B. Riley Estimates Reddit’s FY2025 Earnings (NYSE:RDDT)

Reddit, Inc. (NYSE:RDDT) – Equities researchers at B. Riley upped their FY2025 earnings per share estimates for shares of Reddit in a research report issued to clients and investors on Tuesday, January 14th. B. Riley analyst N. Khan now anticipates that the company will post earnings per share of $0.91 for the year, up from their previous estimate of $0.90. B. Riley currently has a “Buy” rating and a $187.00 target price 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.

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

RDDT has been the subject of a number of other research reports. Citigroup lifted their target price on shares of Reddit from $120.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Raymond James lifted their price objective on Reddit from $70.00 to $80.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 10th. Roth Mkm increased their target price on Reddit from $89.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on Reddit from $105.00 to $176.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Piper Sandler upped their price target on Reddit from $150.00 to $197.00 and gave the company an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.25.

Reddit Trading Up 2.4 %

Shares of NYSE:RDDT opened at $174.81 on Wednesday. The company has a 50 day moving average of $156.38 and a 200-day moving average of $99.15. Reddit has a one year low of $37.35 and a one year high of $187.69.

Hedge Funds Weigh In On Reddit

Several hedge funds have recently modified their holdings of RDDT. Harbor Investment Advisory LLC acquired a new position in Reddit during the fourth quarter valued at approximately $147,000. UMB Bank n.a. boosted its holdings in shares of Reddit by 10.8% in the 4th quarter. UMB Bank n.a. now owns 1,533 shares of the company’s stock valued at $251,000 after buying an additional 150 shares during the last quarter. LVW Advisors LLC bought a new position in shares of Reddit in the fourth quarter valued at $327,000. Grove Bank & Trust acquired a new position in Reddit during the fourth quarter worth $384,000. Finally, Oak Ridge Investments LLC bought a new stake in Reddit during the fourth quarter worth $4,086,000.

Insider Transactions at Reddit

In related news, Director Mary Porter Gale sold 5,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $114.40, for a total value of $572,000.00. Following the completion of the transaction, the director now owns 46,459 shares of the company’s stock, valued at approximately $5,314,909.60. This trade represents a 9.72 % 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 hyperlink. Also, insider Benjamin Seong Lee sold 18,519 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $146.06, for a total transaction of $2,704,885.14. Following the sale, the insider now directly owns 138,401 shares in the company, valued at $20,214,850.06. This trade represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 217,023 shares of company stock valued at $31,699,295 over the last three months.

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.