Research Analysts Set Expectations for Reddit Q1 Earnings

Reddit, Inc. (NYSE:RDDT - Free Report) - Stock analysts at B. Riley lifted their Q1 2025 EPS estimates for Reddit in a research note issued to investors on Thursday, February 13th. B. Riley analyst N. Khan now forecasts that the company will earn $0.09 per share for the quarter, up from their previous forecast of $0.02. B. Riley has a "Buy" rating and a $187.00 price target on the stock. The consensus estimate for Reddit's current full-year earnings is $1.12 per share. B. Riley also issued estimates for Reddit's FY2025 earnings at $1.12 EPS, FY2027 earnings at $2.77 EPS, FY2028 earnings at $3.90 EPS and FY2029 earnings at $5.30 EPS.

RDDT has been the topic of several other research reports. Morgan Stanley increased their price objective on shares of Reddit from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Loop Capital increased their target price on Reddit from $180.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. The Goldman Sachs Group raised their target price on Reddit from $105.00 to $176.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Bank of America upped their price target on shares of Reddit from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, JMP Securities boosted their target price on shares of Reddit from $190.00 to $200.00 and gave the company a "market outperform" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy 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 $175.45.

Reddit Price Performance

Shares of RDDT stock traded down $14.48 on Monday, hitting $175.18. 10,564,402 shares of the stock traded hands, compared to its average volume of 5,911,123. The company has a market capitalization of $30.76 billion and a PE ratio of -22.66. The company's fifty day moving average is $184.02 and its 200 day moving average is $122.04. Reddit has a 1-year low of $37.35 and a 1-year high of $230.41.

Reddit (NYSE:RDDT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.12. Reddit had a negative return on equity of 24.71% and a negative net margin of 37.25%.

Insider Transactions at Reddit

In other news, CTO Christopher Brian Slowe sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $184.15, for a total transaction of $920,750.00. Following the sale, the chief technology officer now owns 35,252 shares in the company, valued at $6,491,655.80. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer L. Wong sold 33,334 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $173.93, for a total transaction of $5,797,782.62. Following the completion of the sale, the chief operating officer now owns 1,504,297 shares of the company's stock, valued at approximately $261,642,377.21. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 212,024 shares of company stock valued at $35,086,431 in the last three months.

Institutional Trading of Reddit

Several large investors have recently added to or reduced their stakes in RDDT. Jennison Associates LLC purchased a new stake in Reddit in the 4th quarter worth about $494,861,000. Renaissance Capital LLC lifted its position in Reddit by 14.2% in the 4th quarter. Renaissance Capital LLC now owns 31,236 shares of the company's stock worth $5,105,000 after buying an additional 3,892 shares in the last quarter. ARK Investment Management LLC boosted its stake in shares of Reddit by 120.5% during the 3rd quarter. ARK Investment Management LLC now owns 352,721 shares of the company's stock valued at $23,251,000 after buying an additional 192,785 shares during the period. Wellington Management Group LLP grew its holdings in shares of Reddit by 3,640.5% during the 3rd quarter. Wellington Management Group LLP now owns 255,325 shares of the company's stock valued at $16,831,000 after acquiring an additional 248,499 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of Reddit by 666.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,300 shares of the company's stock worth $376,000 after acquiring an additional 2,000 shares during the last quarter.

Reddit Company Profile

Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.