B. Riley Financial Issues Positive Forecast for Chime Financial (NASDAQ:CHYM) Stock Price

Chime Financial (NASDAQ:CHYM) had its price objective raised by equities researchers at B. Riley Financial from $35.00 to $37.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial’s target price would suggest a potential upside of 16.65% from the stock’s current price.

Several other brokerages also recently issued reports on CHYM. Texas Capital upgraded shares of Chime Financial to a “strong-buy” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group increased their price target on shares of Chime Financial from $26.00 to $33.00 and gave the company a “buy” rating in a report on Thursday. Wolfe Research restated an “outperform” rating and set a $32.00 price objective on shares of Chime Financial in a report on Thursday. Wells Fargo & Company upped their price objective on shares of Chime Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Barclays began coverage on shares of Chime Financial in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $26.00 target price for the company. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.88.

Chime Financial Trading Up 22.4%

NASDAQ:CHYM traded up $5.80 during mid-day trading on Thursday, hitting $31.72. 6,700,154 shares of the company’s stock traded hands, compared to its average volume of 4,672,296. The firm has a 50 day moving average of $20.05 and a two-hundred day moving average of $20.74. Chime Financial has a 12 month low of $15.88 and a 12 month high of $33.99. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of -4.22 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $669.77 million for the quarter. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.During the same period last year, the business earned ($7.29) EPS. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. As a group, equities research analysts expect that Chime Financial will post 0.3 earnings per share for the current year.

Insider Activity at Chime Financial

In other news, General Counsel Adam B. Frankel sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $17.50, for a total value of $52,500.00. Following the transaction, the general counsel directly owned 303,795 shares of the company’s stock, valued at $5,316,412.50. The trade was a 0.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amine Asmerom sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the chief accounting officer owned 226,946 shares in the company, valued at approximately $5,673,650. This trade represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,000 shares of company stock worth $356,500 over the last three months. 12.30% of the stock is owned by company insiders.

Institutional Trading of Chime Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB acquired a new position in Chime Financial during the 2nd quarter worth about $1,358,000. Affinity Capital Advisors LLC acquired a new stake in Chime Financial in the 2nd quarter valued at about $325,000. AMS Capital Ltda bought a new position in shares of Chime Financial in the first quarter worth about $3,439,000. NewEdge Advisors LLC raised its stake in shares of Chime Financial by 61.8% in the first quarter. NewEdge Advisors LLC now owns 28,780 shares of the company’s stock worth $539,000 after acquiring an additional 10,997 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. acquired a new position in shares of Chime Financial during the first quarter worth approximately $798,000.

More Chime Financial News

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

• Positive Sentiment: Chime reported second-quarter EPS of $0.07, beating the consensus estimate of a $0.01 loss and improving sharply from a $7.29-per-share loss a year earlier. Revenue increased 26.8% year over year to $669.77 million, while management cited expanding margins and a second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management issued third-quarter revenue guidance of $680 million to $690 million, ahead of the $669.5 million analyst consensus. The company also raised its 2026 revenue-growth outlook, supported by demand for its digital banking products, Chime Prime, liquidity products, and employer partnerships. Chime Lifts 2026 Revenue Forecast
• Positive Sentiment: Analysts raised their views after the results: Keefe, Bruyette & Woods lifted its target to $35 and assigned an outperform rating, BMO raised its target to $32 with an outperform rating, and Goldman Sachs increased its target to $33 with a buy rating. Analyst Price Target Increases
• Neutral Sentiment: Chief Financial Officer Matt Newcomb is stepping down. The leadership transition could warrant monitoring, although it was announced alongside upbeat operating results.
• Neutral Sentiment: Chief Accounting Officer Amine Asmerom sold 10,000 shares for $250,000 under a pre-arranged Rule 10b5-1 trading plan. The planned transaction modestly reduced insider ownership but is not necessarily a bearish signal.

Chime Financial Company Profile

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.