Reddit (RDDT) Expected to Announce Quarterly Earnings on Thursday

Reddit (NYSE:RDDT) is projected to announce its Q2 2025 earnings results after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.68 per share and revenue of $424.07 million for the quarter. Reddit has set its Q2 2025 guidance at EPS.

Reddit (NYSE:RDDT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. Reddit had a return on equity of 5.69% and a net margin of 8.07%. The company had revenue of $392.36 million during the quarter, compared to analyst estimates of $370.55 million. During the same quarter in the previous year, the company posted ($8.19) earnings per share. Reddit’s revenue was up 61.5% compared to the same quarter last year. On average, analysts expect Reddit to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Reddit Price Performance

Shares of RDDT opened at $151.81 on Tuesday. The business has a fifty day moving average of $132.10 and a 200 day moving average of $138.41. Reddit has a one year low of $49.13 and a one year high of $230.41. The firm has a market capitalization of $28.01 billion, a P/E ratio of 257.31, a PEG ratio of 3.84 and a beta of 2.33.

Insider Buying and Selling

In related news, COO Jennifer L. Wong sold 33,334 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $142.06, for a total value of $4,735,428.04. Following the sale, the chief operating officer directly owned 1,428,007 shares in the company, valued at approximately $202,862,674.42. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michelle Marie Reynolds sold 3,500 shares of the business’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $150.64, for a total value of $527,240.00. Following the completion of the sale, the chief accounting officer owned 37,868 shares in the company, valued at $5,704,435.52. This represents a 8.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 506,809 shares of company stock valued at $61,884,325 in the last ninety days. Company insiders own 34.25% of the company’s stock.

Institutional Investors Weigh In On Reddit

A number of hedge funds have recently made changes to their positions in RDDT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Reddit by 106.3% during 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 valued at $22,759,000 after purchasing an additional 111,780 shares during the period. Focus Partners Wealth raised its position in Reddit by 40.8% during the first quarter. Focus Partners Wealth now owns 10,224 shares of the company’s stock valued at $1,073,000 after purchasing an additional 2,965 shares during the period. NewEdge Advisors LLC raised its position in Reddit by 143.3% during the first quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock valued at $837,000 after purchasing an additional 4,701 shares during the period. Empowered Funds LLC purchased a new stake in Reddit during the first quarter valued at approximately $213,000. Finally, Geneos Wealth Management Inc. raised its position in Reddit by 344.6% during the first 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 period.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Truist Financial assumed coverage on Reddit in a report on Monday, April 7th. They set a “buy” rating and a $150.00 price target for the company. Loop Capital cut their price target on Reddit from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, June 12th. Roth Capital boosted their price target on Reddit from $130.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 21st. JPMorgan Chase & Co. cut their price target on Reddit from $185.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Oppenheimer assumed coverage on Reddit in a report on Wednesday, April 16th. They set an “outperform” rating and a $125.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.08.

About Reddit

Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.