Aberdeen Group plc Makes New $222,000 Investment in Reddit Inc. $RDDT

Aberdeen Group plc bought a new stake in Reddit Inc. (NYSE:RDDT) in the second quarter, HoldingsChannel.com reports. The firm bought 1,472 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC raised its stake in Reddit by 100.0% in the 1st quarter. CWM LLC now owns 256 shares of the company’s stock worth $27,000 after purchasing an additional 128 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Reddit during the first quarter worth approximately $31,000. Geneos Wealth Management Inc. raised its position in shares of 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 buying an additional 286 shares in the last quarter. Western Pacific Wealth Management LP bought a new stake in shares of Reddit in the second quarter valued at approximately $60,000. Finally, Canton Hathaway LLC bought a new stake in shares of Reddit in the first quarter valued at approximately $43,000.

Insider Activity at Reddit

In other news, CTO Christopher Brian Slowe sold 28,000 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $218.94, for a total transaction of $6,130,320.00. Following the completion of the transaction, the chief technology officer directly owned 222,534 shares in the company, valued at approximately $48,721,593.96. This represents a 11.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Vollero sold 30,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $218.09, for a total value of $6,542,700.00. Following the completion of the transaction, the chief financial officer owned 284,168 shares of the company’s stock, valued at $61,974,199.12. The trade was a 9.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 382,500 shares of company stock worth $86,159,231 in the last 90 days. 34.25% of the stock is currently owned by company insiders.

Reddit Stock Down 2.0%

Reddit stock opened at $195.00 on Friday. Reddit Inc. has a 12-month low of $76.42 and a 12-month high of $282.95. The business’s 50-day moving average price is $228.39 and its two-hundred day moving average price is $162.67. The stock has a market cap of $36.50 billion, a PE ratio of 177.27, a P/E/G ratio of 2.98 and a beta of 2.23.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The firm had revenue of $499.63 million during the quarter, compared to analysts’ expectations of $424.07 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. The business’s revenue for the quarter was up 77.9% compared to the same quarter last year. Reddit has set its Q3 2025 guidance at EPS. As a group, analysts expect that Reddit Inc. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RDDT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Reddit in a report on Wednesday, October 8th. Guggenheim raised their price target on Reddit from $165.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Truist Financial boosted their price target on Reddit from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Reddit in a research note on Wednesday, October 1st. Finally, Zacks Research cut shares of Reddit from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $209.50.

Reddit Profile

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.