During the last session, Reddit Inc (NYSE:RDDT)’s traded shares were 2.95 million. At the end of the trading day, the stock’s price was $143.48, reflecting an intraday gain of 5.29% or $7.21. The 52-week high for the RDDT share is $139.04, that puts it up 3.09 from that peak though still a striking 73.97% gain since the share price plummeted to a 52-week low of $37.35. The company’s market capitalization is $25.19B, and the average intraday trading volume over the past 10 days was 5.17 million shares, and the average trade volume was 5.46 million shares over the past three months.
Reddit Inc (RDDT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.89. RDDT has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.23.
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Reddit Inc (NYSE:RDDT) trade information
Reddit Inc (RDDT) registered a 5.29% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.29% in intraday trading to $143.48, hitting a weekly high. The stock’s 5-day price performance is 8.80%, and it has moved by 84.71% in 30 days. The short interest in Reddit Inc (NYSE:RDDT) is 7.75 million shares and it means that shorts have 1.61 day(s) to cover.
The consensus price target of analysts on Wall Street is $84, which implies a decrease of -70.81% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $45 and $120 respectively. As a result, RDDT is trading at a premium of 16.36% off the target high and 68.64% off the low.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 399.1M as predicted by 15 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 345.1M by the end of current fiscal year.
While earnings are projected to return -184.80% in 2024, the next five years will return 30.20% per annum.
RDDT Dividends
Reddit Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Reddit Inc (NYSE:RDDT)’s Major holders
Reddit Inc insiders own 18.23% of total outstanding shares while institutional holders control 64.42%, with the float percentage being 78.79%.
Also, the Mutual Funds coming in first place with the largest holdings of Reddit Inc (RDDT) shares are Fidelity OTC Portfolio and Fidelity Contrafund Inc. Data provided on Sep 30, 2024 indicates that Fidelity OTC Portfolio owns about 4.41 shares. This amounts to just over 3.68 percent of the company’s overall shares, with a $643.87 million market value. The same data shows that the other fund manager holds slightly less at 2.06, or about 1.72% of the stock, which is worth about $300.67 million.
