Jefferies Financial Group Issues Positive Forecast for Reddit (NYSE:RDDT) Stock Price

Reddit (NYSE:RDDT) had its price objective lifted by Jefferies Financial Group from $230.00 to $300.00 in a research report released on Wednesday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

A number of other analysts have also commented on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $212.00 price target on shares of Reddit in a research note on Friday, August 1st. Roth Capital lifted their price target on Reddit from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. JMP Securities lifted their price target on Reddit from $180.00 to $225.00 and gave the company a “market outperform” rating in a research note on Friday, August 1st. Royal Bank Of Canada reissued a “sector perform” rating and set a $210.00 price target on shares of Reddit in a research note on Friday, August 22nd. Finally, Citigroup lifted their price target on Reddit from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.58.

Reddit Stock Up 7.8%

Shares of RDDT stock opened at $259.04 on Wednesday. Reddit has a twelve month low of $55.84 and a twelve month high of $261.13. The company has a market cap of $48.48 billion, a P/E ratio of 235.49, a P/E/G ratio of 3.81 and a beta of 2.40. The business has a fifty day simple moving average of $192.30 and a 200 day simple moving average of $144.50.

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

Insider Buying and Selling

In related news, CFO Andrew Vollero sold 30,000 shares of Reddit stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $117.64, for a total value of $3,529,200.00. Following the transaction, the chief financial officer directly owned 333,806 shares of the company’s stock, valued at $39,268,937.84. The trade was a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jennifer L. Wong sold 40,967 shares of Reddit stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $220.38, for a total value of $9,028,307.46. Following the completion of the sale, the chief operating officer owned 120,033 shares of the company’s stock, valued at approximately $26,452,872.54. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 530,777 shares of company stock valued at $92,101,216 in the last ninety days. Insiders own 34.25% of the company’s stock.

Institutional Investors Weigh In On Reddit

A number of hedge funds have recently added to or reduced their stakes in the business. Infini Capital Management Ltd bought a new stake in Reddit in the second quarter worth approximately $602,000. Orion Porfolio Solutions LLC acquired a new stake in Reddit in the second quarter valued at approximately $201,000. Munro Partners acquired a new stake in Reddit in the second quarter valued at approximately $2,802,000. Nautilus Advisors LLC grew its stake in Reddit by 30.7% in the second quarter. Nautilus Advisors LLC now owns 4,618 shares of the company’s stock valued at $695,000 after acquiring an additional 1,085 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in Reddit by 7.5% in the second quarter. Neuberger Berman Group LLC now owns 360,061 shares of the company’s stock valued at $54,214,000 after acquiring an additional 25,257 shares during the period.

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.