Donoghue Forlines LLC Purchases New Shares in Reddit Inc. $RDDT

Donoghue Forlines LLC acquired a new position in shares of Reddit Inc. (NYSE:RDDT) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,384 shares of the company’s stock, valued at approximately $1,928,000.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in shares of Reddit by 143.3% during the first quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock worth $837,000 after buying an additional 4,701 shares during the period. Empowered Funds LLC acquired a new position in Reddit in the 1st quarter valued at about $213,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Reddit by 106.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,960 shares of the company’s stock valued at $22,759,000 after acquiring an additional 111,780 shares during the last quarter. Focus Partners Wealth lifted its position in Reddit by 40.8% during the 1st quarter. Focus Partners Wealth now owns 10,224 shares of the company’s stock worth $1,073,000 after acquiring an additional 2,965 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Reddit by 344.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after purchasing an additional 286 shares during the last quarter.

Insiders Place Their Bets

In other Reddit news, insider Benjamin Seong Lee sold 3,320 shares of Reddit stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $260.22, for a total transaction of $863,930.40. Following the completion of the transaction, the insider owned 62,608 shares in the company, valued at approximately $16,291,853.76. The trade was a 5.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew Vollero sold 3,674 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $261.21, for a total transaction of $959,685.54. Following the completion of the sale, the chief financial officer directly owned 251,644 shares in the company, valued at $65,731,929.24. This trade represents a 1.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 505,470 shares of company stock worth $109,018,861. 34.25% of the stock is owned by company insiders.

Reddit Price Performance

Shares of NYSE:RDDT opened at $231.33 on Friday. The firm has a market capitalization of $43.84 billion, a price-to-earnings ratio of 132.95, a price-to-earnings-growth ratio of 1.55 and a beta of 2.17. The business’s 50 day simple moving average is $223.41 and its 200-day simple moving average is $210.72. Reddit Inc. has a 12 month low of $79.75 and a 12 month high of $282.95.

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

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Strategic partnership: Emplifi integrated Reddit’s Enterprise API, positioning Reddit as a signal in a large marketing platform — this supports enterprise monetization and data-product adoption. Read More.
• Positive Sentiment: Analyst momentum: Wells Fargo raised its target price and Reddit’s momentum metrics surged into a high percentile, which likely attracted momentum and quant buyers. Read More.
• Neutral Sentiment: Earnings date set: Reddit will release Q4 and FY2025 results on Feb 5, giving investors a clear near‑term catalyst for revenue/ads guidance and SMB traction. Read More.
• Neutral Sentiment: Stock is widely watched: Zacks highlights RDDT as a stock drawing investor attention, which can amplify moves around news and analyst notes. Read More.
• Neutral Sentiment: Minor insider sale: Director Andrew Vollero sold 300 shares — a small, likely immaterial transaction. Read More.
• Negative Sentiment: Large insider sale: Reddit’s CFO sold nearly $960k of stock — sizable insider selling can spook investors and raise questions about near‑term conviction. Read More.
• Negative Sentiment: Analyst concerns on SMB ad checks: RBC flagged challenges with small‑business ad checks and mixed ad feedback, pressuring sentiment around ad revenue sustainability. Read More.
• Negative Sentiment: Mixed ad feedback: Multiple outlets report analysts warning of uneven advertiser feedback, which feeds worries about near‑term ad monetization and growth. Read More.
• Negative Sentiment: Recent price weakness: Coverage notes a sharp intraday drop recently and commentary calling the move a significant selloff, reflecting heightened volatility. Read More.
• Negative Sentiment: Broader market trigger: News that shook growth stocks (FDA delay for a major weight‑loss drug) contributed to a stumble in Reddit shares as risk‑on sentiment softened. Read More.
• Negative Sentiment: Retail investor mixed view: After a recent sharp down day, retail traders flagged trouble but some remain bullish — an indicator of potential short‑term volatility as sentiment rebalances. Read More.
• Negative Sentiment: Explanatory coverage: Multiple outlets ran pieces titled that Reddit is “nosediving”—the tone can amplify selling pressure among momentum traders. Read More.

Wall Street Analyst Weigh In

RDDT has been the subject of several analyst reports. JMP Securities restated a “market outperform” rating and set a $300.00 price target on shares of Reddit in a research note on Friday, October 3rd. UBS Group set a $265.00 price objective on shares of Reddit in a research note on Tuesday. Wells Fargo & Company upped their price objective on shares of Reddit from $186.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Zacks Research lowered shares of Reddit from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, Citigroup increased their price target on shares of Reddit from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $238.57.

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.