B. Riley Has Strong Forecast for Reddit FY2025 Earnings

Reddit, Inc. (NYSE:RDDT) – Equities research analysts at B. Riley raised their FY2025 EPS estimates for shares of Reddit in a report released on Tuesday, January 14th. B. Riley analyst N. Khan now expects that the company will post earnings per share of $0.91 for the year, up from their prior forecast of $0.90. B. Riley currently has a “Buy” rating and a $187.00 price target 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 quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.23. The company had revenue of $348.40 million during 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% compared to the same quarter last year.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group increased their price target on Reddit from $120.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Morgan Stanley raised Reddit from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $70.00 to $200.00 in a report on Monday, December 9th. JMP Securities boosted their target price on shares of Reddit from $118.00 to $160.00 and gave the stock a “market outperform” rating in a report on Monday, November 25th. The Goldman Sachs Group upped their price target on shares of Reddit from $105.00 to $176.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Raymond James lifted their price objective on shares of Reddit from $70.00 to $80.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $148.25.

Reddit Stock Performance

Shares of RDDT opened at $165.04 on Wednesday. Reddit has a 12 month low of $37.35 and a 12 month high of $187.69. The firm has a fifty day simple moving average of $155.39 and a 200 day simple moving average of $98.65.

Hedge Funds Weigh In On Reddit

Several hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in shares of Reddit by 302.8% during the 3rd quarter. FMR LLC now owns 12,157,591 shares of the company’s stock worth $801,428,000 after acquiring an additional 9,139,196 shares in the last quarter. VY Capital Management Co. Ltd. bought a new position in shares of Reddit in the 3rd quarter valued at $474,403,000. Point72 Asset Management L.P. increased its stake in shares of Reddit by 3,172.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,296,068 shares of the company’s stock valued at $151,357,000 after purchasing an additional 2,225,895 shares during the last quarter. Holocene Advisors LP raised its holdings in shares of Reddit by 177.6% during the 3rd quarter. Holocene Advisors LP now owns 3,005,977 shares of the company’s stock worth $198,154,000 after buying an additional 1,923,109 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Reddit by 1,519.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,650,362 shares of the company’s stock worth $108,792,000 after buying an additional 1,548,450 shares during the last quarter.

Insiders Place Their Bets

In related news, CEO Steve Ladd Huffman sold 14,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $125.98, for a total value of $1,763,720.00. Following the transaction, the chief executive officer now owns 651,775 shares in the company, valued at approximately $82,110,614.50. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Porter Gale sold 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $114.40, for a total value of $572,000.00. Following the completion of the transaction, the director now directly owns 46,459 shares of the company’s stock, valued at approximately $5,314,909.60. This trade represents a 9.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 217,023 shares of company stock worth $31,699,295 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.