Citizens Jmp Lowers Reddit (NYSE:RDDT) Price Target to $250.00

Reddit (NYSE:RDDT) had its target price dropped by research analysts at Citizens Jmp from $300.00 to $250.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target suggests a potential upside of 63.81% from the company’s previous close.

A number of other research firms also recently weighed in on RDDT. Morgan Stanley set a $240.00 target price on Reddit in a report on Friday, February 6th. Guggenheim upped their target price on Reddit from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Bank of America reduced their target price on Reddit from $205.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Oppenheimer reduced their target price on Reddit from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Argus set a $300.00 target price on Reddit in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $234.22.

Reddit Price Performance

Shares of NYSE:RDDT opened at $152.61 on Wednesday. Reddit has a 1 year low of $94.89 and a 1 year high of $282.95. The company has a market cap of $29.16 billion, a PE ratio of 58.25, a P/E/G ratio of 1.19 and a beta of 2.40. The stock’s 50-day moving average is $143.19 and its 200 day moving average is $186.15.

Reddit (NYSE:RDDT) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.28. Reddit had a return on equity of 20.89% and a net margin of 24.05%.The company had revenue of $725.61 million for the quarter, compared to the consensus estimate of $665.80 million. During the same quarter in the previous year, the business earned $0.36 EPS. Reddit’s revenue was up 69.7% compared to the same quarter last year. Analysts expect that Reddit will post 4.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Steve Ladd Huffman sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $158.40, for a total value of $2,851,200.00. Following the sale, the chief executive officer owned 411,195 shares in the company, valued at $65,133,288. This represents a 4.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarah E. Farrell purchased 10,500 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $132.26 per share, for a total transaction of $1,388,730.00. Following the purchase, the director directly owned 61,000 shares in the company, valued at $8,067,860. The trade was a 20.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 61,000 shares of company stock worth $8,870,815 and have sold 298,441 shares worth $44,170,999. Insiders own 34.25% of the company’s stock.

Hedge Funds Weigh In On Reddit

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GraniteShares Advisors LLC lifted its position in Reddit by 7.7% in the 1st quarter. GraniteShares Advisors LLC now owns 3,396 shares of the company’s stock valued at $457,000 after acquiring an additional 243 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ lifted its position in Reddit by 11.2% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 36,728 shares of the company’s stock valued at $4,945,000 after acquiring an additional 3,690 shares in the last quarter. Trilogy Capital Inc. bought a new position in Reddit in the 1st quarter valued at approximately $217,000. WT Wealth Management lifted its position in Reddit by 41.9% in the 1st quarter. WT Wealth Management now owns 12,033 shares of the company’s stock valued at $1,620,000 after acquiring an additional 3,553 shares in the last quarter. Finally, Draper Asset Management LLC lifted its holdings in shares of Reddit by 2.9% during the 1st quarter. Draper Asset Management LLC now owns 16,796 shares of the company’s stock valued at $2,262,000 after buying an additional 473 shares during the period.

Key Stories Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: DA Davidson initiated coverage with a buy/bull rating, which gives the stock new sell-side support and media attention. Article Title
• Positive Sentiment: Analysts point to large AI-model demand for Reddit’s data/engagement, a rationale cited in coverage that underpins bullish thesis for growth and ad-monetization. Article Title
• Positive Sentiment: The mean of Wall Street price targets implies roughly 35.7% upside, signaling broad analyst optimism that could support the stock if sentiment reverses. Article Title
• Neutral Sentiment: Coverage roundup and analyst commentary pieces highlight bullish views but are informational rather than fresh catalyst-driven changes. Article Title
• Neutral Sentiment: Articles flag Reddit as a momentum name — this can amplify moves but is uncertain as a directional catalyst. Article Title
• Negative Sentiment: Citizens Jmp trimmed its price target from $300 to $250 (though it kept an outperform rating); the cut can pressure near-term sentiment even if the new target remains well above current levels. Article Title
• Negative Sentiment: Insider selling: Jennifer Wong sold 39,167 shares, which investors often view as a negative signal when it accompanies other mixed news. Article Title

About Reddit

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.