B. Riley Has Bullish Estimate for Reddit FY2026 Earnings

Reddit, Inc. (NYSE:RDDT) – B. Riley lifted their FY2026 earnings per share (EPS) estimates for Reddit in a research report issued on Monday, October 21st. B. Riley analyst N. Khan now expects that the company will post earnings per share of $0.81 for the year, up from their prior forecast of $0.77. B. Riley currently has a “Buy” rating and a $87.00 target price on the stock. The consensus estimate for Reddit’s current full-year earnings is ($4.10) per share. B. Riley also issued estimates for Reddit’s FY2027 earnings at $1.62 EPS and FY2028 earnings at $2.57 EPS.

A number of other brokerages have also commented on RDDT. The Goldman Sachs Group upped their price objective on Reddit from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Bank of America raised their price target on shares of Reddit from $57.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Raymond James boosted their price objective on shares of Reddit from $70.00 to $80.00 and gave the company a “strong-buy” rating in a report on Thursday, October 10th. Morgan Stanley raised their target price on shares of Reddit from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Loop Capital upgraded Reddit from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

Reddit Stock Performance

Shares of NYSE:RDDT opened at $77.33 on Tuesday. Reddit has a 12-month low of $37.35 and a 12-month high of $81.36. The business has a 50 day moving average of $64.13 and a 200-day moving average of $59.56.

Reddit (NYSE:RDDT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.25. The company had revenue of $281.20 million during the quarter, compared to the consensus estimate of $253.86 million. Reddit’s revenue for the quarter was up 53.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.70) earnings per share.

Hedge Funds Weigh In On Reddit

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. VY Capital Management Co. Ltd. acquired a new stake in shares of Reddit in the third quarter valued at about $474,403,000. Inclusive Capital Partners L.P. bought a new position in Reddit during the first quarter worth $103,051,000. Vanguard Group Inc. acquired a new position in Reddit in the first quarter valued at $82,167,000. Bank of New York Mellon Corp boosted its position in Reddit by 10.1% during the second quarter. Bank of New York Mellon Corp now owns 1,663,603 shares of the company’s stock valued at $106,288,000 after acquiring an additional 153,282 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Reddit by 117.2% during the 2nd quarter. Marshall Wace LLP now owns 847,929 shares of the company’s stock worth $54,174,000 after acquiring an additional 457,588 shares during the period.

Insider Buying and Selling

In other Reddit news, insider Benjamin Seong Lee sold 45,807 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $53.99, for a total value of $2,473,119.93. Following the sale, the insider now owns 194,473 shares in the company, valued at $10,499,597.27. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Reddit news, insider Benjamin Seong Lee sold 45,807 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $53.99, for a total value of $2,473,119.93. Following the completion of the transaction, the insider now directly owns 194,473 shares in the company, valued at approximately $10,499,597.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jennifer L. Wong sold 33,334 shares of Reddit stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $76.27, for a total value of $2,542,384.18. Following the sale, the chief operating officer now directly owns 1,542,457 shares in the company, valued at $117,643,195.39. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,327 shares of company stock worth $23,115,824 in the last three months.

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.