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

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 mid-day trading, an increase of 78% from the average session volume of 4,918,979 shares. The stock had previously closed at $31.25.

Chime Financial News Summary

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

• Positive Sentiment: Chime reported second-quarter earnings of $0.07 per share, versus the consensus estimate of a $0.01 loss. Revenue increased 26.8% year over year to $669.77 million, supported by stronger user engagement and continued adoption of its digital banking and lending products. Chime Financial stock surges after strong Q2 beat
• Positive Sentiment: Management forecast third-quarter revenue of approximately $680 million to $690 million and projected 2026 revenue of $2.725 billion to $2.745 billion, reinforcing expectations for continued growth. Direct-deposit relationships are also helping Chime expand into lending and other financial products. Chime forecasts 2026 revenue and workforce reduction
• Positive Sentiment: Several analysts raised their price targets after the earnings release. Barclays increased its target to $33 and kept an overweight rating; Morgan Stanley raised its target to $33 with an overweight rating; Piper Sandler raised its target to $35; and BMO, Goldman Sachs, KBW, B. Riley and Canaccord also issued higher targets, with Canaccord at $45 and a buy rating. Analyst price-target updates
• Neutral Sentiment: UBS raised its target to $28 but retained a neutral rating, implying the shares may already reflect much of the improved outlook. UBS Chime Financial price target
• Negative Sentiment: Chime plans to reduce its workforce by roughly 10%. While the move could improve efficiency and profitability, it may signal tighter expense controls and create execution or morale risks. The planned departure of CFO Matt Newcomb adds another leadership-transition concern.
• Neutral Sentiment: Chief Accounting Officer Amine Asmerom sold 10,000 shares for $250,000 under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance and represents only 4.22% of his holdings, it is a limited signal.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CHYM shares. Weiss Ratings raised shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Texas Capital raised shares of Chime Financial to a “strong-buy” rating in a research note on Tuesday, April 14th. BMO Capital Markets raised their price objective on shares of Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays lifted their price objective on Chime Financial from $26.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Compass Point upgraded Chime Financial from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $33.00 to $27.00 in a report on Monday, April 13th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.06.

Chime Financial Trading Down 6.9%

The stock’s fifty day moving average price is $20.52 and its 200 day moving average price is $20.83. The stock has a market cap of $11.09 billion, a P/E ratio of -415.65 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) 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 company had revenue of $669.77 million during the quarter. During the same quarter in the previous year, the business earned ($7.29) earnings per share. The firm’s revenue was up 26.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Chime Financial, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other Chime Financial news, CAO Amine Asmerom sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were 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 owned 226,946 shares of the company’s stock, valued at approximately $5,673,650. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Adam B. Frankel sold 3,000 shares of Chime Financial stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $17.50, for a total transaction of $52,500.00. Following the transaction, the general counsel owned 303,795 shares of the company’s stock, valued at $5,316,412.50. The trade was a 0.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,000 shares of company stock valued at $356,500 in the last ninety days. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new stake in Chime Financial in the second quarter worth $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial during the second quarter valued at $34,000. PNC Financial Services Group Inc. purchased a new position in shares of Chime Financial in the 4th quarter worth about $25,000. Daiwa Securities Group Inc. purchased a new position in shares of Chime Financial in the 2nd quarter worth about $40,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in 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 worth $37,000 after purchasing an additional 1,276 shares in the last quarter.

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.