Cantor Fitzgerald Begins Coverage on Reddit (NYSE:RDDT)

Stock analysts at Cantor Fitzgerald began coverage on shares of Reddit (NYSE:RDDT) in a report issued on Thursday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $240.00 price target on the stock. Cantor Fitzgerald’s price objective would suggest a potential downside of 1.92% from the company’s previous close.

RDDT has been the topic of a number of other research reports. Oppenheimer increased their target price on shares of Reddit from $215.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. Jefferies Financial Group boosted their price target on Reddit from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. B. Riley restated a “buy” rating and set a $245.00 price objective (up previously from $235.00) on shares of Reddit in a research note on Friday, October 31st. Wall Street Zen raised Reddit from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Finally, Roth Capital set a $210.00 target price on Reddit in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Reddit currently has an average rating of “Moderate Buy” and an average target price of $232.58.

Reddit Price Performance

Shares of NYSE RDDT opened at $244.71 on Thursday. The firm has a market cap of $46.37 billion, a price-to-earnings ratio of 140.64, a P/E/G ratio of 1.71 and a beta of 2.17. The stock’s fifty day moving average price is $218.41 and its two-hundred day moving average price is $206.87. Reddit has a one year low of $79.75 and a one year high of $282.95.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.30. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue was up 67.9% on a year-over-year basis. On average, equities analysts anticipate that Reddit will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Benjamin Seong Lee sold 55,005 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $221.21, for a total transaction of $12,167,656.05. Following the completion of the sale, the insider directly owned 62,608 shares in the company, valued at $13,849,515.68. This represents a 46.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jennifer L. Wong sold 63,427 shares of Reddit stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $192.72, for a total value of $12,223,651.44. Following the completion of the transaction, the chief operating officer owned 1,184,528 shares in the company, valued at approximately $228,282,236.16. This represents a 5.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 505,496 shares of company stock worth $108,036,192 over the last 90 days. Corporate insiders own 34.25% of the company’s stock.

Hedge Funds Weigh In On Reddit

Institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised 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 acquiring an additional 55 shares during the last quarter. Roxbury Financial LLC boosted its stake in Reddit by 7.4% during the 4th quarter. Roxbury Financial LLC now owns 929 shares of the company’s stock valued at $214,000 after purchasing an additional 64 shares during the last quarter. Resona Asset Management Co. Ltd. increased its holdings in Reddit by 0.3% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company’s stock worth $3,023,000 after purchasing an additional 65 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of 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 purchasing an additional 66 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Reddit by 5.0% in the third quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company’s stock worth $331,000 after purchasing an additional 69 shares during the last quarter.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Third‑party product coverage widening Reddit’s visibility — Ahrefs added Reddit to its Brand Radar tracking (now covers YouTube, TikTok and Reddit), which can increase marketer awareness and make Reddit mentions more actionable for advertisers. This is a modest positive for ad monetization and brand measurement. Ahrefs Adds YouTube and Reddit Tracking to Brand Radar
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a “neutral” rating and a $240 price target (slightly below current levels). New coverage and a near‑term price target below the market can limit upside but doesn’t signal a change to Reddit’s long‑term growth story; it may contribute to cautious trader positioning. Analyst Coverage Note
• Negative Sentiment: Insider selling by CFO Andrew Vollero — filings show sales on Jan 6 (8,413 shares at ~$252.72) and Jan 7 (500 shares at ~$260.06). While the CFO still holds ~255k shares (valued in the tens of millions), the high‑profile insider sales — particularly the larger Jan 6 block — can send a negative near‑term signal to traders and may weigh on sentiment. Insider Selling: Reddit CFO Sells Shares
• Negative Sentiment: Reputational/ content‑risk coverage — a New York Times podcast discussed misuse of AI tools to push abusive/political content (context includes platforms and moderation challenges). Any spotlight on content or AI‑driven moderation failures can raise advertiser and regulatory concerns, pressuring sentiment until moderation/AI controls are clarified. Grok’s Undressing Scandal + Claude Code Capers

Reddit Company Profile

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.