Reddit (NYSE:RDDT) Stock Rating Upgraded by Wall Street Zen

Reddit (NYSE:RDDT) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other research analysts have also recently issued research reports about the company. B. Riley Financial lifted their target price on Reddit from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Zacks Research downgraded shares of Reddit from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. B. Riley Securities lifted their price target on shares of Reddit from $245.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 6th. Roth Mkm increased their price objective on shares of Reddit from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group raised their target price on shares of Reddit from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $240.93.

Reddit Price Performance

NYSE RDDT opened at $139.62 on Friday. The business has a fifty day moving average price of $212.78 and a two-hundred day moving average price of $214.39. The stock has a market capitalization of $26.46 billion, a PE ratio of 53.29, a PEG ratio of 0.97 and a beta of 2.17. Reddit has a fifty-two week low of $79.75 and a fifty-two week high of $282.95.

Reddit (NYSE:RDDT) last posted its quarterly earnings results on Thursday, February 5th. The company reported $1.24 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $665.80 million. During the same quarter in the previous year, the firm earned $0.36 EPS. Reddit’s revenue was up 69.7% on a year-over-year basis. As a group, sell-side analysts expect that Reddit will post 1.12 earnings per share for the current year.

Insider Buying and Selling at Reddit

In other Reddit news, CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $183.18, for a total transaction of $3,297,240.00. Following the sale, the chief executive officer directly owned 448,576 shares of the company’s stock, valued at $82,170,151.68. The trade was a 3.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Christopher Brian Slowe sold 11,464 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $149.74, for a total transaction of $1,716,619.36. Following the transaction, the chief technology officer directly owned 165,694 shares of the company’s stock, valued at $24,811,019.56. The trade was a 6.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 502,975 shares of company stock worth $109,585,305 over the last quarter. Insiders own 34.25% of the company’s stock.

Institutional Inflows and Outflows

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

Key Headlines Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Director Sarah E. Farrell materially increased her stake (large purchases spanning Feb. 10–11, ~50,500 shares cumulatively), an obvious insider vote of confidence that likely helped lift the stock. Reddit soars over 6% after director buys shares worth $7.48M
• Positive Sentiment: Reddit expanded ad distribution/measurement reach via integrations (Shirofune omnichannel ad workflow) that could boost ad demand and make buying Reddit inventory easier for agencies. Shirofune Integration Puts Reddit Ads Directly Into Omnichannel Budget Decisions
• Positive Sentiment: Meltwater earned Official Data Partner status with Reddit, a commercial/data partnership that broadens third‑party analytics and signals enterprise adoption of Reddit content for research/marketing. Meltwater Earns Official Data Partner Status with Reddit
• Positive Sentiment: Sell‑side commentary (Needham and others) highlights strong ad momentum and AI tools as sustainable growth drivers — supportive for sentiment if execution continues. Can Reddit (RDDT) Sustain Its Momentum? Needham Thinks So
• Neutral Sentiment: Reddit is a top searched ticker lately, which increases attention and intraday volatility but is not a direct fundamental catalyst. Investors Heavily Search Reddit Inc. (RDDT): Here is What You Need to Know
• Negative Sentiment: CTO Christopher Slowe sold ~11.5k shares (~6.5% cut to his position), a move markets often view as a cautionary signal when senior tech leadership reduces exposure. SEC filing: Form 4 — Christopher Slowe sale
• Negative Sentiment: Recent coverage notes a ~46% decline over the past month amid macro headwinds and ad competition; that magnitude of drawdown can pressure sentiment and trigger momentum selling. Reddit Stock Declines 46% in a Month: Should You Buy, Hold or Sell?

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.