Roth Capital Forecasts Reddit's Q1 Earnings (NYSE:RDDT)

Reddit, Inc. (NYSE:RDDT - Free Report) - Analysts at Roth Capital issued their Q1 2026 earnings estimates for Reddit in a research report issued to clients and investors on Monday, April 28th. Roth Capital analyst R. Kulkarni expects that the company will post earnings per share of $0.11 for the quarter. Roth Capital has a "Hold" rating on the stock. The consensus estimate for Reddit's current full-year earnings is $1.12 per share. Roth Capital also issued estimates for Reddit's Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.43 EPS and Q4 2026 earnings at $0.68 EPS.

Reddit (NYSE:RDDT - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Reddit had a negative net margin of 37.25% and a negative return on equity of 24.71%. The firm had revenue of $392.36 million for the quarter, compared to analysts' expectations of $370.55 million. During the same quarter in the previous year, the firm posted ($8.19) earnings per share. The company's revenue was up 61.5% on a year-over-year basis.

Several other research firms also recently issued reports on RDDT. Loop Capital reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Reddit in a research note on Tuesday, March 11th. Needham & Company LLC lifted their price target on shares of Reddit from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Friday. Raymond James decreased their price objective on Reddit from $250.00 to $200.00 and set a "strong-buy" rating for the company in a report on Wednesday, March 12th. Redburn Atlantic started coverage on Reddit in a report on Monday, March 17th. They set a "sell" rating and a $75.00 target price on the stock. Finally, Bank of America reduced their price target on Reddit from $190.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Reddit has a consensus rating of "Moderate Buy" and an average price target of $142.30.

Reddit Trading Down 4.9 %

RDDT traded down $5.78 on Tuesday, reaching $113.01. The stock had a trading volume of 29,544,738 shares, compared to its average volume of 5,825,602. The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of -14.62, a price-to-earnings-growth ratio of 4.72 and a beta of 2.89. Reddit has a fifty-two week low of $46.75 and a fifty-two week high of $230.41. The firm has a 50-day moving average of $116.82 and a 200-day moving average of $143.67.

Institutional Investors Weigh In On Reddit

A number of institutional investors and hedge funds have recently bought and sold shares of RDDT. FMR LLC grew its stake in shares of Reddit by 7.5% in the 4th quarter. FMR LLC now owns 13,070,780 shares of the company's stock worth $2,136,288,000 after acquiring an additional 913,189 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Reddit by 184.2% during the fourth quarter. Vanguard Group Inc. now owns 9,181,390 shares of the company's stock worth $1,500,606,000 after purchasing an additional 5,950,909 shares during the last quarter. Jennison Associates LLC bought a new stake in Reddit in the 4th quarter worth about $494,861,000. Alliancebernstein L.P. increased its stake in Reddit by 1,011.1% in the 4th quarter. Alliancebernstein L.P. now owns 2,788,758 shares of the company's stock valued at $455,795,000 after buying an additional 2,537,768 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Reddit by 12.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,861,998 shares of the company's stock worth $304,325,000 after buying an additional 211,636 shares in the last quarter.

Insider Activity

In other Reddit news, COO Jennifer L. Wong sold 33,333 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $187.72, for a total transaction of $6,257,270.76. Following the completion of the sale, the chief operating officer now directly owns 1,504,297 shares of the company's stock, valued at approximately $282,386,632.84. The trade was a 2.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Steve Ladd Huffman sold 124,408 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $127.36, for a total value of $15,844,602.88. Following the completion of the transaction, the chief executive officer now owns 583,515 shares in the company, valued at $74,316,470.40. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 711,270 shares of company stock worth $94,239,985 over the last quarter.

Reddit Company Profile

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.