Reddit (RDDT) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Reddit (NYSE: RDDT):

• 3/21/2025 – Reddit had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $220.00 price target on the stock.
• 3/20/2025 – Reddit had its price target lowered by analysts at Guggenheim from $210.00 to $170.00. They now have a “buy” rating on the stock.
• 3/17/2025 – Reddit was given a new $75.00 price target on by analysts at Redburn Partners.
• 3/17/2025 – Reddit is now covered by analysts at Redburn Atlantic. They set a “sell” rating and a $75.00 price target on the stock.
• 3/12/2025 – Reddit had its price target lowered by analysts at Raymond James from $250.00 to $200.00. They now have a “strong-buy” rating on the stock.
• 3/11/2025 – Reddit had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $210.00 price target on the stock.
• 2/21/2025 – Reddit had its price target raised by analysts at Piper Sandler from $210.00 to $220.00. They now have an “overweight” rating on the stock.
• 2/13/2025 – Reddit had its “neutral” rating reaffirmed by analysts at Citigroup Inc..
• 2/13/2025 – Reddit had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $210.00 price target on the stock, up previously from $197.00.
• 2/13/2025 – Reddit had its price target raised by analysts at Wells Fargo & Company from $206.00 to $215.00. They now have an “overweight” rating on the stock.
• 2/13/2025 – Reddit had its price target raised by analysts at Morgan Stanley from $200.00 to $210.00. They now have an “overweight” rating on the stock.
• 2/13/2025 – Reddit had its price target raised by analysts at JPMorgan Chase & Co. from $142.00 to $185.00. They now have a “neutral” rating on the stock.
• 2/13/2025 – Reddit had its price target raised by analysts at Bank of America Co. from $180.00 to $190.00. They now have a “neutral” rating on the stock.
• 2/13/2025 – Reddit had its price target raised by analysts at Robert W. Baird from $160.00 to $185.00. They now have a “neutral” rating on the stock.
• 2/13/2025 – Reddit had its price target raised by analysts at JMP Securities from $190.00 to $200.00. They now have a “market outperform” rating on the stock.
• 2/13/2025 – Reddit had its price target raised by analysts at Loop Capital from $180.00 to $210.00. They now have a “buy” rating on the stock.
• 2/13/2025 – Reddit had its price target raised by analysts at Citigroup Inc. from $200.00 to $220.00. They now have a “buy” rating on the stock.
• 2/13/2025 – Reddit had its price target raised by analysts at Needham & Company LLC from $190.00 to $220.00. They now have a “buy” rating on the stock.
• 2/10/2025 – Reddit had its price target raised by analysts at Raymond James from $200.00 to $250.00. They now have a “strong-buy” rating on the stock.
• 2/6/2025 – Reddit was upgraded by analysts at Seaport Res Ptn to a “hold” rating.
• 1/27/2025 – Reddit had its price target raised by analysts at JMP Securities from $160.00 to $190.00. They now have a “market outperform” rating on the stock.

Reddit Price Performance

Shares of NYSE:RDDT traded down $5.22 on Wednesday, hitting $120.22. The company’s stock had a trading volume of 2,726,192 shares, compared to its average volume of 5,445,947. Reddit, Inc. has a 1 year low of $37.35 and a 1 year high of $230.41. The company has a market capitalization of $21.75 billion and a PE ratio of -15.55. The company has a 50-day simple moving average of $169.60 and a 200 day simple moving average of $136.66.

Reddit (NYSE:RDDT) last issued its earnings results on Wednesday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.12. Reddit had a negative net margin of 37.25% and a negative return on equity of 24.71%. On average, equities research analysts expect that Reddit, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at Reddit

In other news, COO Jennifer L. Wong sold 33,333 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.22, for a total transaction of $4,173,958.26. Following the sale, the chief operating officer now owns 1,466,119 shares of the company’s stock, valued at $183,587,421.18. This trade represents a 2.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew Vollero sold 48,122 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $162.80, for a total transaction of $7,834,261.60. Following the transaction, the chief financial officer now directly owns 599,295 shares of the company’s stock, valued at $97,565,226. The trade was a 7.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 492,794 shares of company stock worth $76,482,524.

Institutional Investors Weigh In On Reddit

A number of large investors have recently made changes to their positions in RDDT. Prospera Financial Services Inc purchased a new position in shares of Reddit during the 3rd quarter worth $248,000. Charles Schwab Investment Management Inc. grew its holdings in Reddit by 194.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 503,321 shares of the company’s stock valued at $33,179,000 after purchasing an additional 332,604 shares during the period. Cerity Partners LLC purchased a new stake in Reddit in the third quarter worth about $446,000. Kingsview Wealth Management LLC bought a new position in shares of Reddit in the third quarter worth about $251,000. Finally, Penserra Capital Management LLC lifted its position in shares of Reddit by 63.1% during the 3rd quarter. Penserra Capital Management LLC now owns 48,945 shares of the company’s stock valued at $3,226,000 after buying an additional 18,932 shares in the last quarter.

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.