Citizens Jmp Issues Pessimistic Forecast for Reddit (NYSE:RDDT) Stock Price

Reddit (NYSE:RDDT) had its target price decreased by Citizens Jmp from $250.00 to $240.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s target price would indicate a potential upside of 44.12% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $200.00 target price on shares of Reddit in a research note on Friday. Jefferies Financial Group lowered their target price on shares of Reddit from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Reddit in a research note on Friday. Cantor Fitzgerald lowered their target price on shares of Reddit from $240.00 to $170.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Finally, Guggenheim raised their target price on shares of Reddit from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Eighteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Reddit presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.61.

Reddit Trading Up 13.1%

Reddit stock opened at $166.53 on Friday. The company has a market capitalization of $31.81 billion, a P/E ratio of 47.58, a P/E/G ratio of 1.21 and a beta of 1.85. The firm’s fifty day simple moving average is $144.12 and its 200-day simple moving average is $184.18. Reddit has a 1-year low of $94.89 and a 1-year high of $282.95.

Reddit (NYSE:RDDT) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.39. Reddit had a net margin of 28.60% and a return on equity of 26.78%. The business had revenue of $663.41 million for the quarter, compared to the consensus estimate of $607.74 million. During the same quarter last year, the firm earned $0.13 EPS. Reddit’s revenue for the quarter was up 69.1% on a year-over-year basis. On average, equities research analysts predict that Reddit will post 4.02 earnings per share for the current year.

Insider Activity

In other Reddit news, CEO Steve Ladd Huffman sold 18,000 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $145.12, for a total value of $2,612,160.00. Following the sale, the chief executive officer directly owned 411,195 shares in the company, valued at $59,672,618.40. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sarah E. Farrell purchased 43,800 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average price of $149.52 per share, for a total transaction of $6,548,976.00. Following the completion of the transaction, the director directly owned 43,800 shares in the company, valued at approximately $6,548,976. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 61,000 shares of company stock valued at $8,870,815 and have sold 280,441 shares valued at $40,873,759. 34.25% of the stock is owned by insiders.

Institutional Trading of Reddit

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Assets Advisory LLC acquired a new stake in Reddit in the 1st quarter worth $68,000. International Assets Investment Management LLC grew its position in Reddit by 75.2% in the 1st quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock worth $1,033,000 after purchasing an additional 3,255 shares during the last quarter. Carnegie Investment Counsel grew its position in Reddit by 10.5% in the 1st quarter. Carnegie Investment Counsel now owns 182,197 shares of the company’s stock worth $24,533,000 after purchasing an additional 17,287 shares during the last quarter. Fifth Third Bancorp grew its position in Reddit by 9,310.8% in the 1st quarter. Fifth Third Bancorp now owns 8,752 shares of the company’s stock worth $1,178,000 after purchasing an additional 8,659 shares during the last quarter. Finally, Independence Bank of Kentucky grew its position in Reddit by 120.0% in the 1st quarter. Independence Bank of Kentucky now owns 10,628 shares of the company’s stock worth $1,431,000 after purchasing an additional 5,797 shares during the last quarter.

Key Stories Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Q1 earnings and revenue beat — Reddit reported EPS of $1.01 (vs. ~$0.62 est.) and revenue of about $663M, a ~69% year?over?year jump; ad revenue rose sharply, underscoring improving monetization. Zacks: Reddit Q1 Earnings Beat
• Positive Sentiment: Upbeat near-term guidance — management gave Q2 revenue guidance (~$715M–$725M) above Street expectations, signaling continued ad demand momentum. Reuters: Reddit expects revenue above estimates
• Positive Sentiment: AI-driven ad products & search improvements gaining traction — exec commentary and coverage point to rising advertiser adoption of lower?funnel, AI-enhanced ad tools and a ~30% YoY increase in weekly search usage, both supporting higher yield per user. Reuters: AI-driven ad growth fuels outlook TechCrunch: People are finally using Reddit’s search
• Positive Sentiment: Analyst support — several firms reaffirmed or raised targets (e.g., Piper Sandler raised its PT to $215; Needham reaffirmed buy with $300 PT; DA Davidson reaffirmed buy at $200), adding buy?side validation. TickerReport / coverage on Piper Sandler
• Neutral Sentiment: Unusual options activity — traders purchased ~80,316 call options (about +88% vs. typical daily call volume), indicating speculative bullish positioning but not guaranteeing directional follow?through.
• Neutral Sentiment: Cantor Fitzgerald raised its price target (to $180) but left a neutral rating — a mixed signal: higher target but not a bullish rating change. Benzinga: Cantor Fitzgerald update
• Negative Sentiment: Some analyst conflict and target trimming — Citizens Jmp reduced its target from $250 to $240 (still bullish stance), reflecting differing views on longer?term upside and leaving room for skepticism about sustainability. Benzinga: Citizens Jmp update

Reddit Company Profile

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.