Reddit (NYSE:RDDT) Research Coverage Started at Argus

Argus initiated coverage on shares of Reddit (NYSE:RDDT) in a research note released on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $250.00 price objective on the stock.

A number of other equities analysts also recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $220.00 price target (down from $222.00) on shares of Reddit in a research note on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of Reddit from $145.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Roth Mkm upped their price target on shares of Reddit from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Piper Sandler upped their price objective on shares of Reddit from $150.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Seaport Res Ptn upgraded shares of Reddit from a “hold” rating to a “strong-buy” rating in a report on Monday, May 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $171.83.

Reddit Trading Down 4.1%

NYSE RDDT opened at $218.8550 on Monday. Reddit has a 1-year low of $54.27 and a 1-year high of $253.14. The company has a market capitalization of $40.96 billion, a PE ratio of 198.96, a price-to-earnings-growth ratio of 3.62 and a beta of 2.30. The firm’s fifty day simple moving average is $165.78 and its 200-day simple moving average is $142.05.

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

Insider Activity

In other Reddit news, COO Jennifer L. Wong sold 32,379 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $242.05, for a total transaction of $7,837,336.95. Following the completion of the sale, the chief operating officer directly owned 1,395,628 shares in the company, valued at $337,811,757.40. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steve Ladd Huffman sold 14,000 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $244.70, for a total transaction of $3,425,800.00. Following the sale, the chief executive officer owned 531,485 shares of the company’s stock, valued at $130,054,379.50. This trade represents a 2.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 363,364 shares of company stock valued at $53,557,742 over the last three months. 34.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Reddit

A number of hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. bought a new stake in Reddit during the second quarter valued at about $384,000. B. Riley Wealth Advisors Inc. bought a new stake in Reddit during the second quarter valued at about $5,002,000. Cim LLC boosted its holdings in Reddit by 9.2% during the second quarter. Cim LLC now owns 8,282 shares of the company’s stock valued at $1,247,000 after acquiring an additional 699 shares during the period. Campbell Capital Management Inc. boosted its holdings in Reddit by 134.5% during the second quarter. Campbell Capital Management Inc. now owns 26,055 shares of the company’s stock valued at $3,923,000 after acquiring an additional 14,945 shares during the period. Finally, Hudson Bay Capital Management LP boosted its holdings in Reddit by 414.9% during the second quarter. Hudson Bay Capital Management LP now owns 17,301 shares of the company’s stock valued at $2,605,000 after acquiring an additional 13,941 shares during the period.

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.