Reddit (RDDT) Scheduled to Post Earnings on Tuesday

Reddit (NYSE:RDDT) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of -2.34 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Reddit Trading Down 2.2 %

NYSE RDDT opened at 46.64 on Friday. Reddit has a 52 week low of 37.35 and a 52 week high of 74.90.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird started coverage on shares of Reddit in a report on Thursday, April 4th. They set a “neutral” rating and a $50.00 target price on the stock. Needham & Company LLC initiated coverage on Reddit in a report on Monday, April 15th. They issued a “buy” rating and a $55.00 price objective on the stock. Bank of America began coverage on Reddit in a report on Tuesday, April 16th. They set a “neutral” rating and a $46.00 target price for the company. JPMorgan Chase & Co. started coverage on Reddit in a research note on Monday, April 15th. They issued a “neutral” rating and a $47.00 price target on the stock. Finally, New Street Research assumed coverage on Reddit in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $54.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of 49.20.

Insider Activity at Reddit

In other Reddit news, CTO Christopher Brian Slowe sold 185,000 shares of Reddit stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of 32.30, for a total transaction of 5,975,500.00. Following the sale, the chief technology officer now directly owns 413,684 shares of the company’s stock, valued at approximately 13,361,993.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Reddit news, CTO Christopher Brian Slowe sold 185,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of 32.30, for a total transaction of 5,975,500.00. Following the completion of the transaction, the chief technology officer now owns 413,684 shares of the company’s stock, valued at 13,361,993.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Vollero sold 71,765 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of 32.30, for a total transaction of 2,318,009.50. Following the sale, the chief financial officer now owns 681,660 shares in the company, valued at approximately 22,017,618. The disclosure for this sale can be found here. Insiders have sold 1,084,798 shares of company stock worth $35,038,975 over 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.