In the last trading session, 1.21 million shares of the Reddit Inc (NYSE:RDDT) were traded, and its beta was 1.38. Most recently the company’s share price was $155.22, and it changed around -$7.23 or -4.45% from the last close, which brings the market valuation of the company to $28.07B. RDDT currently trades at a discount to its 52-week high of $230.41, offering almost -48.44% off that amount. The share price’s 52-week low was $37.35, which indicates that the current value has risen by an impressive 75.94% since then.
Reddit Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.88. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 5 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 is expected to report earnings per share of 0.02 for the current quarter.
Reddit Inc (NYSE:RDDT) trade information
Instantly RDDT has showed a red trend with a performance of -4.45% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 174.22 on recent trading dayincreased the stock’s daily price by 10.91%. The company’s shares are currently down -5.03% year-to-date, but still down -2.98% over the last five days. On the other hand, Reddit Inc (NYSE:RDDT) is -22.21% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $114, which translates to bulls needing to decrease their stock price by -36.16% from its current value. Analyst projections state that RDDT is forecast to be at a low of $77 and a high of $220.
Reddit Inc (RDDT) estimates and forecasts
The year-over-year growth rate is expected to be 39.33%, up from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 369.57M in revenue for the current quarter. 18 analysts expect Reddit Inc to make 405.1M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 242.96M and 281.18M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 52.11%. Forecasts for the next quarter put sales growth at 44.07%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -65.02%.
Reddit Inc (NYSE:RDDT)’s Major holders
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.
Fidelity OTC Portfolio and Fidelity Contrafund Inc were the top two Mutual Funds as of Dec 31, 2024. The former held 2.74 shares worth $418.95 million, making up 2.19% of all outstanding shares. On the other hand, Fidelity Contrafund Inc held roughly 2.33 shares worth around $355.73 million, which represents about 1.86% of the total shares outstanding.
