Chime Financial (NASDAQ:CHYM) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Chime Financial, Inc. (NASDAQ:CHYM)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $29.98 and traded as high as $32.19. Chime Financial shares last traded at $30.18, with a volume of 8,299,697 shares changing hands.

Trending Headlines about Chime Financial

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

• Positive Sentiment: Q3 results beat estimates: Chime reported earnings of $0.11 per share, above the $0.09 consensus estimate, while revenue rose 32.1% year over year to $718 million. Coverage also described this as the company’s third consecutive GAAP-profitable quarter. Article: Chime Financial Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Stronger revenue outlook: Chime raised its annual revenue forecast, citing robust demand, and projected fourth-quarter revenue of $757 million to $767 million. The improved outlook signals continued business momentum. Article: Chime Raises Annual Revenue Forecast on Robust Demand
• Positive Sentiment: Analysts raised price targets: JPMorgan lifted its target to $40 and maintained an overweight rating; Goldman Sachs raised its target to $43 with a buy rating; Scotiabank raised its target to $44 with a sector-outperform rating; and UBS increased its target to $34 while keeping a neutral rating. The revisions reflect improved analyst expectations, though UBS remains cautious. JPMorgan analyst recommendations
• Neutral Sentiment: Stride deal timing: Chime is targeting completion of its Stride transaction in the first half of 2027. The longer timeline leaves execution and closing risks ahead. Article: Chime Forecasts Q4 Revenue and Targets Stride Close

Wall Street Analysts Forecast Growth

CHYM has been the topic of several recent analyst reports. Barclays lifted their target price on shares of Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. UBS Group restated a “buy” rating on shares of Chime Financial in a report on Thursday. Wolfe Research raised their price target on Chime Financial from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. B. Riley Financial lifted their price objective on Chime Financial from $37.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Finally, Morgan Stanley lifted their price objective on Chime Financial from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.47.

Chime Financial Trading Up 1.0%

The firm has a fifty day simple moving average of $29.98 and a 200 day simple moving average of $23.87. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 158.85 and a beta of 0.74.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $718.00 million for the quarter. Chime Financial had a return on equity of 6.87% and a net margin of 3.05%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. On average, equities analysts expect that Chime Financial, Inc. will post 0.46 earnings per share for the current year.

Insider Transactions at Chime Financial

In other news, major shareholder Global Advisors Ltd Dst sold 3,216,189 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $33.99, for a total value of $109,318,264.11. Following the completion of the transaction, the insider owned 336,798 shares in the company, valued at approximately $11,447,764.02. This represents a 90.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Feuille sold 256,837 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $32.33, for a total transaction of $8,303,540.21. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 16,432,912 shares of company stock worth $541,335,425. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in shares of Chime Financial by 129.6% in the 3rd quarter. Fifth Third Bancorp now owns 80,077 shares of the company’s stock worth $2,133,000 after purchasing an additional 45,194 shares during the last quarter. Jefferies Financial Group Inc. increased its position in shares of Chime Financial by 1,355.0% during the 3rd quarter. Jefferies Financial Group Inc. now owns 655,280 shares of the company’s stock worth $17,457,000 after purchasing an additional 610,244 shares in the last quarter. Machina Capital S.A.S. bought a new position in Chime Financial during the 3rd quarter valued at about $816,000. Lunate Capital Ltd bought a new position in Chime Financial during the 3rd quarter valued at about $48,212,000. Finally, Lido Advisors LLC bought a new position in Chime Financial during the 3rd quarter valued at about $201,000.

About Chime Financial

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime’s products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.