B. Riley Issues Optimistic Estimate for Reddit Earnings

Reddit, Inc. (NYSE:RDDT) – Equities research analysts at B. Riley raised their Q1 2025 earnings per share estimates for shares of Reddit in a research report issued on Thursday, February 13th. B. Riley analyst N. Khan now anticipates that the company will earn $0.09 per share for the quarter, up from their previous estimate of $0.02. B. Riley currently has a “Buy” rating and a $187.00 target price on the stock. The consensus estimate for Reddit’s current full-year earnings is ($3.45) per share. B. Riley also issued estimates for Reddit’s FY2025 earnings at $1.12 EPS, FY2027 earnings at $2.77 EPS, FY2028 earnings at $3.90 EPS and FY2029 earnings at $5.30 EPS.

Several other research firms have also recently commented on RDDT. Seaport Res Ptn upgraded shares of Reddit to a “hold” rating in a research note on Thursday, February 6th. JMP Securities raised their price objective on shares of Reddit from $190.00 to $200.00 and gave the company a “market outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on Reddit from $142.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Guggenheim began coverage on shares of Reddit in a research note on Friday, December 20th. They set a “buy” rating and a $210.00 price target on the stock. Finally, Jefferies Financial Group upped their target price on shares of Reddit from $120.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Reddit has a consensus rating of “Moderate Buy” and a consensus price target of $175.45.

Reddit Trading Down 4.2 %

Shares of RDDT opened at $196.37 on Monday. Reddit has a fifty-two week low of $37.35 and a fifty-two week high of $230.41. The firm has a 50-day simple moving average of $182.91 and a 200-day simple moving average of $120.65.

Reddit (NYSE:RDDT) last announced its earnings results on Wednesday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. Reddit had a negative return on equity of 40.54% and a negative net margin of 47.83%.

Institutional Investors Weigh In On Reddit

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Reddit by 302.8% during the 3rd quarter. FMR LLC now owns 12,157,591 shares of the company’s stock valued at $801,428,000 after acquiring an additional 9,139,196 shares in the last quarter. Vanguard Group Inc. raised its position in Reddit by 184.2% in the fourth quarter. Vanguard Group Inc. now owns 9,181,390 shares of the company’s stock valued at $1,500,606,000 after purchasing an additional 5,950,909 shares during the period. Jennison Associates LLC acquired a new position in shares of Reddit during the fourth quarter worth about $494,861,000. Alliancebernstein L.P. boosted its position in shares of Reddit by 1,011.1% in the fourth quarter. Alliancebernstein L.P. now owns 2,788,758 shares of the company’s stock worth $455,795,000 after buying an additional 2,537,768 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Reddit by 3,172.0% in the third quarter. Point72 Asset Management L.P. now owns 2,296,068 shares of the company’s stock valued at $151,357,000 after buying an additional 2,225,895 shares in the last quarter.

Insider Buying and Selling at Reddit

In other Reddit news, CEO Steve Ladd Huffman sold 14,000 shares of Reddit stock in a transaction on Friday, November 29th. The shares were sold at an average price of $141.79, for a total value of $1,985,060.00. Following the transaction, the chief executive officer now owns 634,971 shares in the company, valued at $90,032,538.09. This trade represents a 2.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Vollero sold 19,838 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $143.22, for a total transaction of $2,841,198.36. Following the sale, the chief financial officer now directly owns 703,615 shares of the company’s stock, valued at $100,771,740.30. This represents a 2.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 212,024 shares of company stock worth $35,086,431 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.