Reddit (NYSE:RDDT) Cut to Hold at Wall Street Zen

Posted by George Bondi on Aug 12th, 2026

Wall Street Zen cut shares of Reddit (NYSE:RDDT – Free Report) from a buy rating to a hold rating in a report released on Sunday.

Several other equities analysts have also recently weighed in on the company. Rothschild & Co Redburn set a $110.00 price objective on Reddit in a report on Monday, April 27th. Wedbush lowered their target price on Reddit from $250.00 to $221.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Telsey Advisory Group set a $240.00 target price on shares of Reddit in a report on Friday, July 31st. JPMorgan Chase & Co. dropped their target price on shares of Reddit from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Finally, Robert W. Baird set a $185.00 price target on shares of Reddit in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Reddit currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.90.

Read Our Latest Stock Report on RDDT

Reddit Trading Down 1.7%

Shares of Reddit stock opened at $156.04 on Friday. The stock’s fifty day simple moving average is $176.04 and its 200 day simple moving average is $160.56. The company has a market capitalization of $30.02 billion, a PE ratio of 36.29, a PEG ratio of 0.53 and a beta of 2.03. Reddit has a 12 month low of $119.27 and a 12 month high of $282.95.

Reddit (NYSE:RDDT – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.30. Reddit had a return on equity of 29.02% and a net margin of 31.35%.The firm had revenue of $804.91 million during the quarter, compared to analysts’ expectations of $731.00 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The company’s revenue was up 61.0% on a year-over-year basis. Analysts predict that Reddit will post 5.22 EPS for the current fiscal year.

Insider Transactions at Reddit

In other news, CEO Steve Ladd Huffman sold 18,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $178.26, for a total transaction of $3,208,680.00. Following the completion of the transaction, the chief executive officer directly owned 373,814 shares of the company’s stock, valued at $66,636,083.64. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Marie Reynolds sold 808 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $200.00, for a total value of $161,600.00. Following the transaction, the chief accounting officer owned 15,060 shares of the company’s stock, valued at approximately $3,012,000. The trade was a 5.09% 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 sold 169,141 shares of company stock valued at $28,464,485 over the last three months. Company insiders own 28.48% of the company’s stock.

Institutional Trading of Reddit

A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in Reddit by 143.3% in 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 in the last quarter. Empowered Funds LLC bought a new stake in Reddit during the 1st quarter worth about $213,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of 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 worth $22,759,000 after buying an additional 111,780 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of 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 buying an additional 2,965 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings 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 acquiring an additional 286 shares in the last quarter.

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.