Chime Financial (NASDAQ:CHYM) Shares Break Above Fifty Day Moving Average – Should You Sell?

Chime Financial, Inc. (NASDAQ:CHYM) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 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 traded.

Trending Headlines about Chime Financial

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

• Positive Sentiment: Chime reported Q3 revenue growth of 32% year over year and earnings that beat analysts’ expectations. The quarter marked its third consecutive GAAP profit, with lending cited as a key growth driver. Q3 earnings results
• Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million, indicating continued growth. Q4 forecast and Stride deal update
• Positive Sentiment: Several firms raised their targets: Goldman Sachs to $43 and kept a Buy rating; JPMorgan to $40 with an Overweight rating; and Scotiabank to $44 with a Sector Outperform rating. Goldman Sachs rating JPMorgan rating Scotiabank rating
• Positive Sentiment: UBS also raised its target, from $31 to $34, though it maintained a Neutral rating. UBS rating
• Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027; the deal adds a future milestone, but its completion remains ahead. Stride transaction update

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CHYM shares. JPMorgan Chase & Co. raised their price objective on Chime Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of Chime Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $35.00 in a report on Thursday, October 8th. Keefe, Bruyette & Woods increased their price target on shares of Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Monness Crespi & Hardt initiated coverage on shares of Chime Financial in a report on Monday, October 26th. They issued a “neutral” rating on the stock. Finally, UBS Group restated a “buy” rating on shares of Chime Financial in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.47.

Chime Financial Trading Up 3.8%

The company has a 50-day moving average of $29.94 and a 200-day moving average of $23.90. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 164.90 and a beta of 0.74.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%. The company had revenue of $718.00 million during the quarter. During the same quarter last year, the business posted ($0.15) earnings per share. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, research analysts expect that Chime Financial, Inc. will post 0.47 EPS for the current year.

Insider Buying and Selling

In other Chime Financial news, major shareholder Global Advisors Ltd Dst sold 3,216,189 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $33.99, for a total transaction of $109,318,264.11. Following 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 document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Adam B. Frankel sold 102,002 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $33.31, for a total transaction of $3,397,686.62. Following the completion of the transaction, the general counsel directly owned 364,828 shares of the company’s stock, valued at approximately $12,152,420.68. This represents a 21.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,496,294 shares of company stock worth $543,320,549 over the last ninety days. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Chime Financial

A number of large investors have recently made changes to their positions in CHYM. Arrowstreet Capital Limited Partnership increased its position in shares of Chime Financial by 2,720.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after acquiring an additional 2,658,816 shares during the period. Spyglass Capital Management LLC lifted its position in Chime Financial by 162.6% during the 2nd quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock worth $69,760,000 after acquiring an additional 2,109,057 shares during the period. Lunate Capital Ltd purchased a new stake in Chime Financial during the 3rd quarter valued at about $48,212,000. Ranger Investment Management L.P. purchased a new stake in Chime Financial during the 2nd quarter valued at about $24,344,000. Finally, Renaissance Technologies LLC purchased a new stake in Chime Financial during the 1st quarter valued at about $15,334,000.

Chime Financial Company Profile

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.