Reddit (NYSE:RDDT - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11, Zacks reports. Reddit had a negative return on equity of 24.71% and a negative net margin of 37.25%. The company had revenue of $392.36 million for the quarter, compared to analysts' expectations of $370.55 million. During the same period last year, the firm posted ($8.19) earnings per share. Reddit's revenue was up 61.5% compared to the same quarter last year. Reddit updated its Q2 2025 guidance to EPS.
Reddit Stock Performance
Shares of RDDT traded down $5.78 during mid-day trading on Friday, hitting $113.01. 29,544,738 shares of the stock were exchanged, compared to its average volume of 5,807,053. The company has a market cap of $20.44 billion, a PE ratio of -14.62, a price-to-earnings-growth ratio of 4.72 and a beta of 2.89. Reddit has a 52-week low of $46.24 and a 52-week high of $230.41. The firm has a 50-day moving average of $116.82 and a two-hundred day moving average of $143.22.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Roth Capital downgraded shares of Reddit from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Oppenheimer initiated coverage on Reddit in a research report on Wednesday, April 16th. They set an "outperform" rating and a $125.00 price objective for the company. JMP Securities reissued a "market outperform" rating and issued a $180.00 target price on shares of Reddit in a report on Friday. Morgan Stanley cut their price target on Reddit from $210.00 to $140.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Roth Mkm raised their price objective on shares of Reddit from $120.00 to $130.00 and gave the stock a "neutral" rating in a report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $142.30.
Check Out Our Latest Stock Report on Reddit
Insider Activity at Reddit
In other news, CFO Andrew Vollero sold 100,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $124.08, for a total transaction of $12,408,000.00. Following the transaction, the chief financial officer now owns 499,295 shares of the company's stock, valued at approximately $61,952,523.60. The trade was a 16.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Steve Ladd Huffman sold 14,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 614,394 shares of the company's stock, valued at approximately $115,370,905.32. This represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 711,270 shares of company stock valued at $94,239,985.
About Reddit
(
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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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