Seaport Res Ptn Has Optimistic Outlook of Reddit Q3 Earnings

Reddit, Inc. (NYSE:RDDT - Free Report) - Equities researchers at Seaport Res Ptn increased their Q3 2025 EPS estimates for Reddit in a research report issued on Monday, May 5th. Seaport Res Ptn analyst A. Kessler now forecasts that the company will earn $0.30 per share for the quarter, up from their previous forecast of $0.27. 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 Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $1.24 EPS.

Several other research firms also recently weighed in on RDDT. Redburn Atlantic started coverage on shares of Reddit in a research report on Monday, March 17th. They issued a "sell" rating and a $75.00 target price on the stock. The Goldman Sachs Group lifted their price objective on shares of Reddit from $124.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Sanford C. Bernstein upgraded Reddit from an "underperform" rating to a "market perform" rating and set a $130.00 target price for the company in a report on Friday, May 2nd. Guggenheim lowered their price target on Reddit from $170.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Bank of America reduced their price objective on Reddit from $190.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $140.35.

Reddit Stock Performance

RDDT traded up $0.52 during trading on Thursday, reaching $108.35. The company had a trading volume of 4,828,120 shares, compared to its average volume of 5,866,048. The firm's 50-day simple moving average is $111.54 and its 200 day simple moving average is $144.77. The company has a market cap of $19.60 billion, a price-to-earnings ratio of -14.02, a PEG ratio of 4.72 and a beta of 2.90. Reddit has a 12-month low of $49.13 and a 12-month high of $230.41.

Reddit (NYSE:RDDT - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.13 earnings per share (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 for the quarter, compared to analysts' expectations of $370.55 million. During the same period in the previous year, the firm posted ($8.19) EPS. The company's quarterly revenue was up 61.5% on a year-over-year basis.

Institutional Investors Weigh In On Reddit

Large investors have recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in Reddit during the fourth quarter worth about $27,000. CWM LLC lifted its stake in shares of Reddit by 100.0% during the first quarter. CWM LLC now owns 256 shares of the company's stock valued at $27,000 after acquiring an additional 128 shares during the period. EverSource Wealth Advisors LLC acquired a new position in Reddit during the 4th quarter valued at about $28,000. Ridgewood Investments LLC boosted its stake in Reddit by 100.0% in the fourth quarter. Ridgewood Investments LLC now owns 200 shares of the company's stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Reddit during the fourth quarter worth $33,000.

Insider Buying and Selling at Reddit

In related news, CEO Steve Ladd Huffman sold 14,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $110.67, for a total value of $1,549,380.00. Following the completion of the sale, the chief executive officer now owns 577,013 shares in the company, valued at approximately $63,858,028.71. This trade represents a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Christopher Brian Slowe sold 5,068 shares of Reddit stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $111.28, for a total value of $563,967.04. Following the sale, the chief technology officer now directly owns 20,184 shares in the company, valued at approximately $2,246,075.52. This trade represents a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 725,270 shares of company stock valued at $95,789,365 in the last 90 days.

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.