Reddit Inc (NYSE:RDDT)’s traded shares stood at 5.09 million during the last session. At the close of trading, the stock’s price was $170.69, to imply an increase of 3.56% or $5.87 in intraday trading. The RDDT share’s 52-week high remains $187.69, putting it -9.96% down since that peak but still an impressive 78.12% since price per share fell to its 52-week low of $37.35. The company has a valuation of $29.97B, with an average of 5.16 million shares in intraday trading volume over the past 10 days and average of 6.82 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Reddit Inc (RDDT), translating to a mean rating of 1.73. Of 12 analyst(s) looking at the stock, 0 analyst(s) give RDDT a Sell rating. 1 of those analysts rate the stock as Overweight while 5 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.23.
Reddit Inc (NYSE:RDDT) trade information
After registering a 3.56% upside in the last session, Reddit Inc (RDDT) has traded red over the past five days. The 5-day price performance for the stock is -0.95%, and 4.39% over 30 days. With these gigs, the year-to-date price performance is 4.44%. Short interest in Reddit Inc (NYSE:RDDT) saw shorts transact 18.25 million shares and set a 2.98 days time to cover.
The extremes give us $50 and $200 for target low and target high price respectively. As such, RDDT has been trading -17.17% off suggested target high and 70.71% from its likely low.
Revenue forecast for the current quarter as set by 18 analysts is 403.27M. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 353.5M.
RDDT Dividends
Reddit Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Reddit Inc (NYSE:RDDT)’s Major holders
Reddit Inc insiders hold 21.70% of total outstanding shares, with institutional holders owning 66.25% of the shares at 84.60% float percentage. In total, 66.25% institutions holds shares in the company.
We also have Fidelity OTC Portfolio and Fidelity Contrafund Inc as the top two Mutual Funds with the largest holdings of the Reddit Inc (RDDT) shares. Going by data provided on Nov 30, 2024 , Fidelity OTC Portfolio holds roughly 2.66 shares. This is just over 2.22% of the total shares, with a market valuation of $453.73 million. Data from the same date shows that the other fund manager holds a little less at 2.33, or 1.95% of the shares, all valued at about 397.61 million.
