Pacer Advisors Inc. Has $11.62 Million Holdings in Reddit Inc. $RDDT

Pacer Advisors Inc. decreased its holdings in Reddit Inc. (NYSE:RDDT) by 72.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,293 shares of the company’s stock after selling 231,860 shares during the period. Pacer Advisors Inc.’s holdings in Reddit were worth $11,619,000 at the end of the most recent quarter.

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

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Strong Q2 results and outlook support the rebound. Reddit reported revenue of $804.9 million, up 61% year over year, and EPS of $1.25, beating estimates of $731 million and $0.95, respectively. Advertising revenue rose 64%, while management’s Q3 revenue and adjusted EBITDA guidance of $860 million–$870 million and $385 million–$395 million exceeded consensus expectations. Reddit Q2 review
• Positive Sentiment: Improving monetization and cash flow are attracting buyers. Global daily active unique users reached 130.3 million, and Reddit generated more than $1 billion in trailing-12-month operating cash flow. Analysts highlighted a 24% increase in U.S. average revenue per user, suggesting stronger monetization can offset slower user growth. Reddit valuation and free cash flow analysis
• Positive Sentiment: Reddit continues advancing its digital advertising strategy. Coverage points to expanding advertising tools and stronger monetization of highly engaged users as potential long-term growth drivers. Reddit digital advertising strategy
• Neutral Sentiment: Analyst views remain broadly constructive but targets are mixed. Some firms lowered targets, including Cantor Fitzgerald to $170 and Wedbush to $221, while another analyst raised its target to $275. The differing estimates reflect strong fundamentals but uncertainty about user growth and search traffic. Cantor Fitzgerald target change Reddit price target increase
• Negative Sentiment: Flat U.S. logged-in user growth remains the principal concern. U.S. daily active users declined slightly quarter over quarter to 53.2 million, while logged-in users fell to 23.1 million from 23.2 million. Investors are questioning whether monetization gains can continue if engagement growth stagnates, particularly as Reddit stops separately reporting logged-in and logged-out users. Reddit U.S. user growth concerns
• Negative Sentiment: Search-referral volatility and legal scrutiny add risk. Investors remain concerned that changes in search traffic could reduce Reddit’s less-engaged audience. Separately, Bragar Eagel & Squire announced an investigation on behalf of long-term shareholders, which could create additional reputational and legal overhang, although no wrongdoing has been established. Reddit shareholder investigation

Insider Buying and Selling

In other Reddit news, COO Jennifer L. Wong sold 39,167 shares of Reddit stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $158.52, for a total value of $6,208,752.84. Following the completion of the sale, the chief operating officer owned 1,088,451 shares in the company, valued at $172,541,252.52. The trade was a 3.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Marie Reynolds sold 808 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $200.00, for a total transaction of $161,600.00. Following the completion of the sale, the chief accounting officer directly owned 15,060 shares of the company’s stock, valued at $3,012,000. This represents a 5.09% decrease in their position. 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. Over the last three months, insiders have sold 151,141 shares of company stock valued at $25,588,445. 28.48% of the stock is owned by company insiders.

Reddit Price Performance

RDDT stock opened at $159.93 on Wednesday. The stock has a market capitalization of $30.79 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 0.54 and a beta of 2.04. The business’s fifty day moving average price is $177.29 and its two-hundred day moving average price is $162.98. Reddit Inc. has a fifty-two week low of $119.27 and a fifty-two week high of $282.95.

Reddit (NYSE:RDDT) last announced its earnings results on Thursday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.30. The company had revenue of $804.91 million during the quarter, compared to analysts’ expectations of $731.00 million. Reddit had a net margin of 31.35% and a return on equity of 29.02%. Reddit’s quarterly revenue was up 61.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share. Research analysts expect that Reddit Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Robert W. Baird set a $185.00 price objective on shares of Reddit in a research report on Friday. JPMorgan Chase & Co. reduced their target price on shares of Reddit from $200.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Citizens Jmp decreased their price target on shares of Reddit from $250.00 to $240.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st. Truist Financial increased their price target on shares of Reddit from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Jefferies Financial Group set a $250.00 price objective on shares of Reddit in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.90.

Reddit Company Profile

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.