Reddit Inc (NYSE:RDDT)’s traded shares stood at 1.44 million during the last session. At the last check today, the stock’s price was $163.16, to imply an increase of 2.12% or $3.38 in intraday trading. The RDDT share’s 52-week high remains $230.41, putting it -41.22% down since that peak but still an impressive 77.11% since price per share fell to its 52-week low of $37.35.
Analysts have given a consensus recommendation of Buy for Reddit Inc (RDDT), translating to a mean rating of 1.88. 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 0.02.
Reddit Inc (NYSE:RDDT) trade information
After registering a 2.12% upside in the latest session, Reddit Inc (RDDT) has traded red over the past five days. The 5-day price performance for the stock is -1.94%, and -19.23% over 30 days. With these gigs, the year-to-date price performance is -0.17%.
The extremes give us $77 and $220 for target low and target high price respectively. As such, RDDT has been trading -34.84% off suggested target high and 52.81% from its likely low.
Reddit Inc (RDDT) estimates and forecasts
The rating firms project that company’s revenue will grow 39.33% compared to the previous financial year.
Revenue forecast for the current quarter as set by 18 analysts is 369.57M. Meanwhile, for the current quarter, a total of 18 analyst(s) estimate revenue growth to 405.1M.Earnings reports from the last fiscal year show that sales brought in 242.96M and 281.18M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 52.11% before jumping 44.07% in the following quarter.
RDDT Dividends
Reddit Inc has its next earnings report out in March. 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
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 2.44 million shares, or about 1.4873% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $156.21 million.
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 Dec 31, 2024, Fidelity OTC Portfolio holds roughly 2.74 shares. This is just over 2.19% of the total shares, with a market valuation of $446.63 million. Data from the same date shows that the other fund manager holds a little less at 2.33, or 1.86% of the shares, all valued at about 379.23 million.
