B. Riley Forecasts Reddit's FY2025 Earnings (NYSE:RDDT)

Reddit, Inc. (NYSE:RDDT - Free Report) - Investment analysts at B. Riley boosted their FY2025 EPS 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 of $0.91 per share for the year, up from their prior forecast 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 - Get Free Report) last released its earnings results 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. The company had revenue of $348.40 million for the quarter, compared to the consensus estimate of $313.61 million. Reddit had a negative net margin of 47.83% and a negative return on equity of 40.54%. The company's quarterly revenue was up 67.9% on a year-over-year basis.

Several other analysts have also recently commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Reddit from $105.00 to $176.00 and gave the company a "neutral" rating in a research note on Tuesday. Loop Capital boosted their target price on shares of Reddit from $120.00 to $180.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Robert W. Baird boosted their target price on shares of Reddit from $100.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, December 11th. Wells Fargo & Company initiated coverage on shares of Reddit in a research note on Wednesday, December 11th. They issued an "overweight" rating and a $206.00 target price for the company. Finally, Citigroup boosted their target price on shares of Reddit from $120.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.25.

Reddit Stock Performance

NYSE RDDT traded up $4.12 on Wednesday, hitting $174.81. 3,336,746 shares of the company's stock traded hands, compared to its average volume of 4,911,937. Reddit has a 1-year low of $37.35 and a 1-year high of $187.69. The firm's 50-day moving average price is $156.38 and its two-hundred day moving average price is $99.15.

Insider Buying and Selling at Reddit

In related news, CEO Steve Ladd Huffman sold 14,000 shares of Reddit stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $113.13, for a total value of $1,583,820.00. Following the completion of the sale, the chief executive officer now owns 651,775 shares in the company, valued at approximately $73,735,305.75. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jennifer L. Wong sold 33,333 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $176.23, for a total transaction of $5,874,274.59. Following the completion of the transaction, the chief operating officer now owns 1,504,297 shares of the company's stock, valued at approximately $265,102,260.31. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,023 shares of company stock worth $31,699,295 in the last ninety days.

Hedge Funds Weigh In On Reddit

Several institutional investors have recently modified their holdings of the business. Ridgewood Investments LLC grew its stake in shares of Reddit by 100.0% during the fourth quarter. Ridgewood Investments LLC now owns 200 shares of the company's stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of Reddit during the third quarter worth $42,000. Daiwa Securities Group Inc. acquired a new position in shares of Reddit during the third quarter worth $85,000. AdvisorNet Financial Inc grew its stake in shares of Reddit by 41.9% during the fourth quarter. AdvisorNet Financial Inc now owns 681 shares of the company's stock worth $111,000 after purchasing an additional 201 shares in the last quarter. Finally, SOA Wealth Advisors LLC. grew its stake in shares of Reddit by 56.3% during the third quarter. SOA Wealth Advisors LLC. now owns 1,919 shares of the company's stock worth $126,000 after purchasing an additional 691 shares in the last quarter.

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.