50,000 Shares in Reddit Inc. $RDDT Acquired by Metavasi Capital LP

Key Points

• Metavasi Capital LP acquired 50,000 shares of Reddit Inc. (NYSE: RDDT) valued at approximately $5.25 million, making it the fund's 10th largest holding.
• Several large investors, including CWM LLC and CoreCap Advisors LLC, have significantly adjusted their holdings in Reddit, indicating increased interest in the stock.
• Equities analysts have raised their price targets for Reddit, with Morgan Stanley setting a new target of $230.00 and most analysts rating the stock as a "Moderate Buy."

Metavasi Capital LP purchased a new position in shares of Reddit Inc. (NYSE:RDDT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,000 shares of the company's stock, valued at approximately $5,245,000. Reddit accounts for approximately 3.3% of Metavasi Capital LP's holdings, making the stock its 10th largest holding.

Several other large investors have also modified their holdings of RDDT. CWM LLC grew its position in shares of Reddit by 100.0% during the first quarter. CWM LLC now owns 256 shares of the company's stock worth $27,000 after acquiring an additional 128 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in Reddit during the 4th quarter worth $49,000. Chelsea Counsel Co. acquired a new position in Reddit in the fourth quarter valued at $49,000. Stone House Investment Management LLC acquired a new position in Reddit in the first quarter valued at $31,000. Finally, CoreCap Advisors LLC raised its holdings in shares of Reddit by 3,500.0% in the fourth quarter. CoreCap Advisors LLC now owns 360 shares of the company's stock valued at $59,000 after buying an additional 350 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Morgan Stanley raised their price target on Reddit from $170.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $210.00 price objective on shares of Reddit in a research report on Friday, August 22nd. Raymond James Financial reissued a "strong-buy" rating and issued a $225.00 target price (up previously from $175.00) on shares of Reddit in a report on Friday, August 1st. Seaport Res Ptn upgraded Reddit from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 5th. Finally, Needham & Company LLC increased their price target on Reddit from $165.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.38.

Reddit Trading Down 0.1%

Shares of RDDT stock opened at $225.28 on Monday. The stock has a 50 day simple moving average of $178.21 and a 200-day simple moving average of $141.21. The company has a market cap of $42.16 billion, a price-to-earnings ratio of 204.80, a price-to-earnings-growth ratio of 3.57 and a beta of 2.38. Reddit Inc. has a 12-month low of $55.25 and a 12-month high of $253.14.

Reddit (NYSE:RDDT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.25. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The firm had revenue of $499.63 million for the quarter, compared to the consensus estimate of $424.07 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The company's revenue for the quarter was up 77.9% compared to the same quarter last year. Reddit has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity at Reddit

In related news, insider Benjamin Seong Lee sold 6,426 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $220.28, for a total transaction of $1,415,519.28. Following the sale, the insider owned 83,445 shares of the company's stock, valued at approximately $18,381,264.60. The trade was a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jennifer L. Wong sold 30,806 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $218.55, for a total transaction of $6,732,651.30. Following the completion of the transaction, the chief operating officer directly owned 1,326,709 shares of the company's stock, valued at approximately $289,952,251.95. This trade represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 468,777 shares of company stock worth $78,225,996. 34.25% of the stock is currently owned by insiders.

About Reddit

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.

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