Brokerages Set Reddit Inc. (NYSE:RDDT) Target Price at $209.50

Reddit Inc. (NYSE:RDDT) has earned a consensus rating of “Moderate Buy” from the twenty-eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $209.50.

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Reddit in a research note on Wednesday, October 8th. JMP Securities reiterated a “market outperform” rating and issued a $300.00 price target on shares of Reddit in a research note on Friday, October 3rd. Royal Bank Of Canada restated a “sector perform” rating on shares of Reddit in a research note on Wednesday, October 1st. Guggenheim lifted their target price on Reddit from $165.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Bank of America lifted their target price on Reddit from $130.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th.

Insider Buying and Selling

In other news, CTO Christopher Brian Slowe sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $218.94, for a total transaction of $6,130,320.00. Following the completion of the transaction, the chief technology officer directly owned 222,534 shares in the company, valued at approximately $48,721,593.96. The trade was a 11.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew Vollero sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total value of $6,542,700.00. Following the transaction, the chief financial officer owned 284,168 shares of the company’s stock, valued at approximately $61,974,199.12. This represents a 9.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 382,500 shares of company stock valued at $86,159,231. 34.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Reddit

Several hedge funds and other institutional investors have recently made changes to their positions in RDDT. Rhumbline Advisers boosted its position in shares of Reddit by 202.7% during the first quarter. Rhumbline Advisers now owns 13,682 shares of the company’s stock worth $1,435,000 after buying an additional 9,162 shares during the period. Farther Finance Advisors LLC raised its holdings in Reddit by 152.0% during the first quarter. Farther Finance Advisors LLC now owns 620 shares of the company’s stock worth $68,000 after purchasing an additional 374 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Reddit by 4.5% during the first quarter. Janney Montgomery Scott LLC now owns 9,183 shares of the company’s stock worth $963,000 after purchasing an additional 397 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Reddit during the first quarter worth approximately $739,000. Finally, QRG Capital Management Inc. bought a new stake in Reddit during the first quarter worth approximately $368,000.

Reddit Stock Performance

NYSE:RDDT opened at $195.00 on Friday. The company has a market capitalization of $36.50 billion, a price-to-earnings ratio of 177.27, a price-to-earnings-growth ratio of 2.98 and a beta of 2.23. Reddit has a one year low of $76.42 and a one year high of $282.95. The stock has a 50-day simple moving average of $228.39 and a 200 day simple moving average of $163.13.

Reddit (NYSE:RDDT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. The business had revenue of $499.63 million during the quarter, compared to the consensus estimate of $424.07 million. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The company’s revenue for the quarter was up 77.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) earnings per share. Reddit has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Reddit will post 1.12 EPS for the current fiscal year.

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.