NYSE:RDDT

Reddit (RDDT) Stock Price, News & Analysis

52.40
+3.00 (+6.07%)
(As of 03:33 PM ET)
Today's Range
49.70
55.16
50-Day Range
N/A
52-Week Range
37.35
74.90
Volume
12.66 million shs
Average Volume
6.33 million shs
Market Capitalization
$8.33 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
RDDT stock logo

About Reddit Stock (NYSE:RDDT)

Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.

RDDT Stock Price History

RDDT Stock News Headlines

The Case For Reddit Stock Investors Should Consider
After its recent initial public offering (IPO), shares of Reddit Inc. NYSE: RDDT have become a focal point for investors looking to find the next big social media platform. The stock has delivered a relatively flat performance since its IPO in March 2024, but that could mean good news for investors.
The Case For Reddit Stock Investors Should Consider
Reddit stock could be the most aggressive growth story in social media, and still offering one of the steepest price action discounts in the industry.
Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
See More Headlines
Receive RDDT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Reddit and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Today
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Fax
N/A
Employees
2,013
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Free Float
N/A
Market Cap
$7.85 billion
Optionable
Optionable
Beta
N/A
Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

Key Executives

  • Mr. Steven Ladd Huffman (Age 39)
    Co-Founder, CEO, President & Director
    Comp: $1.14M
  • Mr. Andrew Vollero (Age 57)
    Chief Financial Officer
    Comp: $1.15M
  • Ms. Jennifer L. Wong (Age 48)
    Chief Operating Officer
    Comp: $1.1M
  • Ms. Michelle Reynolds
    Chief Accounting Officer
  • Dr. Christopher Slowe Ph.D. (Age 45)
    Chief Technology Officer
  • Mr. Fredrick Lee
    Chief Information Security Officer
  • Mr. Benjamin Lee (Age 56)
    Chief Legal Officer & Corporate Secretary
  • Ms. Roxy Young
    Chief Marketing & Consumer Experience Officer
  • Ms. Nellie Peshkov
    Chief People Officer
  • Mr. Justin Bassett
    Head of Rounding-Up

RDDT Stock Analysis - Frequently Asked Questions

Should I buy or sell Reddit stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Reddit in the last twelve months. There are currently 1 sell rating, 6 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RDDT shares.
View RDDT analyst ratings
or view top-rated stocks.

How have RDDT shares performed in 2024?

Reddit's stock was trading at 50.44 at the start of the year. Since then, RDDT stock has increased by 0.8% and is now trading at 50.86.
View the best growth stocks for 2024 here
.

When is Reddit's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our RDDT earnings forecast
.

How were Reddit's earnings last quarter?

Reddit, Inc. (NYSE:RDDT) announced its earnings results on Tuesday, May, 7th. The company reported ($8.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.34) by $5.85. The company had revenue of $243 million for the quarter, compared to analyst estimates of $213.99 million. The company's revenue for the quarter was up 48.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.05) EPS.

What ETFs hold Reddit's stock?
What guidance has Reddit issued on next quarter's earnings?

Reddit updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $240.0 million-$255.0 million, compared to the consensus revenue estimate of $223.8 million.

When did Reddit IPO?

Reddit (RDDT) raised $748 million in an IPO on Thursday, March 21st 2024. The company issued 22,000,000 shares at $34.00 per share.

When did the company's quiet period expire?

Reddit's quiet period expired on Tuesday, April 30th. Reddit had issued 22,000,000 shares in its IPO on March 21st. The total size of the offering was $748,000,000 based on an initial share price of $34.00. During the company's quiet period, insiders and underwriters that worked on the IPO were prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Who are Reddit's major shareholders?

Reddit's stock is owned by a variety of institutional and retail investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (0.03%), Commonwealth Equity Services LLC (0.01%), Seven Grand Managers LLC (0.01%), Congress Park Capital LLC (0.00%), SG Americas Securities LLC (0.00%) and Capstone Investment Advisors LLC (0.00%). Insiders that own company stock include Andrew Vollero, Christopher Brian Slowe, David C Habiger, Jennifer L Wong, Michelle Marie Reynolds and Steve Ladd Huffman.
View institutional ownership trends
.

How do I buy shares of Reddit?

Shares of RDDT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RDDT) was last updated on 5/8/2024 by MarketBeat.com Staff

From Our Partners