Chime Financial (NASDAQ:CHYM) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Chime Financial (NASDAQ:CHYM) from a neutral rating to a buy rating in a research report report published on Monday, MarketBeat Ratings reports. The Goldman Sachs Group currently has $27.00 target price on the stock, up from their prior target price of $26.00.

Several other equities research analysts have also issued reports on the stock. UBS Group lowered their target price on shares of Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Williams Trading set a $17.00 target price on Chime Financial in a research note on Monday, November 3rd. Keefe, Bruyette & Woods reduced their price target on Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Piper Sandler decreased their price target on Chime Financial from $35.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Arete began coverage on Chime Financial in a research report on Tuesday, September 30th. They issued a “buy” rating and a $34.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.07.

Chime Financial Price Performance

CHYM stock opened at $22.53 on Monday. Chime Financial has a 52 week low of $16.17 and a 52 week high of $44.94. The company’s fifty day simple moving average is $19.54.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The business had revenue of $543.52 million during the quarter. The company’s revenue was up 28.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.34) earnings per share.

Hedge Funds Weigh In On Chime Financial

Several institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new position in shares of Chime Financial in the second quarter worth $33,000. Scopus Asset Management L.P. acquired a new stake in Chime Financial during the 2nd quarter worth about $34,000. Daiwa Securities Group Inc. purchased a new stake in Chime Financial during the 2nd quarter valued at about $40,000. Osaic Holdings Inc. purchased a new stake in Chime Financial during the 2nd quarter valued at about $45,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Chime Financial in the third quarter valued at about $50,000.

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.