<div id="readability-page-1"><p>Shares of Reddit Inc. (NYSE:RDDT - Get Free Report) reached a new 52-week high on Wednesday after Jefferies Financial Group raised their price target on the stock from $230.00 to $300.00. Jefferies Financial Group currently has a buy rating on the stock. Reddit traded as high as $255.30 and last traded at $253.21, with a volume of 2699849 shares. The stock had previously closed at $240.20.</p><ul><li>3 Undervalued Stocks Analysts Are Loving Right Now—Should You?</li></ul><p>RDDT has been the topic of several other research reports. Needham &amp; Company LLC raised their price target on Reddit from $165.00 to $215.00 and gave the company a &#34;buy&#34; rating in a report on Friday, August 1st. Wolfe Research upgraded Reddit to an &#34;outperform&#34; rating in a research report on Sunday, August 3rd. Morgan Stanley increased their price objective on Reddit from $170.00 to $230.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday, August 1st. Sanford C. Bernstein increased their price objective on Reddit from $130.00 to $150.00 and gave the company a &#34;market perform&#34; rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded Reddit from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Sunday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned  a Buy rating, nine have assigned  a Hold rating and one  has issued  a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $180.58.</p><p><b>Check Out Our Latest Report on Reddit</b></p><h2>Insider Buying and Selling</h2><ul><li>Take Profits Now: 3 Overbought Stocks Primed for a Pullback</li></ul><p>In other news, COO Jennifer L. Wong sold 40,967 shares of Reddit stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $220.38, for a total value of $9,028,307.46. Following the sale, the chief operating officer directly owned 120,033 shares in the company, valued at approximately $26,452,872.54. This trade represents a 25.45% decrease in their position. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Vollero sold 30,000 shares of Reddit stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $117.64, for a total value of $3,529,200.00. Following the completion of the sale, the chief financial officer owned 333,806 shares in the company, valued at approximately $39,268,937.84. This represents a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 516,777 shares of company stock valued at $88,790,076 in the last 90 days. 34.25% of the stock is owned by insiders. </p><h2>Institutional Investors Weigh In On Reddit</h2><p>Large investors have recently made changes to their positions in the business. CWM LLC grew its position in shares of  Reddit by 100.0% in the 1st quarter. CWM LLC now owns 256 shares of the company's stock worth $27,000 after buying an additional 128 shares during the last quarter.  Stone House Investment Management LLC purchased a new position in shares of  Reddit in the 1st quarter valued at approximately $31,000.  Financial Perspectives Inc purchased a new position in shares of  Reddit in the 2nd quarter valued at approximately $34,000.  Geneos Wealth Management Inc. lifted its stake 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 purchasing an additional 286 shares during the period.  Finally, Canton Hathaway LLC purchased a new position in shares of  Reddit in the 1st quarter valued at approximately $43,000. </p><h2>Reddit Trading Up 5.5%</h2><ul><li>Is Reddit Stock Too Hot, or Just Right?</li></ul><p>The company has a market cap of $47.41 billion, a PE ratio of 229.56, a PEG ratio of 3.65 and a beta of 2.40. The stock has a 50 day moving average price of $190.30 and a 200 day moving average price of $143.71. </p><p>Reddit (NYSE:RDDT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.25. The company had revenue of $499.63 million during the quarter, compared to analysts' expectations of $424.07 million. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The firm's revenue for the quarter was up 77.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS.  Reddit has set its Q3 2025 guidance at  EPS. Equities analysts expect that  Reddit Inc. will post 1.12 EPS for the current fiscal year. </p><h2>Reddit Company Profile</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>Recommended Stories</h2><ul><li>Five stocks we like better than Reddit</li><li>The 3 Best Blue-Chip Stocks to Buy Now</li><li>The Utilities Stock at the Center of AI and Rising Electric Bills</li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>Oracle Has Spoken: AI Changes Everything</li><li>What Investors Need to Know About Upcoming IPOs</li><li>Beyond DIY: Home Depot's Conquest of the Professional Market</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>Shares of Reddit Inc. (NYSE:RDDT) reached a new 52-week high of $255.30 after Jefferies Financial Group raised its price target from $230 to $300, maintaining a buy rating. Other analysts also upgraded their ratings, with a consensus price target of $180.58. Insider selling was noted, with COO Jennifer L. Wong and CFO Andrew Vollero reducing their stakes. Reddit reported a Q2 EPS of $0.45, exceeding estimates, with revenue up 77.9% year-over-year. The stock has a market cap of $47.41 billion and a PE ratio of 229.56.</p>

Reddit (NYSE:RDDT) Sets New 52-Week High After Analyst Upgrade