Latest news with #RedditInc
Business Insider
3 days ago
- Business
- Business Insider
Roth MKM Remains a Hold on Reddit Inc Class A (RDDT)
In a report released today, Rohit Kulkarni from Roth MKM maintained a Hold rating on Reddit Inc Class A, with a price target of $145.00. The company's shares closed last Friday at $148.24. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Kulkarni covers the Communication Services sector, focusing on stocks such as Meta Platforms, Snap, and Pinterest. According to TipRanks, Kulkarni has an average return of 22.2% and a 61.43% success rate on recommended stocks. In addition to Roth MKM, Reddit Inc Class A also received a Hold from Robert W. Baird's Colin Sebastian in a report issued on July 8. However, yesterday, Morgan Stanley maintained a Buy rating on Reddit Inc Class A (NYSE: RDDT). Based on Reddit Inc Class A's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $392.36 million and a net profit of $26.16 million. In comparison, last year the company earned a revenue of $242.96 million and had a GAAP net loss of $575.07 million
Globe and Mail
5 days ago
- Business
- Globe and Mail
Investor Alert: Deadline Approaching to Join Reddit, Inc. (RDDT) Class Action - Contact Levi & Korsinsky
New York, New York--(Newsfile Corp. - July 18, 2025) - If you suffered a loss on your Reddit, Inc. (NYSE: RDDT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: or contact Joseph E. Levi, Esq. via email at jlevi@ or call (212) 363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed against Reddit, Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between October 29, 2024 and May 20, 2025. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) changes in Google Search's algorithm and features like AI Overview were causing users to stop their query on Google Search; (ii) these algorithm changes were materially different than prior instances of reduced traffic to the Reddit website; (iii) defendants were aware that the increase in the query term "Reddit" on search engines was because users were getting the sought after answer from Google Search without having to go to Reddit, and not because they intended to visit Reddit; (iv) this zero-click search reality was dramatically reducing traffic to Reddit in a manner the Company was unable to overcome in the short term; (v) defendants, therefore, lacked a reasonable basis for their outlook on user rates and advertising revenues; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times. WHAT'S NEXT? If you suffered a loss in Reddit, Inc. stock during the relevant time frame - even if you still hold your shares - go to to learn about your rights to seek a recovery. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
Yahoo
6 days ago
- Business
- Yahoo
Reddit Inc. (RDDT) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest trading session, Reddit Inc. (RDDT) closed at $142.52, marking a -1.24% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.54%. Meanwhile, the Dow gained 0.52%, and the Nasdaq, a tech-heavy index, added 0.74%. Prior to today's trading, shares of the company had gained 2.23% lagged the Computer and Technology sector's gain of 5.77% and the S&P 500's gain of 4.2%. Analysts and investors alike will be keeping a close eye on the performance of Reddit Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on July 31, 2025. The company is predicted to post an EPS of $0.19, indicating a 416.67% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $426.39 million, up 51.64% from the year-ago period. RDDT's full-year Zacks Consensus Estimates are calling for earnings of $1.21 per share and revenue of $1.85 billion. These results would represent year-over-year changes of +136.34% and +42.07%, respectively. It is also important to note the recent changes to analyst estimates for Reddit Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Reddit Inc. presently features a Zacks Rank of #4 (Sell). Investors should also note Reddit Inc.'s current valuation metrics, including its Forward P/E ratio of 119.62. This valuation marks a premium compared to its industry average Forward P/E of 28.39. We can also see that RDDT currently has a PEG ratio of 3.7. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.11 based on yesterday's closing prices. The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 30% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Reddit Inc. (RDDT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
16-07-2025
- CNA
Reddit back up after outage affects over 100,000 users
Social media platform Reddit said on Wednesday its services were restored, after a global outage affected more than 100,000 users according to reports on Downdetector. Reddit said on its status page the incident has been resolved after an investigation into elevated site errors. At the peak of the outage, there were around 138,828 U.S. incidents of people reporting issues with Reddit on Downdetector, a website that collates status reports from various sources to track outages. The number of U.S. reports came down to 1,285 as of 12:31 p.m. ET. The actual number of affected users could vary. Reddit had also experienced an outage last month which affected nearly 31,000 users.
Yahoo
16-07-2025
- General
- Yahoo
Reddit down for thousands of US users, Downdetector shows
(Reuters) -Social media platform Reddit was down for thousands of users in the U.S. on Wednesday, according to outage tracking website There were more than 32,691 incidents of people reporting issues with the platform as of 11:39 am ET, according to Downdetector, which tracks outages by collating status reports from a number of sources. Reddit said it is investigating elevated site errors.
