Key Points
- Reddit CAO Michelle Marie Reynolds sold 3,215 shares on Nov. 24 at an average price of $186.44 for total proceeds of $599,404.60, cutting her stake by 12.85% to 21,807 shares, per an SEC filing.
- Reddit posted a strong quarter with Q3 EPS $0.80 vs. $0.50 expected and revenue of $584.9M (up 67.9% YoY); analysts maintain a consensus "Moderate Buy" with a $226.33 target and several firms have raised price targets (Oppenheimer to $300).
Reddit Inc. (NYSE:RDDT - Get Free Report) CAO Michelle Marie Reynolds sold 3,215 shares of Reddit stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $186.44, for a total transaction of $599,404.60. Following the completion of the transaction, the chief accounting officer owned 21,807 shares of the company's stock, valued at $4,065,697.08. This represents a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Reddit Price Performance
NYSE:RDDT opened at $195.06 on Tuesday. Reddit Inc. has a 1 year low of $79.75 and a 1 year high of $282.95. The stock's fifty day moving average price is $210.57 and its two-hundred day moving average price is $180.67. The company has a market cap of $36.96 billion, a P/E ratio of 112.10, a P/E/G ratio of 2.02 and a beta of 2.15.
Reddit (NYSE:RDDT - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.30. The company had revenue of $584.91 million for the quarter, compared to analyst estimates of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The firm's revenue for the quarter was up 67.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. Reddit has set its Q4 2025 guidance at EPS. On average, analysts expect that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently commented on RDDT shares. Wolfe Research upgraded shares of Reddit to an "outperform" rating in a research report on Sunday, August 3rd. Roth Capital set a $210.00 target price on shares of Reddit in a research note on Friday, October 31st. Oppenheimer boosted their price target on shares of Reddit from $215.00 to $300.00 and gave the company an "outperform" rating in a research report on Tuesday, September 16th. Wells Fargo & Company increased their price objective on Reddit from $155.00 to $174.00 and gave the stock a "cautious" rating in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. boosted their target price on Reddit from $190.00 to $227.00 and gave the stock a "neutral" rating in a research report on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Reddit presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.33.
Get Our Latest Research Report on Reddit
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in shares of Reddit by 25.6% in the 3rd quarter. Huntington National Bank now owns 270 shares of the company's stock worth $62,000 after purchasing an additional 55 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in Reddit by 0.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company's stock worth $3,023,000 after buying an additional 65 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in Reddit by 2.8% in the third quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company's stock worth $567,000 after buying an additional 66 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in Reddit by 5.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company's stock valued at $331,000 after acquiring an additional 69 shares during the last quarter. Finally, Congress Park Capital LLC raised its stake in shares of Reddit by 2.0% during the second quarter. Congress Park Capital LLC now owns 3,885 shares of the company's stock worth $585,000 after acquiring an additional 76 shares in the last quarter.
About Reddit
(
Get Free Report)
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.
Further Reading
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