quarter worth about $295,022,000. Orland Properties Ltd bought a new stake in shares of Chime Financial in the 2nd quarter worth about $159,093,000. Finally, Scge Management L.P. bought a new stake in shares of Chime Financial in the 2nd quarter worth about $152,563,000.

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.