In the last trading session, 9.56 million Reddit Inc (NYSE:RDDT) shares changed hands as the company’s beta touched 2.22. With the company’s per share price at $150.57 changed hands at $7.56 or 5.29% during last session, the market valuation stood at $27.78B. RDDT’s last price was a discount, traded about -53.03% 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 67.37% up since then. When we look at Reddit Inc’s average trading volume, we note the 10-day average is 10.97 million shares, with the 3-month average coming to 8.74 million.
Analysts gave the Reddit Inc (RDDT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.90. 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 green as seen at the end of in last trading. With action 12.25%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 136.71%, with the 5-day performance at 12.25% in the green. However, in the 30-day time frame, Reddit Inc (NYSE:RDDT) is 38.10% up. Looking at the short shares, we see there were 19.59 million shares sold at short interest cover period of 2.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is 145, meaning bulls need a downside of -3.84% from its current 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 -39.47% plunge from its current level, while the stock would need to tank 50.19% for it to hit the projected low.
Reddit Inc (RDDT) estimates and forecasts
Year-over-year growth is forecast to reach 42.41% up from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of 424.57M. 23 analysts are of the opinion that Reddit Inc’s revenue for the current quarter will be 470.38M. 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 50.99%. The estimates for the next quarter sales put growth at 35.03%.
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 137.62%.
RDDT Dividends
Reddit Inc is expected to release its next quarterly earnings report on 2025-May-01.
Reddit Inc (NYSE:RDDT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.89% of Reddit Inc shares while 85.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.40%. There are 85.10% institutions holding the Reddit Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 1.8362% of the shares, roughly 3.02 million RDDT shares worth $192.85 million.
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 Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . With 3.57 shares estimated at $537.24 million under it, the former controlled 2.75% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 2.18% of the shares, roughly 2.82 shares worth around $424.46 million.
