B. Riley Comments on Reddit’s Q1 Earnings (NYSE:RDDT)

Reddit, Inc. (NYSE:RDDT) – Equities researchers at B. Riley boosted their Q1 2025 earnings per share estimates for Reddit in a research report issued to clients and investors on Thursday, February 13th. B. Riley analyst N. Khan now forecasts that the company will earn $0.09 per share for the quarter, up from their prior estimate of $0.02. B. Riley has a “Buy” rating and a $187.00 price target on the stock. The consensus estimate for Reddit’s current full-year earnings is ($3.45) per share. B. Riley also issued estimates for Reddit’s FY2025 earnings at $1.12 EPS, FY2027 earnings at $2.77 EPS, FY2028 earnings at $3.90 EPS and FY2029 earnings at $5.30 EPS.

RDDT has been the topic of several other reports. Citigroup upped their target price on shares of Reddit from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JMP Securities upped their price objective on Reddit from $190.00 to $200.00 and gave the company a “market outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on Reddit from $142.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Seaport Res Ptn upgraded Reddit to a “hold” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC lifted their price objective on shares of Reddit from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.45.

Reddit Trading Down 4.6 %

RDDT stock opened at $187.35 on Monday. Reddit has a 52 week low of $37.35 and a 52 week high of $230.41. The company has a fifty day simple moving average of $183.54 and a two-hundred day simple moving average of $121.57.

Reddit (NYSE:RDDT) last posted its earnings results on Wednesday, February 12th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. Reddit had a negative return on equity of 40.54% and a negative net margin of 47.83%.

Institutional Trading of Reddit

A number of hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC bought a new stake in shares of Reddit in the 4th quarter valued at about $494,861,000. Renaissance Capital LLC raised its stake in Reddit by 14.2% in the fourth quarter. Renaissance Capital LLC now owns 31,236 shares of the company’s stock worth $5,105,000 after buying an additional 3,892 shares in the last quarter. ARK Investment Management LLC lifted its holdings in Reddit by 120.5% during the third quarter. ARK Investment Management LLC now owns 352,721 shares of the company’s stock worth $23,251,000 after buying an additional 192,785 shares during the period. Wellington Management Group LLP boosted its position in Reddit by 3,640.5% during the 3rd quarter. Wellington Management Group LLP now owns 255,325 shares of the company’s stock valued at $16,831,000 after acquiring an additional 248,499 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of Reddit by 666.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,300 shares of the company’s stock valued at $376,000 after acquiring an additional 2,000 shares during the period.

Insider Activity at Reddit

In other Reddit news, CTO Christopher Brian Slowe sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $184.15, for a total transaction of $920,750.00. Following the transaction, the chief technology officer now directly owns 35,252 shares in the company, valued at $6,491,655.80. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Benjamin Seong Lee sold 18,519 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $146.06, for a total value of $2,704,885.14. Following the completion of the sale, the insider now owns 138,401 shares of the company’s stock, valued at $20,214,850.06. This represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 212,024 shares of company stock worth $35,086,431 in the last 90 days.

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.