Reddit (NYSE:RDDT) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Reddit (NYSE:RDDT) in a report published on Thursday, Marketbeat Ratings reports. The firm issued a neutral rating and a $240.00 price target on the stock.

Several other equities research analysts have also recently weighed in on RDDT. Raymond James Financial restated a “strong-buy” rating and set a $250.00 target price (up from $225.00) on shares of Reddit in a research note on Monday, October 20th. Royal Bank Of Canada restated a “sector perform” rating on shares of Reddit in a research report on Wednesday, October 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $236.00 target price on shares of Reddit in a research report on Tuesday, October 14th. Sanford C. Bernstein increased their target price on shares of Reddit from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Friday, October 31st. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Reddit in a report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $232.58.

Reddit Stock Down 3.6%

RDDT opened at $244.71 on Thursday. The stock has a market capitalization of $46.37 billion, a price-to-earnings ratio of 140.64, a P/E/G ratio of 1.64 and a beta of 2.17. Reddit has a twelve month low of $79.75 and a twelve month high of $282.95. The company has a 50-day simple moving average of $218.41 and a 200 day simple moving average of $207.33.

Reddit (NYSE:RDDT) last released its earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.50 by $0.30. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The firm had revenue of $584.91 million for the quarter, compared to analyst estimates of $546.65 million. During the same period last year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 67.9% compared to the same quarter last year. Sell-side analysts anticipate that Reddit will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling at Reddit

In other news, CFO Andrew Vollero sold 500 shares of Reddit stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $260.06, for a total transaction of $130,030.00. Following the transaction, the chief financial officer owned 255,618 shares in the company, valued at approximately $66,476,017.08. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $230.76, for a total value of $4,153,680.00. Following the completion of the sale, the chief executive officer owned 448,576 shares of the company’s stock, valued at $103,513,397.76. The trade was a 3.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 505,496 shares of company stock worth $108,036,192 over the last quarter. Insiders own 34.25% of the company’s stock.

Institutional Investors Weigh In On Reddit

Institutional investors have recently made changes to their positions in the stock. Raiffeisen Bank International AG acquired a new position in shares of Reddit in the third quarter worth approximately $25,000. GW&K Investment Management LLC bought a new position in Reddit during the 3rd quarter worth approximately $30,000. Cornerstone Planning Group LLC lifted its position in shares of Reddit by 13,500.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 136 shares of the company’s stock worth $31,000 after purchasing an additional 135 shares during the period. Financial Perspectives Inc bought a new stake in shares of Reddit in the 2nd quarter valued at $34,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Reddit during the fourth quarter worth $34,000.

Reddit News Roundup

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

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.