Chime Financial (NASDAQ:CHYM) Given New $31.00 Price Target at UBS Group

Chime Financial (NASDAQ:CHYM) had its target price hoisted by equities research analysts at UBS Group from $28.00 to $31.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential downside of 8.96% from the stock’s previous close.

CHYM has been the subject of several other reports. The Goldman Sachs Group upped their price objective on Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Piper Sandler raised their price objective on shares of Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Wolfe Research lifted their price objective on shares of Chime Financial from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Finally, Freedom Capital raised shares of Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.90.

Chime Financial Stock Performance

Shares of NASDAQ:CHYM traded up $1.74 during trading on Wednesday, hitting $34.05. The company’s stock had a trading volume of 8,051,091 shares, compared to its average volume of 5,297,995. The company has a market capitalization of $12.89 billion, a PE ratio of -485.89 and a beta of 0.60. The business has a 50 day moving average price of $26.98 and a two-hundred day moving average price of $22.25. Chime Financial has a fifty-two week low of $15.88 and a fifty-two week high of $35.55.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The firm had revenue of $669.77 million during the quarter. During the same period in the previous year, the firm earned ($7.29) earnings per share. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, equities analysts expect that Chime Financial will post 0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Christopher Britt sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $32.04, for a total transaction of $6,408,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Global Advisors Ltd Dst sold 1,168,667 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $33.04, for a total value of $38,612,757.68. Following the sale, the insider owned 369,370 shares in the company, valued at approximately $12,203,984.80. The trade was a 75.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 13,879,790 shares of company stock valued at $451,025,723. Insiders own 12.30% of the company’s stock.

Institutional Trading of Chime Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AMS Capital Ltda purchased a new stake in Chime Financial in the 1st quarter valued at about $3,439,000. Arrowstreet Capital Limited Partnership raised its stake 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. Hsbc Holdings PLC purchased a new position in Chime Financial in the fourth quarter valued at about $1,274,000. Brown University lifted its position in Chime Financial by 99.0% during the 1st quarter. Brown University now owns 204,625 shares of the company’s stock worth $3,833,000 after acquiring an additional 101,820 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Chime Financial by 115.0% during the first quarter. Bank of America Corp DE now owns 319,579 shares of the company’s stock worth $5,986,000 after purchasing an additional 170,941 shares in the last quarter.

Chime Financial News Summary

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

• Positive Sentiment: Chime agreed to acquire Stride Bank for $590 million in cash. Stride is Chime’s longtime banking partner and holds a national charter; after closing, it is expected to become Chime Bank, N.A., a wholly owned subsidiary. The deal may reduce reliance on outside banking partners, improve control over lending economics, and produce more than $100 million in potential net synergies. Chime Announces Agreement to Acquire Stride Bank
• Positive Sentiment: The company raised its full-year 2026 revenue guidance to as much as $2.77 billion, reinforcing the investment case for stronger growth following better-than-expected second-quarter results. Chime Financial to Buy Stride and Raise Guidance
• Positive Sentiment: Analysts became more constructive: Canaccord raised its price target from $45 to $50 with a Buy rating, while Barclays and KeyCorp lifted targets to $40 and maintained Overweight ratings. Loop Capital initiated coverage with a Buy rating and a $45 target. Zacks Momentum Stocks List
• Positive Sentiment: Zacks added CHYM to its Rank #1 Strong Buy momentum list, adding to the stock’s recent momentum appeal. Zacks Chime Momentum Analysis
• Neutral Sentiment: The acquisition remains subject to closing conditions and regulatory approvals. Chime must also execute the integration successfully and absorb the substantial cash outlay, creating potential near-term uncertainty despite the strategic benefits. Reuters Stride Bank Acquisition Report

Chime Financial Company Profile

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.