Brokerages Set Reddit Inc. (NYSE:RDDT) PT at $175.38

Key Points

• Reddit Inc. has an average recommendation of “Moderate Buy” from analysts, with 13 buy, 9 hold, and 1 sell ratings among 25 analysts.
• The company reported a quarterly earnings per share of $0.45, significantly beating the consensus estimate of $0.20, and achieved revenue of $499.63 million.
• Insiders have sold a total of 482,777 shares of Reddit stock worth nearly $79.77 million over the past ninety days.

Reddit Inc. (NYSE:RDDT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-five brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, thirteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $175.3750.

Several analysts have issued reports on RDDT shares. Wells Fargo & Company lifted their price target on Reddit from $115.00 to $118.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $225.00 target price (up previously from $175.00) on shares of Reddit in a research report on Friday, August 1st. Wall Street Zen downgraded Reddit from a "buy" rating to a "hold" rating in a research report on Saturday. Seaport Res Ptn raised Reddit from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 5th. Finally, Argus began coverage on Reddit in a research report on Monday, August 18th. They issued a "buy" rating and a $250.00 target price on the stock.

Insiders Place Their Bets

In other Reddit news, CFO Andrew Vollero sold 30,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $117.64, for a total transaction of $3,529,200.00. Following the transaction, the chief financial officer owned 333,806 shares of the company's stock, valued at $39,268,937.84. The trade was a 8.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Christopher Brian Slowe sold 28,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $218.94, for a total value of $6,130,320.00. Following the transaction, the chief technology officer directly owned 222,534 shares in the company, valued at approximately $48,721,593.96. This trade represents a 11.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 468,777 shares of company stock worth $78,225,996 in the last three months. 34.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Reddit

A number of institutional investors have recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Reddit by 100.0% in the first quarter. CWM LLC now owns 256 shares of the company's stock valued at $27,000 after buying an additional 128 shares during the period. Stone House Investment Management LLC bought a new stake in Reddit during the first quarter worth $31,000. Financial Perspectives Inc bought a new stake in Reddit during the second quarter worth $34,000. Geneos Wealth Management Inc. lifted its stake in Reddit by 344.6% during the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company's stock worth $39,000 after purchasing an additional 286 shares during the last quarter. Finally, Canton Hathaway LLC bought a new stake in Reddit during the first quarter worth $43,000.

Reddit Trading Down 0.1%

NYSE RDDT traded down $0.26 during trading hours on Thursday, reaching $225.28. 3,918,539 shares of the company's stock were exchanged, compared to its average volume of 7,040,227. The stock has a market cap of $42.16 billion, a PE ratio of 204.80, a price-to-earnings-growth ratio of 3.57 and a beta of 2.38. Reddit has a one year low of $55.25 and a one year high of $253.14. The firm has a fifty day moving average of $178.21 and a 200-day moving average of $141.21.

Reddit (NYSE:RDDT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.45 EPS 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 analyst estimates of $424.07 million. During the same period last year, the company earned ($0.06) EPS. The business's quarterly revenue was up 77.9% compared to the same quarter last year. Reddit has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Reddit will post 1.12 EPS for the current year.

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.