Chime Financial (NASDAQ:CHYM) Earns Buy Rating from Analysts at Arete

Arete began coverage on shares of Chime Financial (NASDAQ:CHYM) in a research report released on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $34.00 target price on the stock.

CHYM has been the topic of several other reports. Barclays initiated 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. Evercore ISI initiated coverage on Chime Financial in a research report on Monday, July 7th. They set an “outperform” rating and a $38.00 price target on the stock. The Goldman Sachs Group initiated coverage on Chime Financial in a research report on Monday, July 7th. They set a “neutral” rating and a $34.00 price target on the stock. William Blair initiated coverage on Chime Financial in a research report on Monday, July 7th. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Chime Financial in a research report on Thursday, July 17th. They set a “hold” rating and a $35.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.15.

Chime Financial Stock Performance

Shares of Chime Financial stock opened at $20.99 on Tuesday. The firm’s 50-day moving average price is $26.87. Chime Financial has a 12 month low of $19.85 and a 12 month high of $44.94.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data 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 analysts’ expectations of $503.88 million. The business’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 Investors Weigh In On Chime Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Aristides Capital LLC purchased a new stake in Chime Financial in the 2nd quarter worth approximately $345,000. CenterBook Partners LP purchased a new stake in Chime Financial in the 2nd quarter worth approximately $4,164,000. Greenland Capital Management LP purchased a new stake in Chime Financial in the 2nd quarter worth approximately $1,258,000. Octahedron Capital Management L.P. purchased a new stake in Chime Financial in the 2nd quarter worth approximately $3,451,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Chime Financial in the 2nd quarter worth approximately $217,000.

About Chime Financial

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.