Weiss Ratings Reiterates "Hold (C-)" Rating for Reddit (NYSE:RDDT)

Reddit (NYSE:RDDT - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on RDDT. Wells Fargo & Company boosted their target price on shares of Reddit from $155.00 to $174.00 and gave the company a "cautious" rating in a research note on Tuesday. Wolfe Research upgraded shares of Reddit to an "outperform" rating in a research note on Sunday, August 3rd. Loop Capital decreased their target price on shares of Reddit from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, June 12th. Zacks Research cut shares of Reddit from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group upped their price objective on shares of Reddit from $230.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $203.92.

Reddit Price Performance

RDDT opened at $202.43 on Wednesday. The firm has a fifty day moving average price of $228.07 and a 200 day moving average price of $158.15. Reddit has a 1 year low of $69.30 and a 1 year high of $282.95. The stock has a market cap of $37.89 billion, a P/E ratio of 184.03, a P/E/G ratio of 3.14 and a beta of 2.23.

Reddit (NYSE:RDDT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.25. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The firm had revenue of $499.63 million during the quarter, compared to analysts' expectations of $424.07 million. During the same period in the previous year, the business posted ($0.06) EPS. The business's revenue was up 77.9% compared to the same quarter last year. Reddit has set its Q3 2025 guidance at EPS. Equities analysts expect that Reddit will post 1.12 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Andrew Vollero sold 30,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $218.09, for a total value of $6,542,700.00. Following the completion of the sale, the chief financial officer directly owned 284,168 shares in the company, valued at $61,974,199.12. This represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Christopher Brian Slowe sold 14,000 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $257.28, for a total transaction of $3,601,920.00. Following the completion of the sale, the chief technology officer directly owned 208,534 shares of the company's stock, valued at $53,651,627.52. This represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 397,834 shares of company stock valued at $86,512,599. Corporate insiders own 34.25% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its stake 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 purchasing an additional 128 shares during the period. Stone House Investment Management LLC purchased a new position in shares of Reddit in the first quarter valued at approximately $31,000. Financial Perspectives Inc purchased a new position in shares of Reddit in the second quarter valued at approximately $34,000. Geneos Wealth Management Inc. boosted its stake in shares of Reddit by 344.6% in the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company's stock valued at $39,000 after purchasing an additional 286 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Reddit by 8,650.0% in the third quarter. GAMMA Investing LLC now owns 175 shares of the company's stock valued at $40,000 after purchasing an additional 173 shares during the period.

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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