B. Riley Has Positive Outlook for Reddit FY2025 Earnings

Reddit, Inc. (NYSE:RDDT) – Equities researchers at B. Riley upped their FY2025 earnings estimates for shares of Reddit in a research report issued to clients and investors 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 prior forecast of $0.90. 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 ($3.46) 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. Roth Mkm lifted their price objective on Reddit from $89.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their price objective on shares of Reddit from $100.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Jefferies Financial Group lifted their target price on shares of Reddit from $120.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group raised their target price on Reddit from $105.00 to $176.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Piper Sandler increased their price target on Reddit from $150.00 to $197.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.25.

Reddit Stock Up 0.2 %

Shares of RDDT opened at $165.04 on Wednesday. The stock’s 50-day moving average price is $155.39 and its two-hundred day moving average price is $98.65. Reddit has a 12 month low of $37.35 and a 12 month high of $187.69.

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

Institutional Trading of Reddit

Institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in Reddit by 302.8% in the 3rd quarter. FMR LLC now owns 12,157,591 shares of the company’s stock valued at $801,428,000 after buying an additional 9,139,196 shares in the last quarter. VY Capital Management Co. Ltd. purchased a new position in shares of Reddit in the third quarter valued at $474,403,000. Point72 Asset Management L.P. raised its stake in shares of Reddit by 3,172.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,296,068 shares of the company’s stock valued at $151,357,000 after purchasing an additional 2,225,895 shares during the period. Holocene Advisors LP lifted its holdings in Reddit by 177.6% during the 3rd quarter. Holocene Advisors LP now owns 3,005,977 shares of the company’s stock worth $198,154,000 after purchasing an additional 1,923,109 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in Reddit by 1,519.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,650,362 shares of the company’s stock worth $108,792,000 after purchasing an additional 1,548,450 shares during the period.

Insider Transactions at Reddit

In related news, CEO Steve Ladd Huffman sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $165.33, for a total value of $2,314,620.00. Following the transaction, the chief executive officer now owns 614,394 shares in the company, valued at approximately $101,577,760.02. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Christopher Brian Slowe sold 11,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $169.85, for a total value of $1,868,350.00. Following the completion of the sale, the chief technology officer now directly owns 324,837 shares of the company’s stock, valued at $55,173,564.45. This represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 217,023 shares of company stock worth $31,699,295 in the last ninety 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.