In the last trading session, 4.29 million shares of the Reddit Inc (NYSE:RDDT) were traded. Most recently the company’s share price was $224.93, and it changed around -$0.3 or -0.13% from the last close, which brings the market valuation of the company to $39.49B. RDDT currently trades at a discount to its 52-week high of $227.05, offering almost -0.94% off that amount. The share price’s 52-week low was $37.35, which indicates that the current value has risen by an impressive 83.39% since then. We note from Reddit Inc’s average daily trading volume that its 10-day average is 4.73 million shares, with the 3-month average coming to 5.69 million.
Reddit Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.87. If we narrow it down even further, the data shows that 0 out of 20 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 7 recommended RDDT as a Hold, whereas 8 deemed it a Buy, and 1 rated it as Underweight.
Reddit Inc (NYSE:RDDT) trade information
Instantly RDDT has showed a red trend with a performance of -0.13% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 230.41 on recent trading dayincreased the stock’s daily price by 2.38%. The company’s shares are currently up 37.62% year-to-date, but still up 11.18% over the last five days. On the other hand, Reddit Inc (NYSE:RDDT) is 30.77% up in the 30-day period. We can see from the shorts that 18.55 million shares have been sold at a short interest cover period of 2.98 day(s).
The consensus price target as assigned by Wall Street analysts is $114, which translates to bulls needing to decrease their stock price by -97.31% from its current value. Analyst projections state that RDDT is forecast to be at a low of $77 and a high of $200.
RDDT Dividends
Reddit Inc’s next quarterly earnings report is expected to be released in March.
Reddit Inc (NYSE:RDDT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.03% of Reddit Inc shares, and 76.04% of them are in the hands of institutional investors. The stock currently has a share float of 97.52%. Reddit Inc stock is held by 460.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 1.8362% of the shares, which is about 3.02 million shares worth $192.85 million.
VANGUARD GROUP INC, with 1.4873% or 2.44 million shares worth $156.21 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
