In last trading session, Reddit Inc (NYSE:RDDT) saw 11.3 million shares changing hands with its beta currently measuring 2.49. Company’s recent per share price level of $130.68 trading at $7.95 or 6.48% at ring of the bell on the day assigns it a market valuation of $23.64B. That closing price of RDDT’s stock is at a discount of -76.32% from its 52-week high price of $230.41 and is indicating a premium of 71.42% from its 52-week low price of $37.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.01 million shares which gives us an average trading volume of 6.46 million if we extend that period to 3-months.
For Reddit Inc (RDDT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.88. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.02 in the current quarter.
Reddit Inc (NYSE:RDDT) trade information
Upright in the green during last session for gaining 6.48%, in the last five days RDDT remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $130.68 price level, adding 21.33% to its value on the day. Reddit Inc’s shares saw a change of -20.04% in year-to-date performance and have moved -22.45% in past 5-day. Reddit Inc (NYSE:RDDT) showed a performance of -41.90% in past 30-days. Number of shares sold short was 14.65 million shares which calculate 2.6 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 114 to the stock, which implies a fall of -14.63% to its current value. Analysts have been projecting 77 as a low price target for the stock while placing it at a high target of 220. It follows that stock’s current price would jump 41.08% in reaching the projected high whereas dropping to the targeted low would mean a gain of 41.08% for stock’s current value.
Reddit Inc (RDDT) estimates and forecasts
This year revenue growth is estimated to rise 39.33% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 369.57M for the same. And 18 analysts are in estimates of company making revenue of 405.1M in the next quarter. Company posted 242.96M and 281.18M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -65.02% during past 5 years.
Reddit Inc (NYSE:RDDT)’s Major holders
Insiders are in possession of 18.22% of company’s total shares while institution are holding 83.37 percent of that, with stock having share float percentage of 101.94%. Investors also watch the number of corporate investors in a company very closely, which is 83.37% institutions for Reddit Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at RDDT for having 3.02 million shares of worth $192.85 million. And as of 2024-06-30, it was holding 1.8362 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 2.44 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.4873 of outstanding shares, having a total worth of $156.21 million.
On the other hand, Vanguard Total Stock Market Index Fund and Fidelity OTC Portfolio are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 3.19 shares of worth $417.22 million or 2.54% of the total outstanding shares. The later fund manager was in possession of 2.74 shares on Dec 31, 2024 , making its stake of worth around $358.51 million in the company or a holder of 2.19% of company’s stock.
