Chime Financial (NASDAQ:CHYM) Price Target Raised to $39.00

Chime Financial (NASDAQ:CHYM) had its price target boosted by Morgan Stanley from $33.00 to $39.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

CHYM has been the subject of several other research reports. Canaccord Genuity Group increased their target price on shares of Chime Financial from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Freedom Capital raised shares of Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods upped their price objective on shares of Chime Financial from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.39.

Chime Financial Stock Down 3.4%

Shares of Chime Financial stock opened at $31.95 on Tuesday. The firm has a market cap of $12.10 billion, a PE ratio of -456.36 and a beta of 0.31. Chime Financial has a 52 week low of $15.88 and a 52 week high of $33.75. The business’s fifty day simple moving average is $23.07 and its 200-day simple moving average is $21.15.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($7.29) earnings per share. As a group, equities analysts expect that Chime Financial will post 0.41 earnings per share for the current year.

Insider Transactions at Chime Financial

In other Chime Financial news, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $32.66, for a total value of $145,538,087.62. Following the completion of the transaction, the insider directly owned 405,663 shares of the company’s stock, valued at $13,248,953.58. The trade was a 91.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher R. Britt sold 200,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $29.19, for a total transaction of $5,838,000.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,701,440 shares of company stock worth $313,102,529 in the last 90 days. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Aspect Management LLC acquired a new stake in Chime Financial during the 4th quarter worth approximately $300,361,000. Ashton Thomas Private Wealth LLC purchased a new position in Chime Financial in the 4th quarter valued at approximately $129,091,000. Orland Properties Ltd purchased a new position in Chime Financial in the 2nd quarter valued at approximately $159,093,000. Scge Management L.P. acquired a new position in shares of Chime Financial in the second quarter worth $152,563,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Chime Financial by 2,720.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock worth $51,630,000 after acquiring an additional 2,658,816 shares in the last quarter.

Trending Headlines about Chime Financial

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Zacks Research upgraded Chime Financial to “strong buy,” adding to recent bullish sentiment around the stock. Zacks Research upgrade
• Positive Sentiment: Chime has gained 10.03% over the past week, while Zacks cited improving earnings estimates and included CHYM on its Rank #1 “Strong Buy” and momentum-stock lists. These revisions may support continued near-term investor interest. Zacks momentum analysis
• Positive Sentiment: A Morgan Stanley analyst reportedly expects Chime’s stock price to rise, providing additional support for the bullish case. Morgan Stanley analyst outlook
• Neutral Sentiment: CEO and co-founder Chris Britt is scheduled to participate in a Goldman Sachs Communacopia + Technology Conference fireside chat on September 9. The event could provide investors with updated commentary, but it has no immediate financial impact. Chime conference announcement
• Negative Sentiment: Global Advisors Ltd Dst sold 4.46 million CHYM shares for approximately $145.5 million on August 19, after selling another 353,812 shares worth about $11.4 million on August 18. The transactions reduced the shareholder’s position by 91.66% and 44.16%, respectively, creating a significant supply overhang and likely weighing on the stock.

About Chime Financial

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.