Equities Analysts Offer Predictions for Reddit Q1 Earnings

Reddit, Inc. (NYSE:RDDT) – Investment analysts at B. Riley boosted their Q1 2025 EPS estimates for shares of Reddit in a research report issued to clients and investors on Thursday, February 13th. B. Riley analyst N. Khan now anticipates that the company will post earnings of $0.09 per share for the quarter, up from their prior forecast of $0.02. 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 ($3.45) per share. B. Riley also issued estimates for Reddit’s FY2025 earnings at $1.12 EPS, FY2027 earnings at $2.77 EPS, FY2028 earnings at $3.90 EPS and FY2029 earnings at $5.30 EPS.

RDDT has been the subject of several other research reports. Raymond James raised their price target on Reddit from $200.00 to $250.00 and gave the stock a “strong-buy” rating in a report on Monday, February 10th. Morgan Stanley lifted their target price on shares of Reddit from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up previously from $197.00) on shares of Reddit in a research report on Thursday, February 13th. Bank of America raised their price target on shares of Reddit from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Citigroup lifted their price objective on shares of Reddit from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $175.45.

Reddit Stock Performance

Shares of RDDT stock opened at $187.35 on Monday. The stock’s fifty day moving average price is $183.54 and its 200 day moving average price is $121.57. Reddit has a 1-year low of $37.35 and a 1-year high of $230.41.

Reddit (NYSE:RDDT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.12. Reddit had a negative return on equity of 40.54% and a negative net margin of 47.83%.

Hedge Funds Weigh In On Reddit

A number of large investors have recently bought and sold shares of the business. FMR LLC increased its position in shares of Reddit by 302.8% in the third quarter. FMR LLC now owns 12,157,591 shares of the company’s stock valued at $801,428,000 after buying an additional 9,139,196 shares in the last quarter. Vanguard Group Inc. grew its stake in Reddit by 184.2% in the 4th quarter. Vanguard Group Inc. now owns 9,181,390 shares of the company’s stock valued at $1,500,606,000 after acquiring an additional 5,950,909 shares during the period. Jennison Associates LLC acquired a new stake in Reddit in the 4th quarter valued at $494,861,000. Alliancebernstein L.P. increased its holdings in Reddit by 1,011.1% in the 4th quarter. Alliancebernstein L.P. now owns 2,788,758 shares of the company’s stock worth $455,795,000 after acquiring an additional 2,537,768 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Reddit by 3,172.0% during the third quarter. Point72 Asset Management L.P. now owns 2,296,068 shares of the company’s stock worth $151,357,000 after acquiring an additional 2,225,895 shares during the period.

Insider Activity at Reddit

In other news, CEO Steve Ladd Huffman sold 14,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $141.79, for a total transaction of $1,985,060.00. Following the sale, the chief executive officer now directly owns 634,971 shares of the company’s stock, valued at $90,032,538.09. This represents a 2.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Benjamin Seong Lee sold 18,519 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $146.06, for a total value of $2,704,885.14. Following the sale, the insider now 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. Over the last ninety days, insiders sold 212,024 shares of company stock worth $35,086,431.

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.