Reddit Inc. $RDDT Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its stake in Reddit Inc. by 210.7%, owning approximately 0.17% of the company worth $32.9 million after acquiring 212,980 additional shares.
• Multiple research firms raised their target prices for Reddit shares, with Morgan Stanley increasing the target to $230.00 and several firms issuing ratings ranging from "Strong Buy" to "Sell."
• Reddit reported better-than-expected earnings, posting an EPS of $0.45 for the last quarter, which was significantly above the consensus estimate of $0.20, alongside a year-over-year revenue increase of 77.9%.

Jump Financial LLC increased its position in Reddit Inc. (NYSE:RDDT - Free Report) by 210.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 314,053 shares of the company's stock after acquiring an additional 212,980 shares during the period. Jump Financial LLC owned approximately 0.17% of Reddit worth $32,944,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CWM LLC increased its holdings in shares of Reddit by 100.0% in the 1st quarter. CWM LLC now owns 256 shares of the company's stock worth $27,000 after acquiring an additional 128 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of Reddit in the 4th quarter worth about $49,000. Chelsea Counsel Co. acquired a new position in Reddit during the 4th quarter valued at about $49,000. Stone House Investment Management LLC acquired a new position in Reddit during the 1st quarter valued at about $31,000. Finally, Quarry LP acquired a new position in Reddit during the 4th quarter valued at about $59,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on RDDT. JPMorgan Chase & Co. raised their target price on shares of Reddit from $145.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Sanford C. Bernstein raised their target price on shares of Reddit from $130.00 to $150.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. Bank of America raised their target price on shares of Reddit from $130.00 to $150.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Morgan Stanley raised their target price on shares of Reddit from $170.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Wolfe Research raised shares of Reddit to an "outperform" rating in a research note on Sunday, August 3rd. Two 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $175.38.

Reddit Trading Down 0.6%

NYSE:RDDT opened at $217.2850 on Friday. Reddit Inc. has a twelve month low of $55.02 and a twelve month high of $253.14. The company has a 50-day moving average of $169.82 and a 200-day moving average of $142.17. The firm has a market cap of $40.67 billion, a price-to-earnings ratio of 197.53, a price-to-earnings-growth ratio of 3.47 and a beta of 2.30.

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

Insiders Place Their Bets

In other Reddit news, insider Benjamin Seong Lee sold 6,426 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $220.28, for a total transaction of $1,415,519.28. Following the transaction, the insider directly owned 83,445 shares in the company, valued at $18,381,264.60. This trade represents 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 the SEC website. Also, CTO Christopher Brian Slowe sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $220.25, for a total value of $2,202,500.00. Following the completion of the transaction, the chief technology officer directly owned 212,534 shares in the company, valued at $46,810,613.50. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 411,004 shares of company stock worth $64,005,737 in the last 90 days. 34.25% of the stock is owned by corporate insiders.

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.

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