Reddit Inc. $RDDT Stock Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC grew its position in shares of Reddit Inc. (NYSE:RDDT) by 123.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,458 shares of the company’s stock after purchasing an additional 4,125 shares during the quarter. Simplicity Wealth LLC’s holdings in Reddit were worth $1,062,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RDDT. Sunbelt Securities Inc. raised its stake in shares of Reddit by 87.5% during the first quarter. Sunbelt Securities Inc. now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 91 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Reddit in the 1st quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of Reddit by 48.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 197 shares of the company’s stock valued at $34,000 after purchasing an additional 64 shares in the last quarter. Beacon Investment Advisory Services Inc. bought a new position in shares of Reddit during the 2nd quarter valued at $35,000. Finally, Root Financial Partners LLC bought a new position in shares of Reddit during the 3rd quarter valued at $41,000.

Key Headlines Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Truist reiterates Buy rating: Analyst Youssef Squali maintained a Buy rating and a $275 price target, citing Reddit’s advertising momentum and potential for continued growth. Truist favors owning Reddit stock ahead of Q3 earnings
• Positive Sentiment: Advertising and AI remain key growth drivers: Reddit’s advertising revenue rose 64% in the second quarter, supported by user growth and AI-powered advertising tools. Improving engagement and monetization are also viewed as potential catalysts. RDDT Rides on Strong Demand in Ad Business
• Positive Sentiment: Profitability has improved: Coverage highlights Reddit’s 2025 net margin of 24.1% and revenue growth approaching 70%, strengthening the long-term investment case relative to some social-media peers. Reddit vs. Snap: Which Social Media Stock Is a Better Buy in 2026?
• Neutral Sentiment: Q3 results are the immediate catalyst: Wall Street estimates for revenue, earnings and operating metrics are in focus, with the report expected Thursday. The results will test whether ad growth can offset concerns about Reddit’s reliance on search traffic. RDDT Q3 Performance and Wall Street Estimates
• Negative Sentiment: Valuation and growth concerns are pressuring the stock: Analysts point to a roughly 40% recent decline, premium valuation, rising costs and expectations for slower third-quarter revenue growth. Technical selling and broader weakness in social-media stocks have added to the pressure ahead of earnings. Should You Buy, Sell, or Hold Reddit Stock Before Q3 Earnings Release?

Reddit Stock Performance

Shares of RDDT opened at $136.61 on Wednesday. Reddit Inc. has a fifty-two week low of $119.27 and a fifty-two week high of $263.50. The firm’s 50-day simple moving average is $152.44 and its two-hundred day simple moving average is $162.19.

Reddit (NYSE:RDDT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.30. The company had revenue of $804.91 million for the quarter, compared to the consensus estimate of $731.00 million. During the same period last year, the business earned $0.45 EPS. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. As a group, equities analysts expect that Reddit Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on RDDT shares. Truist Financial boosted their price target on shares of Reddit from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. B. Riley Financial raised their price objective on Reddit from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Morgan Stanley reduced their price objective on Reddit from $240.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. UBS Group reiterated a “buy” rating on shares of Reddit in a report on Friday, July 31st. Finally, Guggenheim reissued a “buy” rating on shares of Reddit in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $219.29.

Insider Activity

In related news, COO Jennifer L. Wong sold 75,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $178.55, for a total transaction of $13,391,250.00. Following the transaction, the chief operating officer owned 1,050,339 shares in the company, valued at $187,538,028.45. This represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steve Huffman sold 18,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $178.16, for a total value of $3,206,880.00. Following the completion of the transaction, the chief executive officer owned 373,814 shares in the company, valued at approximately $66,598,702.24. This trade represents a 4.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 306,052 shares of company stock valued at $49,754,523 over the last ninety days. 28.48% of the stock is currently owned by corporate insiders.

Reddit Profile

Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and activities. Members can submit text posts, links, images and videos, as well as comment on and vote on content. The platform includes thousands of communities, commonly known as subreddits, covering subjects such as news, entertainment, technology, sports, finance and lifestyle.

Reddit generates revenue primarily through digital advertising, offering advertisers access to audiences based on community interests and user engagement.