In the latest trading session, 1.75 million Reddit Inc (NYSE:RDDT) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $155.92 changed hands at -$9.65 or -5.83% at last look, the market valuation stands at $28.20B. RDDT’s current price is a discount, trading about -47.77% off its 52-week high of $230.41. The share price had its 52-week low at $37.35, which suggests the last value was 76.05% up since then.
Analysts gave the Reddit Inc (RDDT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.88. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended RDDT as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Reddit Inc’s EPS for the current quarter is expected to be 0.02.
Reddit Inc (NYSE:RDDT) trade information
Instantly RDDT was in red as seen in intraday trades today. With action -16.68%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -4.60%, with the 5-day performance at -16.68% in the red. However, in the 30-day time frame, Reddit Inc (NYSE:RDDT) is -14.52% down.
The consensus price target for the stock as assigned by Wall Street analysts is 114, meaning bulls need a downside of -36.77% from its recent market value. According to analyst projections, RDDT’s forecast low is 77 with 220 as the target high. To hit the forecast high, the stock’s price needs a -41.1% plunge from its current level, while the stock would need to tank 50.62% for it to hit the projected low.
Reddit Inc (RDDT) estimates and forecasts
Year-over-year growth is forecast to reach 39.33% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 369.57M. 18 analysts are of the opinion that Reddit Inc’s revenue for the current quarter will be 405.1M. The company’s revenue for the corresponding quarters a year ago was 242.96M and 281.18M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 52.11%. The estimates for the next quarter sales put growth at 44.07%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -65.02%. The 2025 estimates are for Reddit Inc earnings to increase by 134.39%.
Reddit Inc (NYSE:RDDT)’s Major holders
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 1.4873% or 2.44 million shares worth $156.21 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Fidelity OTC Portfolio and Fidelity Contrafund Inc. With 2.74 shares estimated at $430.72 million under it, the former controlled 2.19% of total outstanding shares. On the other hand, Fidelity Contrafund Inc held about 1.86% of the shares, roughly 2.33 shares worth around $365.72 million.
