Chime Financial (NASDAQ:CHYM) Price Target Raised to $40.00

Chime Financial (NASDAQ:CHYM) had its price target lifted by KeyCorp from $33.00 to $40.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. BMO Capital Markets lifted their price objective on Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Morgan Stanley boosted their price objective on Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Scotiabank began coverage on shares of Chime Financial in a research report on Wednesday, September 2nd. They set a “sector outperform” rating and a $40.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Chime Financial Price Performance

CHYM opened at $33.00 on Wednesday. The stock has a market capitalization of $12.49 billion, a P/E ratio of -471.36 and a beta of 0.60. The company’s 50 day simple moving average is $27.73 and its 200-day simple moving average is $22.50. Chime Financial has a one year low of $15.88 and a one year high of $35.55.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings data 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 1.28%. The firm had revenue of $669.77 million during the quarter. During the same quarter last year, the firm earned ($7.29) EPS. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. As a group, analysts anticipate that Chime Financial will post 0.44 EPS for the current year.

Insider Activity

In other news, CAO Amine Asmerom sold 19,505 shares of Chime Financial stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $32.94, for a total transaction of $642,494.70. Following the transaction, the chief accounting officer directly owned 280,975 shares of the company’s stock, valued at $9,255,316.50. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $35.03, for a total transaction of $2,088,838.90. Following the transaction, the insider directly owned 368,812 shares in the company, valued at approximately $12,919,484.36. This represents a 13.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 14,001,346 shares of company stock valued at $455,248,155. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. bought a new stake in shares of Chime Financial in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial during the second quarter worth about $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial during the 2nd quarter valued at about $34,000. Caitong International Asset Management Co. Ltd grew its position in shares of Chime Financial by 686.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock valued at $37,000 after purchasing an additional 1,276 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Chime Financial in the 2nd quarter valued at approximately $40,000.

More Chime Financial News

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

• Positive Sentiment: Chime agreed to acquire Stride Bank, its longtime banking partner, for approximately $590 million in cash. Owning a nationally chartered bank could reduce partner fees and funding costs, improve control over lending and compliance, and generate more than $100 million in annual savings. The transaction is expected to be accretive to earnings after its anticipated first-half 2027 closing. Stride Bank acquisition article
• Positive Sentiment: Management raised its outlook, projecting third-quarter revenue of approximately $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion. Full-year adjusted EBITDA guidance increased to $481 million-$489 million, supporting the investment case.
• Positive Sentiment: Analyst sentiment strengthened. KeyCorp raised its price target to $40, Scotiabank to $42, and Loop Capital initiated coverage with a Buy rating and a $45 target. Other firms, including Morgan Stanley, Piper Sandler and UBS, also reportedly increased targets, while Zacks added CHYM to its Strong Buy momentum list. KeyCorp price target article
• Neutral Sentiment: The Stride transaction requires regulatory approval and will expose Chime to bank capital requirements, federal oversight and integration risks. Investors will also monitor whether the bank remains below the $10 billion asset threshold, which affects debit-card interchange economics.
• Negative Sentiment: Valuation appears stretched after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating despite raising its target to $31, indicating some analysts see limited upside at elevated levels.
• Negative Sentiment: Insiders continued to sell shares. Major shareholder Global Advisors Ltd Dst sold 59,630 shares for about $2.09 million, while Ryan King sold 42,421 shares for approximately $1.49 million. Chief Accounting Officer Amine Asmerom also sold 19,505 shares for about $642,000. The executive sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals.

About Chime Financial

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.