Reddit (RDDT) Projected to Post Quarterly Earnings on Thursday

Reddit (NYSE:RDDT - Get Free Report) is expected to release its Q2 2025 earnings data after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.68 per share and revenue of $424.07 million for the quarter. Reddit has set its Q2 2025 guidance at EPS.

Reddit (NYSE:RDDT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $392.36 million for the quarter, compared to analysts' expectations of $370.55 million. Reddit had a return on equity of 5.69% and a net margin of 8.07%. The firm's revenue for the quarter was up 61.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($8.19) earnings per share. 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 1.5%

Reddit stock traded up $2.25 on Thursday, hitting $148.35. 5,456,628 shares of the stock traded hands, compared to its average volume of 6,254,947. Reddit has a 1 year low of $49.13 and a 1 year high of $230.41. The firm has a market cap of $27.37 billion, a P/E ratio of 251.44, a price-to-earnings-growth ratio of 3.75 and a beta of 2.33. The business's fifty day simple moving average is $130.49 and its 200 day simple moving average is $139.14.

Analysts Set New Price Targets

Several research firms recently weighed in on RDDT. Guggenheim restated a "buy" rating and issued a $165.00 price target on shares of Reddit in a research note on Tuesday, June 24th. Wells Fargo & Company increased their target price on Reddit from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Sanford C. Bernstein lifted their price target on Reddit from $130.00 to $150.00 and gave the stock a "market perform" rating in a research report on Tuesday. 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, Needham & Company LLC lifted their target price on shares of Reddit from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $144.13.

Insider Buying and Selling at Reddit

In related news, CFO Andrew Vollero sold 30,000 shares of the firm's stock in a transaction 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 directly owned 333,806 shares in the company, valued at $39,268,937.84. This trade represents a 8.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michelle Marie Reynolds sold 3,500 shares of Reddit stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $150.64, for a total transaction of $527,240.00. Following the completion of the transaction, the chief accounting officer directly owned 37,868 shares of the company's stock, valued at $5,704,435.52. This trade represents a 8.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 506,809 shares of company stock worth $61,884,325. 34.25% of the stock is currently owned by insiders.

Institutional Trading of Reddit

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Reddit by 344.6% in the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company's stock worth $39,000 after buying an additional 286 shares during the period. Focus Partners Wealth lifted its holdings in shares of Reddit by 40.8% in the first quarter. Focus Partners Wealth now owns 10,224 shares of the company's stock valued at $1,073,000 after purchasing an additional 2,965 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Reddit by 106.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,960 shares of the company's stock worth $22,759,000 after buying an additional 111,780 shares during the period. Empowered Funds LLC purchased a new position in shares of Reddit during the first quarter valued at $213,000. Finally, NewEdge Advisors LLC raised its position in Reddit by 143.3% during the first quarter. NewEdge Advisors LLC now owns 7,982 shares of the company's stock valued at $837,000 after buying an additional 4,701 shares during the period.

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.