Reddit (RDDT) Projected to Post Earnings on Thursday

Reddit (NYSE:RDDT - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.02 per share and revenue of $370.55 million for the quarter. Reddit has set its Q1 2025 guidance at EPS.

Reddit (NYSE:RDDT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.12. Reddit had a negative return on equity of 24.71% and a negative net margin of 37.25%. On average, analysts expect Reddit to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Reddit Trading Up 0.5 %

RDDT traded up $0.59 during midday trading on Tuesday, hitting $121.80. 1,167,552 shares of the company traded hands, compared to its average volume of 5,600,756. The business has a 50 day simple moving average of $120.74 and a two-hundred day simple moving average of $142.98. Reddit has a 52-week low of $44.15 and a 52-week high of $230.41. The company has a market capitalization of $22.03 billion and a price-to-earnings ratio of -15.69.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Reddit from $185.00 to $124.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Seaport Res Ptn upgraded Reddit to a "hold" rating in a report on Thursday, February 6th. Guggenheim dropped their target price on shares of Reddit from $210.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, March 20th. B. Riley increased their price target on shares of Reddit from $112.00 to $187.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Roth Mkm cut Reddit from a "buy" rating to a "neutral" rating and increased their price objective for the company from $116.00 to $195.00 in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $142.22.

Insider Activity

In other Reddit news, CEO Steve Ladd Huffman sold 14,000 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $201.96, for a total transaction of $2,827,440.00. Following the sale, the chief executive officer now directly owns 614,394 shares in the company, valued at approximately $124,083,012.24. The trade was a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michelle Marie Reynolds sold 11,965 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $157.41, for a total value of $1,883,410.65. Following the completion of the transaction, the chief accounting officer now owns 48,418 shares of the company's stock, valued at approximately $7,621,477.38. This represents a 19.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 725,270 shares of company stock worth $97,067,425 in the last 90 days.

About Reddit

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.