Reddit Inc (NYSE:RDDT) has a beta value of 2.03 and has seen 4.76 million shares traded in the recent trading session. The company, currently valued at $20.92B, closed the recent trade at $115.64 per share which meant it lost -$18.34 on the day or -13.69% during that session. The RDDT stock price is -99.25% off its 52-week high price of $230.41 and 67.7% above the 52-week low of $37.35.
The consensus among analysts is that Reddit Inc (RDDT) is Buy stock at the moment, with a recommendation rating of 1.88. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 12 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.02.
Reddit Inc (NYSE:RDDT) trade information
Sporting -13.69% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RDDT stock price touched $115.64 or saw a rise of 31.97%. Year-to-date, Reddit Inc shares have moved -29.25%, while the 5-day performance has seen it change -28.82%. Over the past 30 days, the shares of Reddit Inc (NYSE:RDDT) have changed -46.59%.
Wall Street analysts have a consensus price target for the stock at $114, which means that the shares’ value could drop -1.44% from the levels at last check today. The projected low price target is $77.0 while the price target rests at a high of $220.0. In that case, then, we find that the latest price level in today’s session is -90.25% off the targeted high while a plunge would see the stock lose 33.41% from the levels at last check today.
Reddit Inc (RDDT) estimates and forecasts
The company’s shares have gained 96.97% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 39.33%.
18 analysts offering their estimates for the company have set an average revenue estimate of 369.57M for the current quarter. 18 have an estimated revenue figure of 405.1M for the next ending quarter. Year-ago sales stood 242.96M and 281.18M respectively for this quarter and the next, and analysts expect sales will grow by 52.11% for the current quarter and 39.33% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -65.02% over the past 5 years.
RDDT Dividends
Reddit Inc is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Reddit Inc (NYSE:RDDT)’s Major holders
The top two institutional holders are FMR LLC with over 3.02 million shares worth more than $192.85 million. As of 2024-06-30, FMR LLC held 1.8362% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 2.44 million shares as of 2024-06-30. The firm’s total holdings are worth over $156.21 million and represent 1.4873% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Fidelity OTC Portfolio. As of Dec 31, 2024, the former fund manager holds about 2.54% shares in the company for having 3.19 shares of worth $365.58 million while later fund manager owns 2.74 shares of worth $314.14 million as of Dec 31, 2024, which makes it owner of about 2.19% of company’s outstanding stock.
