Chime Financial, Inc. Class A (CHYM) Receives a Buy from Wolfe Research
In a report released today, Darrin Peller from Wolfe Research maintained a Buy rating on Chime Financial, Inc. Class A, with a price target of $33.00.
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Peller covers the Technology sector, focusing on stocks such as Fiserv, Affirm Holdings, and Circle Internet Group, Inc. Class A. According to TipRanks, Peller has an average return of 9.1% and a 61.86% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chime Financial, Inc. Class A with a $32.55 average price target.
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.
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