2,200 Shares in Reddit Inc. $RDDT Bought by Versor Investments LP

Versor Investments LP purchased a new stake in Reddit Inc. (NYSE:RDDT) during the 1st quarter, Holdings Channel.com reports. The firm purchased 2,200 shares of the company’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its position 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 acquiring an additional 128 shares during the last quarter. Stone House Investment Management LLC bought a new position in Reddit during the first quarter worth about $31,000. Canton Hathaway LLC bought a new position in Reddit during the first quarter worth about $43,000. Olde Wealth Management LLC bought a new stake in shares of Reddit during the first quarter worth approximately $46,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Reddit during the fourth quarter worth approximately $49,000.

Reddit Price Performance

Shares of NYSE:RDDT opened at $217.2850 on Friday. The company has a market capitalization of $40.67 billion, a P/E ratio of 197.53, a P/E/G ratio of 3.47 and a beta of 2.30. Reddit Inc. has a 1 year low of $55.02 and a 1 year high of $253.14. The business’s 50 day simple moving average is $169.82 and its 200 day simple moving average is $142.17.

Reddit (NYSE:RDDT) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share (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 the consensus estimate of $424.07 million. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The firm’s quarterly revenue was up 77.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.06) earnings per share. Reddit has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling at Reddit

In related news, CTO Christopher Brian Slowe sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $220.25, for a total transaction of $2,202,500.00. Following the sale, the chief technology officer owned 212,534 shares of the company’s stock, valued at $46,810,613.50. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Benjamin Seong Lee sold 6,426 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $220.28, for a total value of $1,415,519.28. Following the sale, the insider directly owned 83,445 shares in the company, valued at $18,381,264.60. This represents a 7.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 411,004 shares of company stock valued at $64,005,737 over the last ninety days. 34.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RDDT shares. JMP Securities boosted their price objective on Reddit from $180.00 to $225.00 and gave the stock a “market outperform” rating in a report on Friday, August 1st. Roth Capital boosted their price objective on Reddit from $130.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Wells Fargo & Company boosted their price objective on Reddit from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Citigroup boosted their price objective on Reddit from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Finally, B. Riley restated a “buy” rating and set a $220.00 price objective (down previously from $222.00) on shares of Reddit in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.38.

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.