<div id="readability-page-1"><p>Reddit, Inc. (NYSE:RDDT - Get Free Report)'s share price dropped 5.1% on Wednesday following insider selling activity. The company traded as low as $100.88 and last traded at $100.29. Approximately 1,727,077 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 5,946,626 shares. The stock had previously closed at $105.64.</p><ul><li>3 Undervalued Stocks Wall Street Is Getting Wrong</li></ul><p>Specifically,  COO Jennifer L. Wong sold 33,333 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $113.38, for a total transaction of $3,779,295.54. Following the completion of the transaction, the chief operating officer now owns 1,466,119 shares of the company's stock, valued at approximately $166,228,572.22. The trade was a 2.22% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. Also, CEO Steve Ladd Huffman sold 124,408 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $114.98, for a total value of $14,304,431.84. Following the transaction, the chief executive officer now directly owns 577,013 shares of the company's stock, valued at $66,344,954.74. This trade represents a 17.74% decrease in their position. The disclosure for this sale can be found here. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities research analysts recently weighed in on the company. Piper Sandler  restated an &#34;overweight&#34; rating and set a $150.00 price objective (up previously from $140.00) on shares of Reddit in a research report on Friday, May 2nd. B. Riley  restated a &#34;buy&#34; rating and set a $220.00 price objective (down previously from $222.00) on shares of Reddit in a research report on Friday, May 2nd. Roth Capital  restated a &#34;neutral&#34; rating on shares of Reddit in a research report on Friday, May 2nd. JMP Securities  reiterated a &#34;market outperform&#34; rating and issued a $180.00 price target on shares of Reddit in a research report on Friday, May 2nd. Finally, Morgan Stanley reduced their price target on Reddit from $210.00 to $140.00 and set an &#34;overweight&#34; rating on the stock in a research report on Thursday, April 17th. One investment analyst  has rated the stock with a sell rating, eight have issued  a hold rating, twelve have given a buy rating and two have assigned  a strong buy rating to the stock. According to data from MarketBeat.com, the stock  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $141.36.</p><ul><li>Is Reddit Stock a Buy, Sell, or Hold After Earnings Release?</li></ul><p><b>Check Out Our Latest Report on Reddit</b></p><h2>Reddit Price Performance</h2><p>The firm has a fifty day simple moving average of $108.63 and a two-hundred day simple moving average of $145.59. The firm has a market capitalization of $18.56 billion, a P/E ratio of -13.11, a price-to-earnings-growth ratio of 4.72 and a beta of 2.90. </p><ul><li>Reddit Stock Eyes Double-Digit Upside on Analyst Targets</li></ul><p>Reddit (NYSE:RDDT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Reddit had a negative return on equity of 24.71% and a negative net margin of 37.25%. The firm had revenue of $392.36 million during the quarter, compared to analyst estimates of $370.55 million. During the same period last year, the company earned ($8.19) earnings per share. The business's revenue for the quarter was up 61.5% on a year-over-year basis.  On average, research analysts anticipate that  Reddit, Inc. will post 1.12 EPS for the current year. </p><h2>Hedge Funds Weigh In On Reddit</h2><p>A number of large investors have recently made changes to their positions in the stock. Plato Investment Management Ltd bought a new stake in  Reddit during the fourth quarter valued at $27,000.  EverSource Wealth Advisors LLC bought a new stake in  Reddit during the fourth quarter valued at $28,000.  Farmers &amp; Merchants Investments Inc. bought a new stake in  Reddit during the fourth quarter valued at $33,000.  Bogart Wealth LLC purchased a new stake in  Reddit during the fourth quarter valued at about $33,000.  Finally, Allworth Financial LP raised its position in  Reddit by 970.0% during the fourth quarter. Allworth Financial LP now owns 214 shares of the company's stock valued at $35,000 after purchasing an additional 194 shares in the last quarter. </p><h2>About Reddit</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Reddit</li><li>About the Markup Calculator</li><li>Rivian Stock Below $20: Charging Up or in the Breakdown Lane?</li><li>How Investors Can Identify and Successfully Trade Gap-Down Stocks</li><li>Best Utilities Stocks for Stability and Growth in 2025</li><li>Quiet Period Expirations Explained</li><li>Qualcomm’s Re-Entry Into the CPU Market May Not Be Enough</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Reddit Right Now?</h2><p>Before you consider Reddit, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Reddit wasn't on the list.</p><p>While Reddit currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

RDDT

<p>Reddit (NYSE:RDDT) shares fell 5.1% to $100.29 following insider selling by COO Jennifer L. Wong and CEO Steve Ladd Huffman. Wong sold 33,333 shares at $113.38, while Huffman sold 124,408 shares at $114.98. Analysts have mixed ratings on Reddit, with a consensus of "Moderate Buy" and an average price target of $141.36. The company reported a 61.5% year-over-year revenue increase, with $392.36 million in revenue and $0.13 EPS, surpassing estimates. Reddit's market cap stands at $18.56 billion, with a P/E ratio of -13.11.</p>

Reddit (NYSE:RDDT) Shares Down 5.1% Following Insider Selling