In the latest trading session,, 5.28 million Reddit Inc (NYSE:RDDT) shares changed hands as the company’s beta touched 1.88. With the company’s most recent per share price at $108.86 changed hands at -$4.37 or -3.86% at last look, the market valuation stands at $20.09B. RDDT’s current price is a discount, trading about -111.66% off its 52-week high of $230.41. The share price had its 52-week low at $49.13, which suggests the last value was 54.87% up since then.
Analysts gave the Reddit Inc (RDDT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.93. 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 0.18.
Reddit Inc (NYSE:RDDT) trade information
Instantly RDDT was in red as seen in intraday trades today. With action -2.11%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -33.39%, with the 5-day performance at -2.11% in the red. However, in the 30-day time frame, Reddit Inc (NYSE:RDDT) is 13.21% up.
The consensus price target for the stock as assigned by Wall Street analysts is 160, meaning bulls need an upside of 31.96% from its recent market value. According to analyst projections, RDDT’s forecast low is 75 with 210 as the target high. To hit the forecast high, the stock’s price needs a -92.91% plunge from its current level, while the stock would need to tank 31.1% for it to hit the projected low.
Reddit Inc (RDDT) estimates and forecasts
Year-over-year growth is forecast to reach 42.35% up from the last financial year.
Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of 424.23M. 22 analysts are of the opinion that Reddit Inc’s revenue for the current quarter will be 470.12M. The company’s revenue for the corresponding quarters a year ago was 281.18M and 348.35M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 50.87%. The estimates for the next quarter sales put growth at 34.96%.
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 137.44%.
RDDT Dividends
Reddit Inc is expected to release its next quarterly earnings report in June.
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 VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . With 3.19 shares estimated at $345.6 million under it, the former controlled 2.46% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 2.00% of the shares, roughly 2.59 shares worth around $280.44 million.
