Reddit, Inc. (NYSE:RDDT - Free Report) - Seaport Res Ptn lowered their Q1 2025 earnings estimates for Reddit in a report issued on Wednesday, February 12th. Seaport Res Ptn analyst A. Kessler now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.03. Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for Reddit's current full-year earnings is ($3.45) per share. Seaport Res Ptn also issued estimates for Reddit's Q4 2025 earnings at $0.66 EPS, FY2025 earnings at $1.05 EPS and FY2026 earnings at $2.38 EPS.
Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Reddit from $142.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday. Piper Sandler restated an "overweight" rating and set a $210.00 target price (up from $197.00) on shares of Reddit in a research report on Thursday. JMP Securities lifted their price target on Reddit from $190.00 to $200.00 and gave the stock a "market outperform" rating in a research report on Thursday. Morgan Stanley upped their price objective on Reddit from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Wells Fargo & Company raised their price objective on Reddit from $206.00 to $215.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Reddit currently has an average rating of "Moderate Buy" and a consensus price target of $175.45.
View Our Latest Stock Analysis on RDDT
NYSE RDDT opened at $196.37 on Monday. Reddit has a 1-year low of $37.35 and a 1-year high of $230.41. The business has a 50 day simple moving average of $182.33 and a two-hundred day simple moving average of $119.69.
Reddit (NYSE:RDDT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.24 by $0.12. Reddit had a negative net margin of 47.83% and a negative return on equity of 40.54%.
A number of hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC bought a new position in Reddit in the fourth quarter worth about $494,861,000. Renaissance Capital LLC raised its stake in shares of Reddit by 14.2% during the 4th quarter. Renaissance Capital LLC now owns 31,236 shares of the company's stock worth $5,105,000 after acquiring an additional 3,892 shares in the last quarter. ARK Investment Management LLC raised its stake in shares of Reddit by 120.5% during the 3rd quarter. ARK Investment Management LLC now owns 352,721 shares of the company's stock worth $23,251,000 after acquiring an additional 192,785 shares in the last quarter. Wellington Management Group LLP lifted its position in Reddit by 3,640.5% during the third 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 during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in Reddit by 666.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,300 shares of the company's stock worth $376,000 after purchasing an additional 2,000 shares during the last quarter.
In related news, COO Jennifer L. Wong sold 33,333 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $176.23, for a total value of $5,874,274.59. Following the completion of the transaction, the chief operating officer now owns 1,504,297 shares of the company's stock, valued at $265,102,260.31. The trade was a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Steve Ladd Huffman sold 14,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $201.96, for a total value of $2,827,440.00. Following the sale, the chief executive officer now owns 614,394 shares of the company's stock, valued at approximately $124,083,012.24. This represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 212,024 shares of company stock valued at $35,086,431.
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.
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