Weiss Ratings Reaffirms Sell (D-) Rating for Chime Financial (NASDAQ:CHYM)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Chime Financial's stock, indicating ongoing concerns about the company's performance.
• Despite the negative assessment from Weiss Ratings, several analysts have given Chime Financial a mix of ratings, including two "Strong Buy" ratings and an average consensus price target of $37.15.
• Chime Financial recently reported earnings that missed expectations, with a loss of ($7.29) per share, while revenue showed a significant increase of 37.5% year-over-year.

Chime Financial (NASDAQ:CHYM - Get Free Report)'s stock had its "sell (d-)" rating reiterated by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently weighed in on CHYM. Seaport Res Ptn raised shares of Chime Financial to a "strong-buy" rating in a research report on Monday, June 30th. Barclays started 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. William Blair restated an "outperform" rating on shares of Chime Financial in a research report on Tuesday, September 30th. Wolfe Research started coverage on shares of Chime Financial in a research note on Monday, July 7th. They issued an "outperform" rating and a $38.00 price target on the stock. Finally, Morgan Stanley began coverage on shares of Chime Financial in a research note on Monday, July 7th. They set an "overweight" rating and a $39.00 price objective for the company. Two investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.15.

Chime Financial Price Performance

Shares of Chime Financial stock traded up $0.55 during midday trading on Wednesday, reaching $21.35. The company had a trading volume of 2,218,531 shares, compared to its average volume of 3,367,080. The company's fifty day moving average is $25.86. Chime Financial has a 1-year low of $19.85 and a 1-year high of $44.94.

Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its earnings results 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 analysts' expectations 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC acquired a new position in shares of Chime Financial in the 2nd quarter valued at about $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial during the 2nd quarter valued at about $34,000. Daiwa Securities Group Inc. purchased a new position in shares of Chime Financial during the second quarter worth approximately $40,000. Osaic Holdings Inc. acquired a new stake in Chime Financial in the second quarter valued at approximately $45,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Chime Financial during the second quarter valued at $113,000.

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.

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