Seaport Res Ptn Has Negative Estimate for Reddit Q1 Earnings

Reddit, Inc. (NYSE:RDDT) – Seaport Res Ptn dropped their Q1 2025 earnings estimates for Reddit in a report released on Wednesday, February 12th. Seaport Res Ptn analyst A. Kessler now expects that the company will earn $0.01 per share for the quarter, down from their previous estimate 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 ($3.45) 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.

Other analysts have also recently issued research reports about the stock. Loop Capital lifted their price target on shares of Reddit from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 13th. JMP Securities lifted their target price on shares of Reddit from $190.00 to $200.00 and gave the company a “market outperform” rating in a research note on Thursday, February 13th. Needham & Company LLC boosted their price target on shares of Reddit from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company raised their price objective on shares of Reddit from $206.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group upped their target price on Reddit from $105.00 to $176.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $175.45.

Reddit Price Performance

RDDT opened at $187.35 on Monday. The stock’s 50 day moving average price is $183.54 and its 200-day moving average price is $121.57. Reddit has a 52-week low of $37.35 and a 52-week high of $230.41.

Reddit (NYSE:RDDT) last announced its quarterly earnings results 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 40.54% and a negative net margin of 47.83%.

Insider Activity

In other news, insider Benjamin Seong Lee sold 18,519 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $146.06, for a total transaction of $2,704,885.14. Following the sale, the insider now owns 138,401 shares in the company, valued at $20,214,850.06. This represents a 11.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Christopher Brian Slowe sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $184.15, for a total transaction of $920,750.00. Following the sale, the chief technology officer now directly owns 35,252 shares of the company’s stock, valued at $6,491,655.80. This trade represents a 12.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 212,024 shares of company stock worth $35,086,431 over the last three months.

Institutional Inflows and Outflows

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

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.