Chime Financial (NASDAQ:CHYM) Sets New 52-Week Low - Here's What Happened

Key Points

• Chime Financial's stock hit a new 52-week low of $19.94, with a latest trading price of $20.17, a decline from its previous close of $20.80.
• Despite the recent stock drop, analysts generally have a positive outlook, with ratings including one "Strong Buy" and ten "Buy," resulting in an average price target of $37.69.
• The company's quarterly earnings showed a loss of ($7.29) EPS, missing estimates, but revenue increased by 37.5% year-over-year, reaching $528.15 million.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $19.94 and last traded at $20.17, with a volume of 3718443 shares. The stock had previously closed at $20.80.

Wall Street Analyst Weigh In

CHYM has been the subject of a number of recent analyst reports. Seaport Res Ptn raised shares of Chime Financial to a "strong-buy" rating in a research note on Monday, June 30th. Wolfe Research initiated coverage on shares of Chime Financial in a research note on Monday, July 7th. They set an "outperform" rating and a $38.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Chime Financial in a research note on Monday, July 7th. They set a "neutral" rating and a $34.00 price target for the company. 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 price target for the company. Finally, Wall Street Zen raised shares of Chime Financial to a "hold" rating in a research note on Saturday, June 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Chime Financial has an average rating of "Moderate Buy" and an average price target of $37.69.

Chime Financial Trading Down 3.0%

The business's fifty day moving average price is $27.49.

Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($7.29) earnings per share for the quarter, missing analysts' consensus estimates of ($4.85) by ($2.44). The company 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% on a year-over-year basis. 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 added to or reduced their stakes in the stock. Galileo PTC Ltd bought a new stake in Chime Financial during the 2nd quarter valued at about $1,803,793,000. ICONIQ Capital LLC bought a new stake in Chime Financial during the 2nd quarter valued at about $518,844,000. Dragoneer Investment Group LLC bought a new stake in Chime Financial during the 2nd quarter valued at about $295,022,000. Orland Properties Ltd bought a new stake in Chime Financial during the 2nd quarter valued at about $159,093,000. Finally, Scge Management L.P. bought a new stake in Chime Financial during the 2nd quarter valued at 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.

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.