B. Riley Weighs in on Reddit’s FY2025 Earnings (NYSE:RDDT)

Reddit, Inc. (NYSE:RDDT) – Analysts at B. Riley boosted 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 expects that the company will earn $0.91 per share for the year, up from their prior estimate of $0.90. B. Riley currently has a “Buy” rating and a $187.00 price objective 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 issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $348.40 million for the quarter, compared to analysts’ expectations of $313.61 million. The firm’s quarterly revenue was up 67.9% on a year-over-year basis.

RDDT has been the topic of a number of other reports. Jefferies Financial Group increased their target price on Reddit from $120.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Guggenheim assumed coverage on Reddit in a report on Friday, December 20th. They issued a “buy” rating and a $210.00 target price on the stock. Piper Sandler increased their target price on Reddit from $150.00 to $197.00 and gave the stock an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on Reddit from $59.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, JMP Securities raised their price objective on Reddit from $118.00 to $160.00 and gave the company a “market outperform” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Reddit presently has a consensus rating of “Moderate Buy” and an average price target of $148.25.

Reddit Trading Up 3.4 %

Shares of RDDT opened at $170.46 on Wednesday. Reddit has a 12-month low of $37.35 and a 12-month high of $187.69. The business’s fifty day moving average is $155.39 and its 200 day moving average is $98.65.

Institutional Investors Weigh In On Reddit

Several large investors have recently added to or reduced their stakes in the company. Ridgewood Investments LLC grew its holdings in Reddit by 100.0% during the 4th quarter. Ridgewood Investments LLC now owns 200 shares of the company’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of Reddit during the 3rd quarter valued at about $42,000. Daiwa Securities Group Inc. bought a new stake in Reddit in the 3rd quarter worth approximately $85,000. AdvisorNet Financial Inc lifted its position in Reddit by 41.9% in the 4th quarter. AdvisorNet Financial Inc now owns 681 shares of the company’s stock worth $111,000 after buying an additional 201 shares during the last quarter. Finally, SOA Wealth Advisors LLC. lifted its position in Reddit by 56.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,919 shares of the company’s stock worth $126,000 after buying an additional 691 shares during the last quarter.

Insider Activity

In related news, CTO Christopher Brian Slowe sold 5,000 shares of Reddit stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $77.48, for a total value of $387,400.00. Following the completion of the sale, the chief technology officer now owns 30,068 shares of the company’s stock, valued at approximately $2,329,668.64. This trade represents a 14.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Vollero sold 19,838 shares of Reddit stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $143.22, for a total value of $2,841,198.36. Following the completion of the sale, the chief financial officer now directly owns 703,615 shares of the company’s stock, valued at approximately $100,771,740.30. This trade represents a 2.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 217,023 shares of company stock valued at $31,699,295 in the last ninety days.

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.