Sigma Planning Corp Boosts Position in Reddit Inc. $RDDT

Sigma Planning Corp raised its stake in Reddit Inc. (NYSE:RDDT) by 281.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,667 shares of the company’s stock after buying an additional 4,921 shares during the period. Sigma Planning Corp’s holdings in Reddit were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in RDDT. Raiffeisen Bank International AG purchased a new stake in shares of Reddit in the third quarter valued at approximately $25,000. GW&K Investment Management LLC bought a new stake in Reddit during the 3rd quarter valued at $30,000. Cornerstone Planning Group LLC raised its position in Reddit by 13,500.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 136 shares of the company’s stock valued at $31,000 after purchasing an additional 135 shares in the last quarter. LOM Asset Management Ltd purchased a new stake in shares of Reddit in the 4th quarter worth $33,000. Finally, Noble Wealth Management PBC bought a new position in shares of Reddit during the 4th quarter worth $34,000.

Reddit Stock Performance

NYSE:RDDT opened at $166.53 on Monday. The company’s 50-day simple moving average is $144.12 and its 200-day simple moving average is $184.09. Reddit Inc. has a fifty-two week low of $94.89 and a fifty-two week high of $282.95. The stock has a market capitalization of $31.81 billion, a P/E ratio of 47.58, a P/E/G ratio of 1.21 and a beta of 1.85.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, April 30th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.39. Reddit had a net margin of 28.60% and a return on equity of 26.78%. The company had revenue of $663.41 million during the quarter, compared to analysts’ expectations of $607.74 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Reddit’s revenue for the quarter was up 69.1% compared to the same quarter last year. On average, research analysts forecast that Reddit Inc. will post 4.02 EPS for the current year.

Insiders Place Their Bets

In other Reddit news, Director Sarah E. Farrell purchased 43,800 shares of the stock in a transaction on Tuesday, February 10th. The stock was acquired at an average price of $149.52 per share, with a total value of $6,548,976.00. Following the completion of the acquisition, the director owned 43,800 shares in the company, valued at $6,548,976. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Christopher Brian Slowe sold 19,036 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $144.05, for a total transaction of $2,742,135.80. Following the transaction, the chief technology officer owned 185,057 shares in the company, valued at approximately $26,657,460.85. This trade represents a 9.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 61,000 shares of company stock valued at $8,870,815 and sold 280,441 shares valued at $40,873,759. Corporate insiders own 34.25% of the company’s stock.

Analysts Set New Price Targets

RDDT has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on Reddit from $227.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Citizens Jmp cut their target price on shares of Reddit from $250.00 to $240.00 and set a “market outperform” rating on the stock in a research report on Friday. Citigroup restated an “outperform” rating on shares of Reddit in a report on Friday. Evercore reaffirmed an “outperform” rating and issued a $290.00 price target on shares of Reddit in a research report on Friday, February 6th. Finally, UBS Group set a $265.00 price objective on shares of Reddit in a research note on Tuesday, January 13th. Eighteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $228.61.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Q1 earnings and revenue beat — Reddit reported EPS of $1.01 (vs. ~$0.62 est.) and revenue of about $663M, a ~69% year‑over‑year jump; ad revenue rose sharply, underscoring improving monetization. Zacks: Reddit Q1 Earnings Beat
• Positive Sentiment: Upbeat near-term guidance — management gave Q2 revenue guidance (~$715M–$725M) above Street expectations, signaling continued ad demand momentum. Reuters: Reddit expects revenue above estimates
• Positive Sentiment: AI-driven ad products & search improvements gaining traction — exec commentary and coverage point to rising advertiser adoption of lower‑funnel, AI-enhanced ad tools and a ~30% YoY increase in weekly search usage, both supporting higher yield per user. Reuters: AI-driven ad growth fuels outlook TechCrunch: People are finally using Reddit’s search
• Positive Sentiment: Analyst support — several firms reaffirmed or raised targets (e.g., Piper Sandler raised its PT to $215; Needham reaffirmed buy with $300 PT; DA Davidson reaffirmed buy at $200), adding buy‑side validation. TickerReport / coverage on Piper Sandler
• Neutral Sentiment: Unusual options activity — traders purchased ~80,316 call options (about +88% vs. typical daily call volume), indicating speculative bullish positioning but not guaranteeing directional follow‑through.
• Neutral Sentiment: Cantor Fitzgerald raised its price target (to $180) but left a neutral rating — a mixed signal: higher target but not a bullish rating change. Benzinga: Cantor Fitzgerald update
• Negative Sentiment: Some analyst conflict and target trimming — Citizens Jmp reduced its target from $250 to $240 (still bullish stance), reflecting differing views on longer‑term upside and leaving room for skepticism about sustainability. Benzinga: Citizens Jmp update

About Reddit

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.