William Blair reissued their outperform rating on shares of Chime Financial (NASDAQ:CHYM – Free Report) in a report published on Tuesday morning,RTT News reports.
CHYM has been the subject of several other reports. JPMorgan Chase & Co. started coverage on shares of Chime Financial in a report on Monday, July 7th. They issued an “overweight” rating and a $40.00 price target for the company. Piper Sandler started coverage on shares of Chime Financial in a research report on Monday, July 7th. They issued an “overweight” rating and a $40.00 price objective on the stock. Evercore ISI started coverage on shares of Chime Financial in a research report on Monday, July 7th. They issued an “outperform” rating and a $38.00 price objective on the stock. Compass Point started coverage on shares of Chime Financial in a research report on Wednesday, July 2nd. They issued a “neutral” rating and a $33.00 price objective on the stock. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 price objective on shares of Chime Financial in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.15.
Read Our Latest Research Report on CHYM
Chime Financial Stock Up 4.9%
Chime Financial (NASDAQ:CHYM – Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $503.88 million. The firm’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 Trading of Chime Financial
Hedge funds and other institutional investors have recently made changes to their positions in the business. Aristides Capital LLC bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $345,000. CenterBook Partners LP bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $4,164,000. Greenland Capital Management LP bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $1,258,000. Octahedron Capital Management L.P. bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $3,451,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $217,000.
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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