Chime Financial (NASDAQ:CHYM) Price Target Lowered to $30.00 at Piper Sandler

by · The Cerbat Gem

Chime Financial (NASDAQ:CHYM – Free Report) had its price objective reduced by Piper Sandler from $35.00 to $30.00 in a report issued on Thursday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target on Chime Financial from $42.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. The Goldman Sachs Group lowered their price target on Chime Financial from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Arete Research raised shares of Chime Financial to a “strong-buy” rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Chime Financial in a research note on Thursday, July 17th. They issued a “hold” rating and a $35.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Chime Financial in a report on Monday. They set a “hold” rating and a $17.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.93.

Check Out Our Latest Report on Chime Financial

Chime Financial Trading Up 12.4%

Shares of CHYM stock traded up $2.25 during midday trading on Thursday, reaching $20.34. 12,976,747 shares of the company were exchanged, compared to its average volume of 3,246,614. Chime Financial has a 12 month low of $16.17 and a 12 month high of $44.94. The business has a 50 day simple moving average of $21.01.

Chime Financial (NASDAQ:CHYM – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The firm had revenue of $543.52 million for the quarter. The company’s revenue was up 28.8% on a year-over-year basis. During the same period last year, the firm posted ($0.34) earnings per share. Chime Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in Chime Financial during the third quarter worth $347,000. Vanguard Group Inc. lifted its holdings in shares of Chime Financial by 160.4% during the 3rd quarter. Vanguard Group Inc. now owns 781,140 shares of the company’s stock worth $15,756,000 after acquiring an additional 481,140 shares during the period. Caprock Group LLC bought a new stake in Chime Financial in the third quarter valued at about $1,649,000. Rhumbline Advisers bought a new stake in Chime Financial in the third quarter valued at about $139,000. Finally, Money Concepts Capital Corp acquired a new position in Chime Financial in the third quarter worth about $807,000.

About Chime Financial

(Get Free Report)

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.

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