Chime Financial (NASDAQ:CHYM) Stock Price Down 6.2% – What’s Next?

Chime Financial, Inc. (NASDAQ:CHYM) was down 6.2% during trading on Friday . The stock traded as low as $29.32 and last traded at $29.3010. 8,763,638 shares were traded during trading, an increase of 78% from the average daily volume of 4,918,979 shares. The stock had previously closed at $31.25.

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, compared with the consensus estimate of a $0.01 loss. Revenue increased 26.8% year over year to $669.77 million, and the company delivered its second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter revenue guidance of $680 million to $690 million exceeded the $669.5 million analyst consensus, suggesting continued momentum in user engagement, direct-deposit adoption, Chime Prime and lending-related products. Chime Financial Q2 Earnings Metrics
• Positive Sentiment: Several analysts raised their targets after the results. Canaccord lifted its target to $45, B. Riley to $37, Piper Sandler and KBW to $35, and Barclays, Morgan Stanley and Goldman Sachs to $33. Most maintained positive ratings, reinforcing the bullish earnings reaction. Analyst Price Target Changes
• Neutral Sentiment: Chime raised its 2026 revenue outlook to approximately $2.725 billion to $2.745 billion, broadly consistent with expectations. However, CFO Matt Newcomb is stepping down, creating a leadership-transition risk. Chime Revenue Forecast and CFO Departure
• Negative Sentiment: The company plans to reduce its workforce by roughly 10%. The move may improve operating efficiency and margins, but it also signals a cost-cutting effort and could raise concerns about execution or growth investment. Chime Workforce Reduction and Revenue Forecast

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CHYM. BMO Capital Markets boosted their price target on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday. Wolfe Research restated an “outperform” rating and set a $32.00 price objective on shares of Chime Financial in a research report on Thursday. Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods increased 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. Finally, Wells Fargo & Company raised their price target on Chime Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.06.

Chime Financial Stock Performance

The stock’s 50 day moving average price is $20.31 and its 200-day moving average price is $20.77. The company has a market cap of $11.21 billion, a PE ratio of -420.34 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.27%. The business had revenue of $669.77 million during the quarter. During the same period in the prior year, the firm earned ($7.29) earnings per share. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, analysts anticipate that Chime Financial, Inc. will post 0.3 EPS for the current year.

Insider Activity

In other news, General Counsel Adam B. Frankel sold 3,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $17.50, for a total transaction of $52,500.00. Following the completion of the sale, the general counsel owned 303,795 shares of the company’s stock, valued at approximately $5,316,412.50. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amine Asmerom sold 10,000 shares of Chime Financial stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer directly owned 226,946 shares in the company, valued at approximately $5,673,650. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 16,000 shares of company stock valued at $356,500 over the last 90 days. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in Chime Financial in the second quarter worth $693,000. Legal & General Group Plc purchased a new position in shares of Chime Financial during the second quarter valued at about $136,000. Russell Investments Group Ltd. bought a new position in Chime Financial in the second quarter worth about $958,000. EverSource Wealth Advisors LLC purchased a new position in shares of Chime Financial during the 2nd quarter worth approximately $33,000. Finally, Marshall Wace LLP bought a new position in shares of Chime Financial in the 2nd quarter worth approximately $9,087,000.

About Chime Financial

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.