Reddit (NYSE:RDDT) Earns “Hold (C-)” Rating from Weiss Ratings

Reddit (NYSE:RDDT)‘s stock had its “hold (c-)” rating reiterated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also commented on RDDT. Jefferies Financial Group raised their price target on Reddit from $230.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. JMP Securities reissued a “market outperform” rating and set a $300.00 price objective on shares of Reddit in a research report on Friday, October 3rd. Zacks Research lowered Reddit from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Sanford C. Bernstein raised their price objective on Reddit from $130.00 to $150.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Reddit in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $203.92.

Reddit Stock Up 4.8%

Shares of RDDT stock opened at $211.90 on Wednesday. The stock has a fifty day moving average of $229.08 and a 200 day moving average of $158.75. Reddit has a 52 week low of $69.30 and a 52 week high of $282.95. The firm has a market capitalization of $39.66 billion, a price-to-earnings ratio of 192.64, a PEG ratio of 3.09 and a beta of 2.23.

Reddit (NYSE:RDDT) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The company had revenue of $499.63 million during the quarter, compared to analyst estimates of $424.07 million. During the same quarter last year, the firm posted ($0.06) earnings per share. The firm’s revenue was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Reddit will post 1.12 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Christopher Brian Slowe sold 28,000 shares of Reddit stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $218.94, for a total value of $6,130,320.00. Following the completion of the transaction, the chief technology officer owned 222,534 shares of the company’s stock, valued at $48,721,593.96. The trade was a 11.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew Vollero sold 30,000 shares of Reddit stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total value of $6,542,700.00. Following the completion of the transaction, the chief financial officer directly owned 284,168 shares of the company’s stock, valued at approximately $61,974,199.12. This represents a 9.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 397,834 shares of company stock worth $86,512,599 in the last 90 days. 34.25% of the stock is owned by company insiders.

Hedge Funds Weigh In On Reddit

Several large investors have recently modified their holdings of the stock. CWM LLC increased its holdings in Reddit by 100.0% in the 1st quarter. CWM LLC now owns 256 shares of the company’s stock worth $27,000 after buying an additional 128 shares in the last quarter. Stone House Investment Management LLC purchased a new position in Reddit in the 1st quarter worth about $31,000. Financial Perspectives Inc purchased a new position in Reddit in the 2nd quarter worth about $34,000. Geneos Wealth Management Inc. raised its position in Reddit by 344.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock worth $39,000 after buying an additional 286 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Reddit by 8,650.0% in the 3rd quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock worth $40,000 after buying an additional 173 shares during the last quarter.

About Reddit

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.