Reddit (NYSE:RDDT) Issues Earnings Results, Beats Estimates By $0.11 EPS

Reddit (NYSE:RDDT - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11, Zacks reports. Reddit had a negative net margin of 37.25% and a negative return on equity of 24.71%. The company had revenue of $392.36 million for the quarter, compared to the consensus estimate of $370.55 million. During the same period in the previous year, the firm posted ($8.19) EPS. Reddit's revenue for the quarter was up 61.5% compared to the same quarter last year. Reddit updated its Q2 2025 guidance to EPS.

Reddit Stock Down 4.9 %

Shares of NYSE:RDDT traded down $5.78 during midday trading on Friday, reaching $113.01. The company's stock had a trading volume of 29,544,738 shares, compared to its average volume of 5,825,602. The stock has a fifty day moving average of $116.82 and a 200 day moving average of $143.22. Reddit has a twelve month low of $46.75 and a twelve month high of $230.41. The firm has a market capitalization of $20.44 billion, a PE ratio of -14.62, a P/E/G ratio of 4.72 and a beta of 2.89.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RDDT shares. The Goldman Sachs Group upped their target price on shares of Reddit from $124.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday. Roth Mkm boosted their target price on Reddit from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Friday. Piper Sandler restated an "overweight" rating and issued a $150.00 price target (up from $140.00) on shares of Reddit in a research report on Friday. Truist Financial assumed coverage on shares of Reddit in a research report on Monday, April 7th. They set a "buy" rating and a $150.00 price objective on the stock. Finally, Seaport Res Ptn upgraded shares of Reddit to a "hold" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Reddit has an average rating of "Moderate Buy" and an average price target of $142.30.

Insider Activity at Reddit

In other Reddit news, CEO Steve Ladd Huffman sold 14,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $187.78, for a total value of $2,628,920.00. Following the completion of the transaction, the chief executive officer now directly owns 614,394 shares of the company's stock, valued at approximately $115,370,905.32. The trade was a 2.23 % 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, CTO Christopher Brian Slowe sold 5,068 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $111.28, for a total transaction of $563,967.04. Following the sale, the chief technology officer now directly owns 20,184 shares in the company, valued at $2,246,075.52. The trade was a 20.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 711,270 shares of company stock worth $94,239,985 over the last three months.

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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