KeyCorp Comments on Reddit’s Q2 Earnings (NYSE:RDDT)

Reddit Inc. (NYSE:RDDT) – KeyCorp issued their Q2 2026 earnings per share (EPS) estimates for Reddit in a note issued to investors on Tuesday, July 28th. KeyCorp analyst J. Patterson forecasts that the company will post earnings per share of $0.91 for the quarter. KeyCorp has a “Strong-Buy” rating on the stock. The consensus estimate for Reddit’s current full-year earnings is $4.85 per share. KeyCorp also issued estimates for Reddit’s Q3 2026 earnings at $1.23 EPS, Q4 2026 earnings at $1.74 EPS, FY2026 earnings at $4.90 EPS, FY2027 earnings at $6.92 EPS and FY2028 earnings at $8.73 EPS.

Other equities research analysts have also issued reports about the stock. Piper Sandler reaffirmed an “overweight” rating and set a $195.00 price objective (down from $215.00) on shares of Reddit in a report on Friday. Wedbush lowered their target price on shares of Reddit from $250.00 to $221.00 and set an “outperform” rating on the stock in a report on Friday. B. Riley Financial upped their target price on shares of Reddit from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday. Wall Street Zen raised shares of Reddit from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research upgraded shares of Reddit from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Reddit has a consensus rating of “Moderate Buy” and a consensus target price of $220.90.

Reddit Trading Up 10.4%

Shares of RDDT opened at $155.31 on Monday. The business’s 50 day moving average is $176.98 and its 200 day moving average is $163.63. Reddit has a 12-month low of $119.27 and a 12-month high of $282.95. The company has a market capitalization of $29.90 billion, a PE ratio of 36.12 and a beta of 2.04.

Reddit (NYSE:RDDT) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.30. Reddit had a return on equity of 29.97% and a net margin of 31.35%.The firm had revenue of $804.91 million during the quarter, compared to analyst estimates of $731.00 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 61.0% compared to the same quarter last year.

Insider Buying and Selling

In related news, COO Jennifer L. Wong sold 39,166 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $176.94, for a total transaction of $6,930,032.04. Following the sale, the chief operating officer owned 1,050,339 shares of the company’s stock, valued at $185,846,982.66. This represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Marie Reynolds sold 808 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $200.00, for a total transaction of $161,600.00. Following the transaction, the chief accounting officer owned 15,060 shares of the company’s stock, valued at $3,012,000. This trade represents a 5.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 151,141 shares of company stock worth $25,588,445. Insiders own 28.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in Reddit by 143.3% during the first quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock valued at $837,000 after purchasing an additional 4,701 shares during the period. Empowered Funds LLC bought a new position in shares of Reddit during the 1st quarter valued at approximately $213,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Reddit by 106.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,960 shares of the company’s stock valued at $22,759,000 after purchasing an additional 111,780 shares during the last quarter. Focus Partners Wealth raised its holdings in Reddit by 40.8% during the 1st quarter. Focus Partners Wealth now owns 10,224 shares of the company’s stock valued at $1,073,000 after buying an additional 2,965 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Reddit by 344.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after buying an additional 286 shares during the period.

About Reddit

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.