Brokerages Set Reddit Inc. (NYSE:RDDT) PT at $209.50

Shares of Reddit Inc. (NYSE:RDDT) have received an average rating of “Moderate Buy” from the twenty-eight research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $214.1667.

A number of research analysts have weighed in on RDDT shares. Cannonball Research reissued a “buy” rating on shares of Reddit in a report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Reddit in a report on Wednesday, October 8th. Truist Financial increased their target price on Reddit from $225.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Robert W. Baird increased their target price on Reddit from $177.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Finally, Wolfe Research raised Reddit to an “outperform” rating in a report on Sunday, August 3rd.

Insider Buying and Selling

In other Reddit news, CTO Christopher Brian Slowe sold 14,000 shares of the company’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $200.81, for a total value of $2,811,340.00. Following the completion of the sale, the chief technology officer owned 206,534 shares in the company, valued at $41,474,092.54. This represents a 6.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jennifer L. Wong sold 30,741 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $257.28, for a total value of $7,909,044.48. Following the completion of the sale, the chief operating officer owned 1,295,968 shares of the company’s stock, valued at approximately $333,426,647.04. The trade was a 2.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 366,500 shares of company stock worth $83,829,951. Corporate insiders own 34.25% of the company’s stock.

Institutional Trading of Reddit

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Reddit by 8,650.0% in the third quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock worth $40,000 after buying an additional 173 shares in the last quarter. Financial Perspectives Inc purchased a new stake in shares of Reddit during the second quarter worth about $34,000. CWM LLC grew its position in shares of Reddit by 100.0% during the first quarter. CWM LLC now owns 256 shares of the company’s stock worth $27,000 after purchasing an additional 128 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Reddit during the first quarter worth about $31,000. Finally, Advisors Asset Management Inc. grew its position in shares of Reddit by 68.2% during the second quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock worth $55,000 after purchasing an additional 148 shares in the last quarter.

Reddit Price Performance

Shares of NYSE:RDDT opened at $205.60 on Friday. The company has a market cap of $38.48 billion, a P/E ratio of 186.91, a PEG ratio of 3.09 and a beta of 2.23. Reddit has a 1 year low of $76.54 and a 1 year high of $282.95. The stock’s fifty day moving average price is $227.66 and its 200-day moving average price is $164.23.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.25. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The company had revenue of $499.63 million for the quarter, compared to the consensus estimate of $424.07 million. During the same quarter in the prior year, the company earned ($0.06) earnings per share. Reddit’s revenue was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Reddit will post 1.12 earnings per share for the current year.

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.