Chime Financial, Inc. Class A (CHYM) Receives a Rating Update from a Top Analyst
KBW analyst Sanjay Sakhrani maintained a Buy rating on Chime Financial, Inc. Class A on January 2 and set a price target of $35.00. The company’s shares closed last Friday at $26.40.
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According to TipRanks, Sakhrani is a top 100 analyst with an average return of 17.4% and a 73.89% success rate. Sakhrani covers the Financial sector, focusing on stocks such as American Express, SLM, and Bread Financial Holdings.
Chime Financial, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of $32.20.
Based on Chime Financial, Inc. Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $543.52 million and a GAAP net loss of $54.72 million. In comparison, last year the company earned a revenue of $391.97 million and had a net profit of $15.9 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CHYM in relation to earlier this year. Last month, James Feuille, a Director at CHYM sold 7,229.00 shares for a total of $179,423.78.
