Reddit (NYSE:RDDT) Stock Price Up 11.3% – What’s Next?

Posted by Geri Gentry on Jun 15th, 2026

Reddit Inc. (NYSE:RDDT – Get Free Report)’s stock price rose 11.3% during trading on Monday . The stock traded as high as $180.62 and last traded at $180.4510. Approximately 3,418,368 shares changed hands during trading, a decline of 35% from the average daily volume of 5,290,479 shares. The stock had previously closed at $162.10.

Analyst Upgrades and Downgrades

RDDT has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on shares of Reddit from $149.00 to $176.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Raymond James Financial set a $180.00 target price on shares of Reddit and gave the company a “market perform” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Reddit from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Loop Capital reaffirmed a “buy” rating and issued a $260.00 target price on shares of Reddit in a report on Thursday, June 4th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Reddit in a report on Tuesday, May 26th. Eighteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Reddit currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.75.

Get Our Latest Analysis on Reddit

Reddit Stock Performance

The stock has a market capitalization of $35.00 billion, a P/E ratio of 51.95 and a beta of 1.91. The company’s fifty day simple moving average is $157.38 and its two-hundred day simple moving average is $176.75.

Reddit (NYSE:RDDT – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.39. The firm had revenue of $663.41 million for the quarter, compared to analysts’ expectations of $607.74 million. Reddit had a net margin of 28.60% and a return on equity of 25.48%. The business’s revenue was up 69.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. On average, research analysts predict that Reddit Inc. will post 4.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Reddit

In other Reddit news, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $174.13, for a total value of $3,134,340.00. Following the transaction, the chief executive officer directly owned 373,814 shares of the company’s stock, valued at $65,092,231.82. This represents a 4.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer L. Wong sold 39,167 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $161.47, for a total transaction of $6,324,295.49. Following the completion of the transaction, the chief operating officer directly owned 1,088,451 shares in the company, valued at approximately $175,752,182.97. This represents a 3.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 232,499 shares of company stock valued at $36,123,803 in the last three months. 28.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Raiffeisen Bank International AG acquired a new position in shares of Reddit during the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. grew its position in shares of Reddit by 87.5% during the 1st quarter. Sunbelt Securities Inc. now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. GW&K Investment Management LLC acquired a new position in shares of Reddit during the 3rd quarter worth approximately $30,000. Ascentis Independent Advisors acquired a new position in shares of Reddit during the 1st quarter worth approximately $30,000. Finally, LOM Asset Management Ltd acquired a new position in shares of Reddit during the 4th quarter worth approximately $33,000.

Reddit Company Profile

(Get Free Report)

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.