Seaport Res Ptn Comments on Reddit's Q1 Earnings (NYSE:RDDT)

Reddit, Inc. (NYSE:RDDT - Free Report) - Equities researchers at Seaport Res Ptn dropped their Q1 2025 earnings per share (EPS) estimates for Reddit in a research report issued to clients and investors on Wednesday, February 12th. Seaport Res Ptn analyst A. Kessler now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.03. Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for Reddit's current full-year earnings is $1.12 per share. Seaport Res Ptn also issued estimates for Reddit's Q4 2025 earnings at $0.66 EPS, FY2025 earnings at $1.05 EPS and FY2026 earnings at $2.38 EPS.

A number of other analysts have also recently issued reports on the company. Loop Capital lifted their price objective on Reddit from $180.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price target on Reddit from $206.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Bank of America boosted their price target on Reddit from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Needham & Company LLC boosted their price target on Reddit from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, JMP Securities boosted their price target on Reddit from $190.00 to $200.00 and gave the stock a "market outperform" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $175.95.

Reddit Price Performance

RDDT traded down $9.17 during trading on Monday, reaching $166.27. 9,923,540 shares of the stock traded hands, compared to its average volume of 6,030,903. The stock has a market cap of $29.19 billion and a price-to-earnings ratio of -21.51. Reddit has a fifty-two week low of $37.35 and a fifty-two week high of $230.41. The stock's 50-day simple moving average is $184.25 and its two-hundred day simple moving average is $122.41.

Reddit (NYSE:RDDT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.12. Reddit had a negative return on equity of 24.71% and a negative net margin of 37.25%.

Insider Activity at Reddit

In related news, CFO Andrew Vollero sold 19,838 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $143.22, for a total transaction of $2,841,198.36. Following the transaction, the chief financial officer now directly owns 703,615 shares in the company, valued at $100,771,740.30. The trade was a 2.74 % 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, CEO Steve Ladd Huffman sold 14,000 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $141.79, for a total value of $1,985,060.00. Following the transaction, the chief executive officer now owns 634,971 shares in the company, valued at $90,032,538.09. This represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,838 shares of company stock worth $38,201,526 over the last three months.

Institutional Investors Weigh In On Reddit

Several large investors have recently modified their holdings of RDDT. Plato Investment Management Ltd bought a new stake in shares of Reddit in the 4th quarter valued at approximately $27,000. EverSource Wealth Advisors LLC bought a new stake in shares of Reddit in the 4th quarter valued at approximately $28,000. Ridgewood Investments LLC grew its stake in shares of Reddit by 100.0% in the 4th 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 period. Farmers & Merchants Investments Inc. bought a new stake in shares of Reddit in the 4th quarter valued at approximately $33,000. Finally, Bogart Wealth LLC bought a new stake in shares of Reddit in the 4th quarter valued at 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.