What is B. Riley’s Forecast for Reddit FY2025 Earnings?

Reddit, Inc. (NYSE:RDDT) – Research analysts at B. Riley upped their FY2025 EPS estimates for shares of Reddit in a report released on Tuesday, January 14th. B. Riley analyst N. Khan now forecasts that the company will post earnings per share of $0.91 for the year, up from their previous estimate of $0.90. B. Riley currently has a “Buy” rating and a $187.00 target price on the stock. The consensus estimate for Reddit’s current full-year earnings is ($3.46) per share. B. Riley also issued estimates for Reddit’s FY2026 earnings at $1.60 EPS, FY2027 earnings at $2.83 EPS and FY2028 earnings at $4.28 EPS.

RDDT has been the topic of a number of other reports. Guggenheim began coverage on shares of Reddit in a report on Friday, December 20th. They issued a “buy” rating and a $210.00 price objective on the stock. Loop Capital boosted their target price on shares of Reddit from $120.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Morgan Stanley upgraded shares of Reddit from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $70.00 to $200.00 in a report on Monday, December 9th. Needham & Company LLC boosted their target price on shares of Reddit from $120.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Piper Sandler boosted their target price on shares of Reddit from $150.00 to $197.00 and gave the stock an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $148.25.

Reddit Stock Up 3.4 %

Shares of RDDT opened at $170.46 on Wednesday. Reddit has a twelve month low of $37.35 and a twelve month high of $187.69. The firm’s 50 day moving average price is $155.39 and its two-hundred day moving average price is $98.65.

Reddit (NYSE:RDDT) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.23. Reddit had a negative net margin of 47.83% and a negative return on equity of 40.54%. The business had revenue of $348.40 million for the quarter, compared to analyst estimates of $313.61 million. The business’s revenue was up 67.9% compared to the same quarter last year.

Institutional Investors Weigh In On Reddit

Several institutional investors and hedge funds have recently bought and sold shares of RDDT. Ridgewood Investments LLC increased its position in Reddit by 100.0% during the 4th quarter. Ridgewood Investments LLC now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Whittier Trust Co. acquired a new stake in Reddit during the 3rd quarter valued at approximately $42,000. Daiwa Securities Group Inc. acquired a new stake in Reddit during the 3rd quarter valued at approximately $85,000. AdvisorNet Financial Inc increased its position in Reddit by 41.9% during the 4th quarter. AdvisorNet Financial Inc now owns 681 shares of the company’s stock valued at $111,000 after purchasing an additional 201 shares during the period. Finally, SOA Wealth Advisors LLC. boosted its holdings in shares of Reddit by 56.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,919 shares of the company’s stock worth $126,000 after buying an additional 691 shares in the last quarter.

Insider Activity

In related news, CTO Christopher Brian Slowe sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $77.48, for a total transaction of $387,400.00. Following the completion of the sale, the chief technology officer now owns 30,068 shares of the company’s stock, valued at $2,329,668.64. This represents a 14.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steve Ladd Huffman sold 14,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $125.98, for a total transaction of $1,763,720.00. Following the sale, the chief executive officer now directly owns 651,775 shares of the company’s stock, valued at $82,110,614.50. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 217,023 shares of company stock valued at $31,699,295.

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.