In the latest trading session,, 2.28 million Reddit Inc (NYSE:RDDT) shares changed hands as the company’s beta touched 2.34. With the company’s most recent per share price at $146.14 changed hands at -$2.1 or -1.42% at last look, the market valuation stands at $26.97B. RDDT’s current price is a discount, trading about -57.66% 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 66.38% up since then. When we look at Reddit Inc’s average trading volume, we note the 10-day average is 5.12 million shares, with the 3-month average coming to 8.30 million.
Analysts gave the Reddit Inc (RDDT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.89. 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 (NYSE:RDDT) trade information
Instantly RDDT was in red as seen in intraday trades today. With action -0.16%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 124.11%, with the 5-day performance at -0.16% in the red. However, in the 30-day time frame, Reddit Inc (NYSE:RDDT) is 3.53% 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 142.5, meaning bulls need a downside of -2.55% 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 -43.7% plunge from its current level, while the stock would need to tank 48.68% for it to hit the projected low.
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 $520.72 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 $411.41 million.
