<div id="readability-page-1"><p>Reddit Inc. (NYSE:RDDT - Get Free Report) was the target of unusually large options trading activity on Thursday. Investors  bought  61,137 call options on the company. This represents an increase of 35% compared to the average daily volume of 45,415 call options.</p><h2>Reddit Trading Up 8.6%</h2><ul><li>Is Reddit's Stock Collapse a Buying Opportunity?</li></ul><p>NYSE RDDT traded up $14.54 on Thursday, hitting $184.03. 5,258,023 shares of the company's stock traded hands, compared to its average volume of 5,338,203. The firm's 50-day moving average price is $151.50 and its two-hundred day moving average price is $177.46. The firm has a market capitalization of $35.43 billion, a PE ratio of 52.49 and a beta of 1.91. Reddit has a 1-year low of $110.85 and a 1-year high of $282.95. </p><p>Reddit (NYSE:RDDT - Get Free Report) last announced 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 company had revenue of $663.41 million during the quarter, compared to analysts' expectations of $607.74 million. Reddit had a return on equity of 25.48% and a net margin of 28.60%.Reddit's quarterly revenue was up 69.1% on a year-over-year basis. During the same period last year, the business earned $0.13 earnings per share.  On average, research analysts anticipate that  Reddit will post 4.83 earnings per share for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><ul><li>Insiders Step in to Buy These 3 Tanking Stocks</li></ul><p>In other Reddit news, CEO Steve Ladd Huffman sold 18,000 shares of the business's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $171.80, for a total value of $3,092,400.00. Following the completion of the transaction, the chief executive officer directly owned 411,195 shares in the company, valued at approximately $70,643,301. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Christopher Brian Slowe sold 15,500 shares of the business's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $150.67, for a total transaction of $2,335,385.00. Following the completion of the transaction, the chief technology officer owned 38,413 shares of the company's stock, valued at $5,787,686.71. This represents a 28.75% 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. Over the last ninety days, insiders sold 259,999 shares of company stock worth $39,812,508. 28.48% of the stock is owned by corporate insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Institutional investors have recently bought and sold shares of the stock. Huntington National Bank lifted its holdings in  Reddit by 25.6% during the third quarter. Huntington National Bank now owns 270 shares of the company's stock valued at $62,000 after purchasing an additional 55 shares in the last quarter.  Institute for Wealth Management LLC. lifted its holdings in  Reddit by 6.1% during the fourth quarter. Institute for Wealth Management LLC. now owns 1,071 shares of the company's stock valued at $246,000 after purchasing an additional 62 shares in the last quarter.  Roxbury Financial LLC lifted its holdings in  Reddit by 7.4% during the fourth quarter. Roxbury Financial LLC now owns 929 shares of the company's stock valued at $214,000 after purchasing an additional 64 shares in the last quarter.  Florida Financial Advisors LLC lifted its holdings in  Reddit by 6.7% during the fourth quarter. Florida Financial Advisors LLC now owns 1,087 shares of the company's stock valued at $250,000 after purchasing an additional 68 shares in the last quarter.  Finally, Diversified Trust Co lifted its holdings in  Reddit by 2.1% during the first quarter. Diversified Trust Co now owns 3,271 shares of the company's stock valued at $440,000 after purchasing an additional 68 shares in the last quarter. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Reddit Buy Alert: Could It Really Have 40% Upside Potential?</li></ul><p>A number of research analysts have recently weighed in on RDDT shares. Citigroup  reissued a &#34;market outperform&#34; rating on shares of Reddit in a report on Tuesday, May 26th. Loop Capital  reissued a &#34;buy&#34; rating and issued a $260.00 price objective on shares of Reddit in a report on Thursday. Zacks Research raised Reddit from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Tuesday, May 5th. Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Reddit in a report on Friday, May 8th. Finally, Cantor Fitzgerald lifted their price objective on shares of Reddit from $170.00 to $180.00 and gave the company a &#34;neutral&#34; rating in a research note on Friday, May 1st. One investment analyst  has rated the stock with a Strong Buy rating, eighteen have assigned  a Buy rating and eleven have assigned  a Hold rating to the company's stock. According to MarketBeat, the company  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $230.75.</p><p><b>Read Our Latest Report on Reddit</b></p><h2>Reddit Company Profile</h2> (Get Free Report)<p>Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called &#34;subreddits,&#34; 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.  </p><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Reddit</li><li>The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro in Focus</li><li>Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand</li><li>Medtronic Bottoms, Healthy Rebound Ahead</li><li>GitLab’s Price Recovery Gains Traction—Time to Get On Board?</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 reporting and unbiased coverage. 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>

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<p>Reddit (NYSE:RDDT) saw unusual options activity with investors purchasing 61,137 call options, a 35% increase over the daily average. The stock rose 8.6% to $184.03 following strong quarterly earnings that beat estimates. While institutional investors increased holdings, insiders including CEO Steve Huffman sold shares under pre-arranged plans. Analysts maintain positive ratings, with Loop Capital setting a $260 price target.</p>

Traders Buy Large Volume of Call Options on Reddit (NYSE:RDDT)