Chime Financial (NASDAQ:CHYM) Reaches New 52-Week Low - Should You Sell?

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.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CHYM shares. UBS Group increased their price objective on shares of Chime Financial from $35.00 to $37.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Evercore ISI initiated coverage on Chime Financial in a report on Monday, July 7th. They issued an "outperform" rating and a $38.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Chime Financial in a report on Monday, July 7th. They issued an "overweight" rating and a $40.00 target price for the company. The Goldman Sachs Group began coverage on Chime Financial in a report on Monday, July 7th. They set a "neutral" rating and a $34.00 price target on the stock. Finally, Wolfe Research started 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 for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Chime Financial Stock Down 3.2%

The business's 50 day moving average price is $30.00.

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 analysts' consensus estimates of ($4.85) by ($2.44). The company had revenue of $528.15 million during the quarter, compared to analyst estimates 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.

Hedge Funds Weigh In On Chime Financial

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial in the second quarter valued at $33,000. Scopus Asset Management L.P. acquired a new position in shares of Chime Financial in the 2nd quarter valued at $34,000. Daiwa Securities Group Inc. bought a new position in shares of Chime Financial in the 2nd quarter worth $40,000. Osaic Holdings Inc. bought a new position in shares of Chime Financial in the 2nd quarter worth $45,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Chime Financial during the 2nd quarter worth about $113,000.

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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