Jefferies Financial Group Forecasts Strong Price Appreciation for Reddit (NYSE:RDDT) Stock

Reddit (NYSE:RDDT) had its price objective upped by investment analysts at Jefferies Financial Group from $230.00 to $300.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 15.21% from the company’s current price.

RDDT has been the subject of a number of other reports. Bank of America upped their target price on shares of Reddit from $130.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. JMP Securities upped their target price on shares of Reddit from $180.00 to $225.00 and gave the stock a “market outperform” rating in a research note on Friday, August 1st. Morgan Stanley upped their target price on shares of Reddit from $170.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Argus assumed coverage on shares of Reddit in a research note on Monday, August 18th. They issued a “buy” rating and a $250.00 target price for the company. Finally, Needham & Company LLC upped their target price on shares of Reddit from $165.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $180.58.

Reddit Stock Up 0.5%

Shares of RDDT stock opened at $260.40 on Wednesday. Reddit has a 12-month low of $57.22 and a 12-month high of $266.64. The firm has a market capitalization of $48.74 billion, a price-to-earnings ratio of 236.73, a price-to-earnings-growth ratio of 4.11 and a beta of 2.40. The firm has a fifty day moving average of $194.36 and a 200-day moving average of $145.16.

Reddit (NYSE:RDDT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. The business had revenue of $499.63 million for the quarter, compared to analyst estimates of $424.07 million. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The firm’s quarterly revenue was up 77.9% on a year-over-year basis. During the same period last year, the business posted ($0.06) earnings per share. Reddit has set its Q3 2025 guidance at EPS. Research analysts expect that Reddit will post 1.12 earnings per share for the current year.

Insider Buying and Selling at Reddit

In other news, CTO Christopher Brian Slowe sold 28,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $218.94, for a total transaction of $6,130,320.00. Following the completion of the transaction, the chief technology officer directly owned 222,534 shares in the company, valued at $48,721,593.96. This represents a 11.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andrew Vollero sold 30,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total transaction of $6,542,700.00. Following the transaction, the chief financial officer owned 284,168 shares of the company’s stock, valued at approximately $61,974,199.12. This represents a 9.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 500,777 shares of company stock valued at $88,572,016. Corporate insiders own 34.25% of the company’s stock.

Institutional Investors Weigh In On Reddit

A number of institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. grew its holdings in Reddit by 103.0% during the first quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock worth $593,733,000 after purchasing an additional 2,871,232 shares during the period. Norges Bank bought a new position in Reddit during the second quarter worth about $294,254,000. Whale Rock Capital Management LLC bought a new position in Reddit during the fourth quarter worth about $204,054,000. Amundi grew its holdings in Reddit by 2,060.5% during the second quarter. Amundi now owns 1,307,231 shares of the company’s stock worth $208,294,000 after purchasing an additional 1,246,725 shares during the period. Finally, State Street Corp grew its holdings in Reddit by 138.5% during the second quarter. State Street Corp now owns 2,030,139 shares of the company’s stock worth $305,678,000 after purchasing an additional 1,178,890 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.