David Habiger, who serves as the Chair of Reddit’s board, bought 780 shares of the social media company last Thursday at a weighted average price of $126.07.
The stock market experienced a notable rise on Friday, with the S&P 500 gaining over 0.65% to 5,675.12 and the Nasdaq Composite climbing 0.3% to 17,808.66.
Redburn Atlantic said Reddit’s significant premium versus that of social e-commerce company Pinterest would be viewed as “far too lofty,” especially as Reddit’s growth rates start to stabilize.
In recent years, Reddit (NASDAQRDDT) has emerged as a surprising player in the world of finance. Subreddits like r/WallStreetBets have gained massive attention, especially after the 2021 GameStop stock surge, where retail investors banded together to drive up the price of a struggling retailer’s shares. The platform’
"You get what you pay for" often applies to expensive stocks with best-in-class business models and execution.
While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change.
Loop Capital analyst Alan Gould estimates that Reddit's revenue and earnings before interest, taxes, depreciation, and amortization will grow 36% and 87%, respectively, in 2025.
Markets bounced back in early afternoon trading Tuesday as Ukraine signaled its readiness to accept a U.S.-backed proposal for a 30-day ceasefire, an agreement that could be extended if both sides comply.
Shares of online community and discussion platform Reddit (NYSERDDT) jumped 12.3% in the morning session after Loop Capital analysts provided bullish projections following the stock's recent declines. The analysts said Reddit had "the biggest upside potential relative to Street estimates in our coverage universe." As a result, the analysts reiterated a Buy rating and raised their price target from $180 to $210. The new price target implied more than a 78% upside from where shares traded before the revised rating.
Trump criticizes UK for Apple encryption demand, Melania advocates for online safety, Tim Cook teases new product, Honor invests in AI, Google disables extensions for Chrome users.
Among the news tools announced by Reddit is post-insights that will now give feedback to users with views, upvotes, shares, etc, for their posts to improve their future posts.
