Reddit Inc. (NYSE:RDDT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Reddit Inc. has received a consensus rating of "Moderate Buy" from 25 analysts, with the average 12-month price target set at $197.88.
• Insiders, including CTO Christopher Slowe and COO Jennifer Wong, sold significant amounts of stock recently, indicating changes in their ownership with notable transactions occurring at prices around $218.94 and $220.38.
• In its latest earnings report, Reddit exceeded expectations with $0.45 EPS compared to estimates of $0.20, and showed a year-over-year revenue increase of 77.9%.

Shares of Reddit Inc. (NYSE:RDDT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-five analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $197.8750.

A number of equities analysts recently weighed in on RDDT shares. Wolfe Research upgraded shares of Reddit to an "outperform" rating in a report on Sunday, August 3rd. Roth Capital upped their price objective on shares of Reddit from $130.00 to $145.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Piper Sandler upped their price objective on shares of Reddit from $210.00 to $290.00 and gave the company an "overweight" rating in a report on Thursday. Citigroup reiterated an "outperform" rating on shares of Reddit in a report on Thursday. Finally, Jefferies Financial Group upped their price objective on shares of Reddit from $230.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, September 10th.

Insider Activity at Reddit

In other news, CTO Christopher Brian Slowe sold 28,000 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $218.94, for a total value of $6,130,320.00. Following the completion of the sale, the chief technology officer owned 222,534 shares of the company's stock, valued at approximately $48,721,593.96. The trade was a 11.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jennifer L. Wong sold 40,967 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $220.38, for a total transaction of $9,028,307.46. Following the completion of the sale, the chief operating officer directly owned 120,033 shares of the company's stock, valued at approximately $26,452,872.54. The trade was a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 344,126 shares of company stock valued at $71,345,839 in the last ninety days. Company insiders own 34.25% of the company's stock.

Institutional Investors Weigh In On Reddit

A number of institutional investors have recently modified their holdings of RDDT. CWM LLC boosted its position 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 acquiring an additional 128 shares during the period. Stone House Investment Management LLC bought a new stake in Reddit during the first quarter worth about $31,000. Financial Perspectives Inc bought a new stake in Reddit during the second quarter worth about $34,000. Geneos Wealth Management Inc. lifted its position 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 period. Finally, Canton Hathaway LLC bought a new stake in Reddit during the first quarter worth about $43,000.

Reddit Stock Down 1.8%

Shares of RDDT stock opened at $265.75 on Monday. The company's fifty day simple moving average is $208.28 and its 200-day simple moving average is $149.27. The firm has a market cap of $49.74 billion, a PE ratio of 241.59, a P/E/G ratio of 4.16 and a beta of 2.38. Reddit has a 12 month low of $63.60 and a 12 month high of $282.95.

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, topping analysts' consensus estimates of $0.20 by $0.25. The business had revenue of $499.63 million for the quarter, compared to analyst estimates of $424.07 million. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The firm's revenue for the quarter was up 77.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. Reddit has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Reddit will post 1.12 earnings per share for the current fiscal 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.

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