Chime Financial (NASDAQ:CHYM) Sees Unusually-High Trading Volume – Here’s What Happened

Chime Financial, Inc. (NASDAQ:CHYM) saw an uptick in trading volume on Friday . 6,179,542 shares were traded during trading, an increase of 95% from the previous session’s volume of 3,171,953 shares.The stock last traded at $18.90 and had previously closed at $18.09.

Analyst Ratings Changes

CHYM has been the subject of several research analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 price objective on shares of Chime Financial in a report on Thursday, October 30th. Williams Trading set a $17.00 price objective on Chime Financial in a research report on Monday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Chime Financial in a research note on Thursday, July 17th. They set a “hold” rating and a $35.00 target price for the company. Keefe, Bruyette & Woods reduced their target price on shares of Chime Financial from $42.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Finally, Jefferies Financial Group started coverage on shares of Chime Financial in a report on Monday. They issued a “hold” rating and a $17.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chime Financial presently has an average rating of “Moderate Buy” and an average price target of $31.93.

Chime Financial Stock Performance

The stock’s fifty day moving average is $21.13.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.34) EPS. Chime Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Institutional Investors Weigh In On Chime Financial

Large investors have recently modified their holdings of the company. MADDEN SECURITIES Corp purchased a new position in Chime Financial in the 2nd quarter worth approximately $582,000. Board of Trustees of The Leland Stanford Junior University purchased a new stake in shares of Chime Financial during the second quarter valued at about $1,453,000. Jennison Associates LLC acquired a new position in shares of Chime Financial during the second quarter valued at about $3,766,000. Claro Advisors LLC acquired a new stake in shares of Chime Financial during the second quarter worth about $402,000. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Chime Financial in the second quarter worth about $207,000.

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.