Chime Financial (NASDAQ:CHYM) Price Target Raised to $44.00

Chime Financial (NASDAQ:CHYM) had its price target hoisted by Scotiabank from $42.00 to $44.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a sector outperform rating on the stock.

Other equities analysts have also issued research reports about the company. KeyCorp increased their price target on Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft upgraded Chime Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $35.00 in a report on Thursday, October 8th. Piper Sandler boosted their price objective on Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Monness Crespi & Hardt initiated coverage on shares of Chime Financial in a research note on Monday, October 26th. They set a “neutral” rating for the company. Finally, Weiss Ratings upgraded shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.47.

Chime Financial Stock Performance

Shares of NASDAQ:CHYM opened at $31.33 on Thursday. The company has a market capitalization of $11.86 billion, a PE ratio of 164.90 and a beta of 0.74. The stock has a fifty day moving average of $29.94 and a 200-day moving average of $23.90. Chime Financial has a one year low of $15.88 and a one year high of $35.55.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $718.00 million for the quarter. Chime Financial had a return on equity of 6.87% and a net margin of 3.05%. The business’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. As a group, research analysts forecast that Chime Financial will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Global Advisors Ltd Dst sold 3,216,189 shares of the firm’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 completion of the sale, the insider owned 336,798 shares of the company’s stock, valued at $11,447,764.02. This trade represents a 90.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Adam Frankel sold 102,002 shares of Chime Financial stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $33.31, for a total value of $3,397,686.62. Following the transaction, the general counsel owned 364,828 shares in the company, valued at $12,152,420.68. This represents a 21.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 16,496,294 shares of company stock valued at $543,320,549. 12.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chime Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Diversified Trust Co lifted its position in shares of Chime Financial by 80.5% in the third 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% during the third quarter. Russell Investments Group Ltd. now owns 761,436 shares of the company’s stock worth $20,285,000 after purchasing an additional 248,925 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Chime Financial by 129.6% during the third quarter. Fifth Third Bancorp now owns 80,077 shares of the company’s stock worth $2,133,000 after purchasing an additional 45,194 shares during the period. Jefferies Financial Group Inc. grew its position in Chime Financial by 1,355.0% during the third quarter. Jefferies Financial Group Inc. now owns 655,280 shares of the company’s stock valued at $17,457,000 after purchasing an additional 610,244 shares in the last quarter. Finally, Machina Capital S.A.S. purchased a new position in Chime Financial during the third quarter valued at approximately $816,000.

More Chime Financial News

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

Chime Financial Company Profile

Chime Financial operates a digital financial services platform for consumers in the United States. Through its mobile app, the company offers spending and savings accounts, debit cards and tools for managing money. Its products also include credit-building services and features designed to help customers access direct deposits and avoid certain common banking fees.

Founded in 2012 by Chris Britt and Ryan King, Chime is a financial technology company, not a bank. Banking services are provided through partner banks, including The Bancorp Bank, N.A., and Stride Bank, N.A.