Chime Financial (NASDAQ:CHYM) Price Target Raised to $34.00

Chime Financial (NASDAQ:CHYM) had its price objective hoisted by UBS Group from $31.00 to $34.00 in a research report released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on CHYM. Wells Fargo & Company lifted their price target on shares of Chime Financial from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday. B. Riley Financial increased their price objective on Chime Financial from $37.00 to $44.00 and gave the company a “buy” rating in a report on Monday, September 14th. Morgan Stanley increased their price objective on Chime Financial from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, September 9th. Piper Sandler raised their target price on Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 9th. Finally, Keefe, Bruyette & Woods boosted 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. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.47.

Chime Financial Stock Performance

Shares of CHYM stock opened at $31.33 on Thursday. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 164.90 and a beta of 0.74. Chime Financial has a 52 week low of $15.88 and a 52 week high of $35.55. The firm’s 50-day simple moving average is $29.94 and its two-hundred day simple moving average is $23.90.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Chime Financial had a net margin of 3.05% and a return on equity of 6.87%. The firm had revenue of $718.00 million during the quarter. During the same period in the prior year, the company earned ($0.15) earnings per share. The firm’s revenue was up 32.1% on a year-over-year basis. Analysts forecast that Chime Financial will post 0.47 earnings per share for the current year.

Insider Buying and Selling at Chime Financial

In other Chime Financial news, major shareholder Global Advisors Ltd Dst sold 3,216,189 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $33.99, for a total transaction of $109,318,264.11. Following the completion of the transaction, the insider 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ryan King sold 63,382 shares of Chime Financial stock in a transaction dated 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 completion of the transaction, the insider owned 37,812 shares of the company’s stock, valued at $1,184,271.84. The trade was a 62.63% decrease in their position. 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. Over the last 90 days, insiders sold 16,496,294 shares of company stock valued at $543,320,549. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Diversified Trust Co grew 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 valued at $962,000 after buying an additional 16,103 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Chime Financial by 48.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 761,436 shares of the company’s stock valued at $20,285,000 after acquiring an additional 248,925 shares during the period. Fifth Third Bancorp raised its holdings in Chime Financial by 129.6% during the 3rd quarter. Fifth Third Bancorp now owns 80,077 shares of the company’s stock valued at $2,133,000 after acquiring an additional 45,194 shares during the period. Jefferies Financial Group Inc. lifted its position in shares of Chime Financial by 1,355.0% during 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 stake in shares of Chime Financial during the third quarter worth $816,000.

Chime Financial News Summary

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.