Chime Financial (NASDAQ:CHYM) Stock Gets Price Target Bump from UBS Group

Chime Financial (NASDAQ:CHYM) had its price objective upped by equities research analysts at UBS Group from $31.00 to $34.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group‘s target price would indicate a potential upside of 8.52% from the stock’s previous close.

Several other brokerages have also recently commented on CHYM. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods raised their target price on Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday. Monness Crespi & Hardt assumed coverage on shares of Chime Financial in a research report on Monday, October 26th. They issued a “neutral” rating on the stock. Finally, Rothschild & Co Redburn raised shares of Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Monday, September 14th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.47.

Chime Financial Trading Up 3.8%

CHYM stock traded up $1.15 during trading on Thursday, hitting $31.33. The company had a trading volume of 8,530,008 shares, compared to its average volume of 3,396,881. The business has a 50 day moving average of $29.94 and a 200 day moving average of $23.90. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 164.90 and a beta of 0.74. Chime Financial has a fifty-two week low of $15.88 and a fifty-two week high of $35.55.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $718.00 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.15) earnings per share. As a group, equities analysts predict that Chime Financial will post 0.47 EPS for the current year.

Insider Activity at Chime Financial

In other news, insider Ryan A. King sold 63,382 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $31.32, for a total transaction of $1,985,124.24. Following the sale, the insider directly owned 37,812 shares of the company’s stock, valued at $1,184,271.84. The trade was a 62.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Global Advisors Ltd Dst sold 3,216,189 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $33.99, for a total value of $109,318,264.11. Following the sale, the insider directly owned 336,798 shares in the company, valued at $11,447,764.02. This trade represents a 90.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 16,496,294 shares of company stock worth $543,320,549. 12.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chime Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Diversified Trust Co increased its stake in Chime Financial by 80.5% in the 3rd quarter. Diversified Trust Co now owns 36,103 shares of the company’s stock worth $962,000 after purchasing an additional 16,103 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Chime Financial by 48.6% in the third quarter. Russell Investments Group Ltd. now owns 761,436 shares of the company’s stock worth $20,285,000 after buying an additional 248,925 shares during the period. Fifth Third Bancorp increased its position in shares of Chime Financial by 129.6% in the third quarter. Fifth Third Bancorp now owns 80,077 shares of the company’s stock worth $2,133,000 after acquiring an additional 45,194 shares in the last quarter. Jefferies Financial Group Inc. increased its position in shares of Chime Financial by 1,355.0% in the third quarter. Jefferies Financial Group Inc. now owns 655,280 shares of the company’s stock worth $17,457,000 after acquiring an additional 610,244 shares in the last quarter. Finally, Machina Capital S.A.S. purchased a new position in shares of Chime Financial in the third quarter worth approximately $816,000.

Key Headlines Impacting Chime Financial

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

• Positive Sentiment: Chime reported Q3 revenue growth of 32% year over year and earnings that beat analysts’ expectations. The quarter marked its third consecutive GAAP profit, with lending cited as a key growth driver. Q3 earnings results
• Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million, indicating continued growth. Q4 forecast and Stride deal update
• Positive Sentiment: Several firms raised their targets: Goldman Sachs to $43 and kept a Buy rating; JPMorgan to $40 with an Overweight rating; and Scotiabank to $44 with a Sector Outperform rating. Goldman Sachs rating JPMorgan rating Scotiabank rating
• Positive Sentiment: UBS also raised its target, from $31 to $34, though it maintained a Neutral rating. UBS rating
• Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027; the deal adds a future milestone, but its completion remains ahead. Stride transaction update

About Chime Financial

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime’s products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.