Sender Co & Partners Inc. Takes $1.37 Million Position in Reddit Inc. $RDDT

Sender Co & Partners Inc. bought a new stake in shares of Reddit Inc. (NYSE:RDDT) during the first quarter, Holdings Channel.com reports. The fund bought 13,033 shares of the company’s stock, valued at approximately $1,367,000.

A number of other institutional investors have also recently modified their holdings of RDDT. CWM LLC grew its position in shares of Reddit by 100.0% during the 1st quarter. CWM LLC now owns 256 shares of the company’s stock valued at $27,000 after acquiring an additional 128 shares during the period. Stone House Investment Management LLC acquired a new stake in Reddit in the 1st quarter worth about $31,000. Canton Hathaway LLC purchased a new stake in Reddit during the 1st quarter worth approximately $43,000. Olde Wealth Management LLC purchased a new stake in Reddit during the 1st quarter worth approximately $46,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Reddit during the fourth quarter valued at approximately $49,000.

Reddit Stock Performance

RDDT opened at $240.19 on Friday. Reddit Inc. has a one year low of $55.25 and a one year high of $253.14. The stock has a market capitalization of $44.95 billion, a PE ratio of 218.35, a P/E/G ratio of 3.81 and a beta of 2.40. The business’s 50 day moving average price is $186.96 and its 200 day moving average price is $142.81.

Reddit (NYSE:RDDT) last announced its earnings results on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $424.07 million. During the same quarter in the previous year, the company earned ($0.06) earnings per share. The firm’s quarterly revenue was up 77.9% compared to the same quarter last year. Reddit has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at Reddit

In other Reddit news, COO Jennifer L. Wong sold 40,967 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $220.38, for a total transaction of $9,028,307.46. Following the transaction, the chief operating officer directly owned 120,033 shares in the company, valued at $26,452,872.54. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Vollero sold 30,000 shares of the company’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $117.64, for a total value of $3,529,200.00. Following the transaction, the chief financial officer owned 333,806 shares in the company, valued at $39,268,937.84. This trade represents a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 516,777 shares of company stock valued at $88,790,076 over the last three months. 34.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RDDT has been the topic of a number of research analyst reports. Citigroup lifted their price target on Reddit from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Piper Sandler boosted their target price on Reddit from $150.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. JMP Securities boosted their target price on Reddit from $180.00 to $225.00 and gave the stock a “market outperform” rating in a report on Friday, August 1st. Roth Capital upped their price objective on Reddit from $130.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Finally, Loop Capital decreased their price objective on Reddit from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.38.

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.