Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) rose 8.4% during mid-day trading on Monday . The company traded as high as $34.30 and last traded at $34.20. Approximately 2,361,753 shares were traded during trading, a decline of 36% from the average daily volume of 3,692,018 shares. The stock had previously closed at $31.55.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. UBS Group assumed coverage on shares of Chime Financial in a research report on Monday, July 7th. They issued a "neutral" rating and a $35.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Chime Financial in a research report on Thursday, July 17th. They issued a "hold" rating and a $35.00 price objective on the stock. Wolfe Research assumed coverage on shares of Chime Financial in a research report on Monday, July 7th. They issued an "outperform" rating and a $38.00 price objective on the stock. Evercore ISI started coverage on shares of Chime Financial in a research report on Monday, July 7th. They issued an "outperform" rating and a $38.00 price objective on the stock. Finally, Keefe, Bruyette & Woods started coverage on shares of Chime Financial in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $42.00 target price for the company. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $37.83.
Read Our Latest Stock Report on CHYM
Chime Financial Stock Up 1.1%
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CHYM. Hennessy Advisors Inc. bought a new stake in shares of Chime Financial during the 2nd quarter valued at $207,000. PFG Investments LLC bought a new stake in shares of Chime Financial during the 2nd quarter valued at $350,000. Finally, MADDEN SECURITIES Corp bought a new stake in shares of Chime Financial during the 2nd quarter valued at $582,000.
About Chime Financial
(
Get Free Report)
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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