Equities Analysts Offer Predictions for Reddit Q1 Earnings

Reddit, Inc. (NYSE:RDDT) – Stock analysts at B. Riley lifted their Q1 2025 earnings estimates for Reddit in a research report issued on Thursday, February 13th. B. Riley analyst N. Khan now forecasts that the company will post earnings of $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.

Several other brokerages have also recently commented on RDDT. Jefferies Financial Group boosted their price target on Reddit from $120.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group boosted their target price on shares of Reddit from $105.00 to $176.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Needham & Company LLC increased their price target on shares of Reddit from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday. Seaport Res Ptn raised shares of Reddit to a “hold” rating in a research note on Thursday, February 6th. Finally, Sanford C. Bernstein increased their target price on shares of Reddit from $65.00 to $85.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $175.45.

Reddit Stock Down 4.2 %

Shares of RDDT stock opened at $196.37 on Monday. Reddit has a fifty-two week low of $37.35 and a fifty-two week high of $230.41. The stock’s 50-day moving average is $182.33 and its two-hundred day moving average is $119.69.

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

Institutional Trading of Reddit

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in Reddit by 7.5% during the fourth quarter. FMR LLC now owns 13,070,780 shares of the company’s stock worth $2,136,288,000 after buying an additional 913,189 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Reddit by 184.2% during the 4th quarter. Vanguard Group Inc. now owns 9,181,390 shares of the company’s stock worth $1,500,606,000 after acquiring an additional 5,950,909 shares during the period. Jennison Associates LLC acquired a new stake in shares of Reddit during the 4th quarter valued at about $494,861,000. Holocene Advisors LP increased its stake in Reddit by 177.6% in the third quarter. Holocene Advisors LP now owns 3,005,977 shares of the company’s stock valued at $198,154,000 after acquiring an additional 1,923,109 shares during the period. Finally, Alliancebernstein L.P. raised its position in Reddit by 1,011.1% in the fourth quarter. Alliancebernstein L.P. now owns 2,788,758 shares of the company’s stock worth $455,795,000 after purchasing an additional 2,537,768 shares in the last quarter.

Insider Activity

In related news, CTO Christopher Brian Slowe sold 5,000 shares of the business’s stock in a transaction dated 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. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jennifer L. Wong sold 33,334 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $173.93, for a total value of $5,797,782.62. Following the completion of the sale, the chief operating officer now owns 1,504,297 shares of the company’s stock, valued at $261,642,377.21. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 212,024 shares of company stock valued at $35,086,431.

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.