During the recent session, Reddit Inc (NYSE:RDDT)’s traded shares were 1.53 million. At the last check today, the stock’s price was $201.85, reflecting an intraday loss of -1.52% or -$3.1. The 52-week high for the RDDT share is $230.41, that puts it down -14.15 from that peak though still a striking 81.5% gain since the share price plummeted to a 52-week low of $37.35. The company’s market capitalization is $35.44B, and the average intraday trading volume over the past 10 days was 7.06 million shares, and the average trade volume was 6.06 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 1.82. 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 0.01.
Reddit Inc (NYSE:RDDT) trade information
Reddit Inc (RDDT) registered a -1.52% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.52% in intraday trading to $201.85, hitting a weekly high. The stock’s 5-day price performance is -10.38%, and it has moved by 18.25% in 30 days. The short interest in Reddit Inc (NYSE:RDDT) is 18.55 million shares and it means that shorts have 3.54 day(s) to cover.
The consensus price target of analysts on Wall Street is $114, which implies a decrease of -77.06% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $77 and $220 respectively. As a result, RDDT is trading at a discount of -8.99% off the target high and 61.85% off the low.
Reddit Inc (RDDT) estimates and forecasts
In the rating firms’ projections, revenue will increase 38.85% compared to the previous financial year.
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 368.52M as predicted by 18 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to 405.05M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 242.96M and 281.18M respectively. In this case, analysts expect current quarter sales to grow by 51.68% and then jump by 44.05% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -65.02%. While earnings are projected to return 132.65% in 2025.
RDDT Dividends
Reddit Inc is due to release its next quarterly earnings in March. 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 22.03% of total outstanding shares while institutional holders control 78.63%, with the float percentage being 100.85%. FMR LLC is the largest shareholder of the company, while 484.0 institutions own stock in it. As of 2024-06-30, the company held over 3.02 million shares (or 1.8362% of all shares), a total value of $192.85 million in shares.
The next largest institutional holding, with 2.44 million shares, is of VANGUARD GROUP INC’s that is approximately 1.4873% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $156.21 million.
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 Dec 31, 2024 indicates that Fidelity OTC Portfolio owns about 2.74 shares. This amounts to just over 2.29 percent of the company’s overall shares, with a $552.23 million market value. The same data shows that the other fund manager holds slightly less at 2.33, or about 1.95% of the stock, which is worth about $468.89 million.
