Seaport Res Ptn Issues Positive Estimate for Reddit Earnings

Reddit, Inc. (NYSE:RDDT - Free Report) - Equities researchers at Seaport Res Ptn upped their Q2 2025 earnings per share estimates for Reddit in a note issued to investors on Monday, May 5th. Seaport Res Ptn analyst A. Kessler now expects that the company will post earnings per share of $0.18 for the quarter, up from their prior forecast of $0.11. Seaport Res Ptn has a "Strong-Buy" 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 FY2026 earnings at $2.37 EPS.

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

A number of other research firms also recently issued reports on RDDT. Truist Financial started coverage on Reddit in a research note on Monday, April 7th. They issued a "buy" rating and a $150.00 price objective on the stock. Bank of America reduced their target price on shares of Reddit from $190.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Roth Capital reiterated a "neutral" rating on shares of Reddit in a research report on Friday. Redburn Atlantic started coverage on Reddit in a report on Monday, March 17th. They set a "sell" rating and a $75.00 price target on the stock. Finally, Morgan Stanley dropped their price objective on shares of Reddit from $210.00 to $140.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $142.30.

Reddit Stock Down 5.5 %

Shares of RDDT stock opened at $109.88 on Wednesday. Reddit has a 52 week low of $47.40 and a 52 week high of $230.41. The company's fifty day simple moving average is $114.79 and its two-hundred day simple moving average is $144.15. The stock has a market cap of $19.88 billion, a P/E ratio of -14.22, a PEG ratio of 4.72 and a beta of 2.90.

Insider Buying and Selling at Reddit

In related news, CEO Steve Ladd Huffman sold 14,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $187.78, for a total value of $2,628,920.00. Following the completion of the sale, the chief executive officer now owns 614,394 shares of the company's stock, valued at approximately $115,370,905.32. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Christopher Brian Slowe sold 5,068 shares of Reddit stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $111.28, for a total value of $563,967.04. Following the completion of the sale, the chief technology officer now owns 20,184 shares in the company, valued at $2,246,075.52. This represents a 20.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 711,270 shares of company stock valued at $94,239,985.

Institutional Trading of Reddit

A number of large investors have recently modified their holdings of RDDT. Jennison Associates LLC purchased a new stake in Reddit during the 4th quarter worth about $494,861,000. Renaissance Capital LLC raised its holdings in shares of Reddit by 14.2% in the fourth quarter. Renaissance Capital LLC now owns 31,236 shares of the company's stock valued at $5,105,000 after buying an additional 3,892 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Reddit by 27.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 642,456 shares of the company's stock worth $105,003,000 after acquiring an additional 139,135 shares during the period. Assetmark Inc. increased its stake in Reddit by 1,537,566.7% in the 4th quarter. Assetmark Inc. now owns 46,130 shares of the company's stock valued at $7,539,000 after buying an additional 46,127 shares during the period. Finally, Chung Wu Investment Group LLC acquired a new stake in shares of Reddit in the 4th quarter valued at approximately $327,000.

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.

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