Equities Analysts Issue Forecasts for Reddit Q1 Earnings

Reddit, Inc. (NYSE:RDDT - Free Report) - Investment analysts at Roth Capital issued their Q1 2026 earnings estimates for Reddit in a research note issued to 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 issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.12. Reddit had a negative net margin of 37.25% and a negative return on equity of 24.71%.

A number of other analysts also recently issued reports on the company. Guggenheim lowered their target price on Reddit from $210.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Oppenheimer assumed coverage on shares of Reddit in a report on Wednesday, April 16th. They set an "outperform" rating and a $125.00 price target on the stock. The Goldman Sachs Group decreased their price objective on shares of Reddit from $185.00 to $124.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Truist Financial initiated coverage on Reddit in a report on Monday, April 7th. They set a "buy" rating and a $150.00 price target on the stock. Finally, Roth Mkm downgraded shares of Reddit from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $116.00 to $195.00 in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.22.

Reddit Price Performance

Shares of RDDT stock opened at $121.16 on Tuesday. The stock has a 50-day moving average of $120.74 and a 200-day moving average of $142.98. The stock has a market cap of $21.92 billion and a PE ratio of -15.67. Reddit has a one year low of $44.15 and a one year high of $230.41.

Insiders Place Their Bets

In related news, CTO Christopher Brian Slowe sold 5,068 shares of the company's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $111.28, for a total transaction of $563,967.04. Following the transaction, the chief technology officer now owns 20,184 shares of the company's stock, valued at $2,246,075.52. This represents a 20.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jennifer L. Wong sold 33,334 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $93.99, for a total value of $3,133,062.66. Following the completion of the sale, the chief operating officer now owns 1,466,119 shares in the company, valued at approximately $137,800,524.81. This represents a 2.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 725,270 shares of company stock worth $97,067,425 in the last 90 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Plato Investment Management Ltd acquired a new position in Reddit during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC bought a new stake in Reddit during the fourth quarter worth approximately $28,000. Ridgewood Investments LLC lifted its stake in Reddit by 100.0% during the fourth quarter. Ridgewood Investments LLC now owns 200 shares of the company's stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in shares of Reddit in the 4th quarter valued at approximately $33,000. Finally, Bogart Wealth LLC acquired a new stake in shares of Reddit during the fourth quarter worth approximately $33,000.

About Reddit

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.

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.