In recent trading session, Reddit Inc (NYSE:RDDT) saw 0.47 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $142.71 trading at $2.67 or 1.91% at last check today assigns it a market valuation of $25.06B. That most recent trading price of RDDT’s stock is at a discount of -11.06% from its 52-week high price of $158.49 and is indicating a premium of 73.83% from its 52-week low price of $37.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.66 million shares which gives us an average trading volume of 5.97 million if we extend that period to 3-months.
For Reddit Inc (RDDT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.89. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.23 in the current quarter.
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Reddit Inc (NYSE:RDDT) trade information
Upright in the green today for gaining 1.91%, in the last five days RDDT remained trading in the red while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $142.71 price level, adding 6.2% to its value on the day. Reddit Inc’s shares saw a change of 182.93% in year-to-date performance and have moved -9.69% in past 5-day. Reddit Inc (NYSE:RDDT) showed a performance of 22.97% in past 30-days. Number of shares sold short was 7.75 million shares which calculate 1.09 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 84 to the stock, which implies a fall of -69.89% to its recent value today. Analysts have been projecting 45 as a low price target for the stock while placing it at a high target of 120. It follows that stock’s current price would jump 68.47% in reaching the projected high whereas dropping to the targeted low would mean a gain of 68.47% for stock’s current value.
Reddit Inc (RDDT) estimates and forecasts
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 399.29M for the same. And 12 analysts are in estimates of company making revenue of 346.44M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around -184.90% while estimates for its earnings growth in next 5 years are of 30.20%.
Reddit Inc (NYSE:RDDT)’s Major holders
Insiders are in possession of 21.73% of company’s total shares while institution are holding 64.60 percent of that, with stock having share float percentage of 82.53%. Investors also watch the number of corporate investors in a company very closely, which is 64.60% institutions for Reddit Inc that are currently holding shares of the company.
On the other hand, Fidelity OTC Portfolio and Price (T.Rowe) Mid Cap Growth Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 4.41 shares of worth $628.71 million or 3.68% of the total outstanding shares. The later fund manager was in possession of 1.5 shares on Sep 30, 2024 , making its stake of worth around $213.46 million in the company or a holder of 1.25% of company’s stock.
