Reddit (NYSE:RDDT) Director Mary Porter Gale Sells 3,000 Shares of Stock

Reddit Inc. (NYSE:RDDT) Director Mary Gale sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $96.00, for a total value of $288,000.00. Following the sale, the director owned 18,181 shares in the company, valued at approximately $1,745,376. This trade represents a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Reddit Price Performance

RDDT stock opened at $93.85 on Friday. The business has a fifty day moving average price of $145.55 and a 200 day moving average price of $157.31. Reddit Inc. has a fifty-two week low of $89.28 and a fifty-two week high of $263.50. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 0.41 and a beta of 2.28.

Reddit (NYSE:RDDT) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The company had revenue of $894.96 million for the quarter, compared to analyst estimates of $874.91 million. Reddit had a return on equity of 30.57% and a net margin of 32.10%. The business’s revenue was up 53.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, equities analysts expect that Reddit Inc. will post 5.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Reddit

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its stake in Reddit by 87.5% in the 1st quarter. Sunbelt Securities Inc. now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 91 shares during the period. Ascentis Independent Advisors bought a new position in Reddit during the 1st quarter worth about $30,000. EverSource Wealth Advisors LLC increased its holdings in Reddit by 48.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 197 shares of the company’s stock worth $34,000 after purchasing an additional 64 shares in the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Reddit in the 2nd quarter valued at about $35,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Reddit in the 3rd quarter valued at about $41,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on RDDT. Jefferies Financial Group reduced their price target on shares of Reddit from $200.00 to $155.00 in a research report on Friday, October 30th. Truist Financial lowered their price objective on shares of Reddit from $275.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Evercore cut shares of Reddit from an “outperform” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Monday. BNP Paribas Exane dropped their target price on shares of Reddit from $180.00 to $110.00 in a research note on Friday, October 30th. Finally, DA Davidson reduced their target price on shares of Reddit from $185.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $180.91.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: KeyCorp raised its FY2026 EPS estimate to $5.41 from $4.90, close to the cited consensus estimate of $5.42. A separate analyst roundup also characterized sentiment toward Reddit as bullish. Analysts Are Bullish on These Communication Services Stocks
• Neutral Sentiment: Commentary described Reddit as recovering from concerns about AI search, while a report discussed broker forecasts for Q4 earnings; the supplied headlines did not provide details on the outlook or forecast changes. Reddit Stock Roars Back From AI Search Scare Brokers Issue Forecasts for Reddit’s Q4 Earnings
• Negative Sentiment: KeyCorp cut its FY2028 EPS estimate to $7.06 from $8.73, pointing to reduced longer-term earnings expectations. Reddit analyst estimates
• Negative Sentiment: Reports said Loop Capital lowered its rating on Reddit and Evercore moved its rating to Hold, adding to pressure on investor sentiment. Loop Capital Lowers Reddit Rating Evercore Lowers Reddit to Hold
• Negative Sentiment: Director Mary Gale sold 3,000 shares for $288,000, reducing her stake by 14.16%, though she retained 18,181 shares. Insider sales can raise concerns but do not by themselves establish a negative outlook. SEC Form 4 filing
• Negative Sentiment: Block & Leviton announced an investigation into potential securities-law violations and invited investors who lost money to contact the firm. The announcement is an allegation/investigation, not a finding of wrongdoing. Block & Leviton Investigation Announcement

Reddit Company 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.