ProShare Advisors LLC Acquires 27,237 Shares of Reddit Inc. $RDDT

ProShare Advisors LLC bought a new stake in shares of Reddit Inc. (NYSE:RDDT) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 27,237 shares of the company’s stock, valued at approximately $3,880,000.

Other large investors have also recently bought and sold shares of the company. Senvest Management LLC bought a new position in shares of Reddit during the 1st quarter worth about $48,392,000. Robeco Institutional Asset Management B.V. raised its position in shares of Reddit by 74.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 809,063 shares of the company’s stock valued at $115,243,000 after buying an additional 345,735 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Reddit by 21.8% in the second quarter. Wellington Management Group LLP now owns 1,564,535 shares of the company’s stock valued at $271,572,000 after buying an additional 280,030 shares during the period. Styrax Capital LP bought a new stake in shares of Reddit in the second quarter valued at about $43,395,000. Finally, State Street Corp lifted its stake in shares of Reddit by 8.7% in the second quarter. State Street Corp now owns 2,979,587 shares of the company’s stock valued at $517,197,000 after buying an additional 237,523 shares during the period.

Insider Activity

In other Reddit news, COO Jennifer L. Wong sold 75,000 shares of Reddit stock in a transaction on Friday, August 14th. The stock was sold at an average price of $178.55, for a total value of $13,391,250.00. Following the completion of the transaction, the chief operating officer owned 1,050,339 shares in the company, valued at approximately $187,538,028.45. The trade was a 6.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mary Gale sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $96.00, for a total value of $288,000.00. Following the completion of the sale, the director owned 18,181 shares of the company’s stock, valued at approximately $1,745,376. This trade represents a 14.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 291,052 shares of company stock valued at $47,166,483 in the last ninety days. 28.48% of the stock is currently owned by corporate insiders.

Reddit News Summary

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

Wall Street Analyst Weigh In

Several research firms have commented on RDDT. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $120.00 price target (down from $180.00) on shares of Reddit in a report on Friday, October 30th. Piper Sandler reduced their price objective on Reddit from $195.00 to $145.00 in a research report on Friday, October 30th. Loop Capital lowered Reddit from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a report on Monday. Wells Fargo & Company lowered their price objective on Reddit from $142.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Friday, October 30th. Finally, Roth Capital restated a “neutral” rating and issued a $145.00 target price on shares of Reddit in a research note on Monday, August 3rd. Two research 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’s stock. According to MarketBeat.com, Reddit currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.91.

Reddit Price Performance

Reddit stock opened at $93.85 on Friday. The business has a 50 day simple moving average of $145.55 and a 200 day simple moving average of $157.31. The company has a market capitalization of $18.06 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 0.41 and a beta of 2.28. Reddit Inc. has a one year low of $89.28 and a one year high of $263.50.

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

About Reddit

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.