What is B. Riley’s Forecast for Reddit FY2026 Earnings?

Reddit, Inc. (NYSE:RDDT) – Stock analysts at B. Riley boosted their FY2026 EPS estimates for shares of Reddit in a report released on Monday, October 21st. B. Riley analyst N. Khan now anticipates that the company will post earnings of $0.81 per share for the year, up from their previous estimate 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.

Several other brokerages also recently issued reports on RDDT. Cannonball Research initiated coverage on shares of Reddit in a report on Tuesday, August 6th. They set a “buy” rating and a $67.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Reddit from $59.00 to $77.00 and gave the company a “neutral” rating in a report on Monday, October 7th. JMP Securities reissued a “market outperform” rating and set a $84.00 price target on shares of Reddit in a report on Tuesday, July 30th. Loop Capital raised shares of Reddit from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday, August 1st. Finally, Bank of America lifted their price target on shares of Reddit from $57.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.78.

Reddit Trading Up 0.3 %

Shares of Reddit stock opened at $77.53 on Tuesday. Reddit has a twelve month low of $37.35 and a twelve month high of $81.36. The firm’s 50-day simple moving average is $64.58 and its 200-day simple moving average is $59.69.

Reddit (NYSE:RDDT) last issued its earnings results 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 business had revenue of $281.20 million for the quarter, compared to analyst estimates of $253.86 million. During the same quarter last year, the firm posted ($0.70) earnings per share. Reddit’s revenue was up 53.6% on a year-over-year basis.

Insider Buying and Selling

In related news, CEO Steve Ladd Huffman sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $53.98, for a total transaction of $755,720.00. Following the completion of the sale, the chief executive officer now directly owns 672,352 shares of the company’s stock, valued at $36,293,560.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Steve Ladd Huffman sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $53.98, for a total transaction of $755,720.00. Following the completion of the transaction, the chief executive officer now owns 672,352 shares in the company, valued at approximately $36,293,560.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jennifer L. Wong sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $65.01, for a total transaction of $3,250,500.00. Following the transaction, the chief operating officer now owns 1,542,457 shares of the company’s stock, valued at approximately $100,275,129.57. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,327 shares of company stock valued at $23,115,824 over the last ninety days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. VY Capital Management Co. Ltd. acquired a new position in shares of Reddit in the third quarter valued at approximately $474,403,000. Inclusive Capital Partners L.P. acquired a new position in shares of Reddit in the first quarter valued at approximately $103,051,000. Vanguard Group Inc. acquired a new position in shares of Reddit in the first quarter valued at approximately $82,167,000. Bank of New York Mellon Corp boosted its holdings in shares of Reddit by 10.1% in 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 buying an additional 153,282 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Reddit by 117.2% in the second quarter. Marshall Wace LLP now owns 847,929 shares of the company’s stock valued at $54,174,000 after buying an additional 457,588 shares during the period.

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.