NYSE:RDDT Reddit (RDDT) Stock Price, News & Analysis $76.31 -0.95 (-1.23%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Reddit Stock (NYSE:RDDT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Reddit alerts:Sign Up Key Stats Today's Range$75.94▼$78.7450-Day Range$52.52▼$77.2652-Week Range$37.35▼$78.74Volume3.07 million shsAverage Volume4.41 million shsMarket Capitalization$12.48 billionP/E RatioN/ADividend YieldN/APrice Target$70.28Consensus RatingModerate Buy Company OverviewReddit, 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.Read More… The real reason Elon is fully endorsing Trump (Ad)Elon Musk is one of mankind’s greatest innovators. But for all his visionary prowess and contributions to humanity, there is a war being waged on Elon Musk. This war has nothing to do with X, Elon’s stance on immigration or his support for Donald Trump. Watch this new documentary and you’ll discover what Elon knows, Reddit Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks27th Percentile Overall ScoreRDDT MarketRank™: Reddit scored higher than 27% of companies evaluated by MarketBeat, and ranked 563rd out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.3 / 5Analyst RatingModerate Buy Consensus RatingReddit has received a consensus rating of Moderate Buy. The company's average rating score is 2.68, and is based on 10 buy ratings, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageReddit has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Reddit's stock forecast and price target. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Reddit are expected to grow in the coming year, from ($4.11) to ($0.02) per share.Read more about Reddit's valuation and earnings. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted9.56% of the float of Reddit has been sold short.Short Interest Ratio / Days to CoverReddit has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Reddit has recently increased by 35.95%, indicating that investor sentiment is decreasing significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldReddit does not currently pay a dividend.Dividend GrowthReddit does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted9.56% of the float of Reddit has been sold short.Short Interest Ratio / Days to CoverReddit has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Reddit has recently increased by 35.95%, indicating that investor sentiment is decreasing significantly. News and Social Media2.5 / 5News Sentiment0.54 News SentimentReddit has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Reddit this week, compared to 18 articles on an average week.Search Interest28 people have searched for RDDT on MarketBeat in the last 30 days. This is an increase of 65% compared to the previous 30 days.MarketBeat Follows11 people have added Reddit to their MarketBeat watchlist in the last 30 days. This is an increase of 450% compared to the previous 30 days. Company Ownership0.8 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Reddit insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $19,517,419.00 in company stock.Read more about Reddit's insider trading history. 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. Email Address RDDT Stock News HeadlinesInsider Selling: Reddit, Inc. (NYSE:RDDT) CEO Sells 14,000 Shares of StockOctober 3, 2024 | insidertrades.comInsider Selling: Reddit, Inc. (NYSE:RDDT) CTO Sells 11,000 Shares of StockSeptember 26, 2024 | insidertrades.comUnlock 2024's Top Stock! 🌟Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.October 17, 2024 | Darwin (Ad)Reddit, Inc. (NYSE:RDDT) COO Sells $3,250,500.00 in StockSeptember 24, 2024 | insidertrades.comInsider Selling: Reddit, Inc. (NYSE:RDDT) CFO Sells 11,287 Shares of StockSeptember 21, 2024 | insidertrades.comReddit (NYSE:RDDT) Price Target Increased to $68.00 by Analysts at The Goldman Sachs GroupOctober 16 at 2:23 AM | americanbankingnews.comReddit (NYSE:RDDT) PT Raised to $80.00October 12, 2024 | americanbankingnews.comJim Cramer on Reddit, Inc. (RDDT) CEO Steve Huffman: ‘I Think He’s Doing A Rather Remarkable Job’October 11, 2024 | msn.comSee More Headlines RDDT Stock Analysis - Frequently Asked Questions How have RDDT shares performed this year? Reddit's stock was trading at $50.44 at the beginning of 2024. Since then, RDDT shares have increased by 51.3% and is now trading at $76.3050. View the best growth stocks for 2024 here. How were Reddit's earnings last quarter? Reddit, Inc. (NYSE:RDDT) posted its quarterly earnings results on Tuesday, August, 6th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.31) by $0.25. The business's quarterly revenue was up 53.6% on a year-over-year basis. When did Reddit IPO? Reddit (RDDT) raised $748 million in an initial public offering (IPO) on Thursday, March 21st 2024. The company issued 22,000,000 shares at $34.00 per share. When did the company's lock-up period expire? Reddit's lock-up period expired on Tuesday, September 17th. Reddit had issued 22,000,000 shares in its public offering on March 21st. The total size of the offering was $748,000,000 based on an initial share price of $34.00. Since the end of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted. Who are Reddit's major shareholders? Top institutional shareholders of Reddit include VY Capital Management Co. Ltd. (4.40%), Carnegie Investment Counsel (0.10%), Sivia Capital Partners LLC (0.03%) and Claro Advisors LLC (0.02%). Insiders that own company stock include Jennifer L Wong, Andrew Vollero, Steve Ladd Huffman, Christopher Brian Slowe, Benjamin Seong Lee, Mary Porter Gale, Michelle Marie Reynolds and David C Habiger. 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. What other stocks do shareholders of Reddit own? Based on aggregate information from My MarketBeat watchlists, some other companies that Reddit investors own include NVIDIA (NVDA), Lockheed Martin (LMT), Advanced Micro Devices (AMD), Home Depot (HD), Taiwan Semiconductor Manufacturing (TSM), Tesla (TSLA) and Meta Platforms (META). Company Calendar Last Earnings8/06/2024Today10/17/2024Next Earnings (Confirmed)10/29/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Data processing & preparation Sub-IndustryBusiness Services Current SymbolNYSE:RDDT Previous SymbolNYSE:RDDT CUSIPN/A CIK1713445 Webwww.redditinc.com Phone(415) 494-8016FaxN/AEmployees2,013Year FoundedN/APrice Target and Rating Average Stock Price Target$70.28 High Stock Price Target$90.00 Low Stock Price Target$50.00 Potential Upside/Downside-7.9%Consensus RatingModerate Buy Rating Score (0-4)2.68 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current Ratio12.42 Quick Ratio12.42 Sales & Book Value Annual Sales$981.41 million Price / Sales12.71 Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding Shares163,509,000Free FloatN/AMarket Cap$12.48 billion OptionableOptionable BetaN/A 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? 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