MADDEN SECURITIES Corp Makes New Investment in Chime Financial, Inc. $CHYM

Key Points

• MADDEN SECURITIES Corp acquired a new stake in Chime Financial, Inc. during the second quarter, purchasing 16,860 shares valued at approximately $582,000.
• Chime Financial's stock is receiving positive attention from analysts, with multiple reports indicating a "buy" rating and price targets ranging from $34.00 to $40.00.
• The company reported a loss of $7.29 EPS for the last quarter, which was below expectations, despite revenue growth of 37.5% compared to the same quarter last year.

MADDEN SECURITIES Corp acquired a new stake in shares of Chime Financial, Inc. (NASDAQ:CHYM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,860 shares of the company's stock, valued at approximately $582,000.

Separately, PFG Investments LLC bought a new position in Chime Financial during the 2nd quarter valued at about $350,000.

Wall Street Analysts Forecast Growth

CHYM has been the topic of several research analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $40.00 price objective on shares of Chime Financial in a research note on Monday, August 11th. Arete started coverage on Chime Financial in a research report on Tuesday, September 30th. They set a "buy" rating and a $34.00 price target on the stock. Evercore ISI initiated coverage on Chime Financial in a report on Monday, July 7th. They set an "outperform" rating and a $38.00 price target for the company. Wall Street Zen raised Chime Financial to a "hold" rating in a research note on Saturday, June 21st. Finally, Wolfe Research assumed coverage on Chime Financial in a research note on Monday, July 7th. They issued an "outperform" rating and a $38.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $37.15.

Chime Financial Stock Performance

NASDAQ:CHYM opened at $21.05 on Tuesday. The stock's fifty day moving average price is $26.35. Chime Financial, Inc. has a 52-week low of $19.85 and a 52-week high of $44.94.

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its 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 firm had revenue of $528.15 million during the quarter, compared to the consensus estimate of $503.88 million. The firm's revenue 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.

Chime Financial 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.

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