Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) shot up 8.4% during mid-day trading on Monday . The company traded as high as $34.30 and last traded at $34.20. 2,361,753 shares were traded during trading, a decline of 36% from the average session volume of 3,692,018 shares. The stock had previously closed at $31.55.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on CHYM shares. William Blair started coverage on Chime Financial in a report on Monday, July 7th. They set an "outperform" rating on the stock. Seaport Res Ptn raised Chime Financial to a "strong-buy" rating in a report on Monday, June 30th. JPMorgan Chase & Co. began coverage on Chime Financial in a research report on Monday, July 7th. They set an "overweight" rating and a $40.00 price objective on the stock. Morgan Stanley began coverage on Chime Financial in a research note on Monday, July 7th. They issued an "overweight" rating and a $39.00 target price for the company. Finally, Piper Sandler initiated coverage on Chime Financial in a research report on Monday, July 7th. They set an "overweight" rating and a $40.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $37.83.
View Our Latest Stock Report on CHYM
Chime Financial Stock Performance
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Chime Financial stock. PFG Investments LLC bought a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,150 shares of the company's stock, valued at approximately $350,000.
Chime Financial Company Profile
(
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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