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NYSE:RDDT

Reddit (RDDT) Stock Price, News & Analysis

71.59
-1.38 (-1.89%)
(As of 09:46 AM ET)
Today's Range
70.90
73.66
50-Day Range
44.44
73.62
52-Week Range
37.35
76.20
Volume
198,000 shs
Average Volume
4.83 million shs
Market Capitalization
$11.71 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

Reddit logo seen displayed on a smartphone screen
Reddit Stock and the Rubberband Effect: A Case for Lower Prices
Reddit NYSE: RDDT stock can rocket higher, and the rubberband strategy is one way to capture the gains. The rubberband strategy uses moving averages to target deeply oversold stocks that are ready to rebound, and if there are other factors in play, the rebound could be significant.
Reddit logo seen displayed on a smartphone screen
Reddit Stock and the Rubberband Effect: A Case for Lower Prices
Meme stock Reddit is falling under the pressure of critical moving averages that could keep the market moving lower despite a high expectation for Q2 results.
Trump’s Gift Could Unleash $51 Billion in New Wealth
In January 2021, Donald Trump silently rolled out a special gift to the American public… One that top house republicans called “The Key To America’s Economic Future”.
Reddit stock price forecast
Reddit: Poised for Growth with Data Licensing and OpenAI Deal
Social media forum Reddit Inc. NYSE: RDDT made headlines during the 2021 meme stock frenzy as its popular wallstreetbets forum led small investors into shares of GameStop Co. NYSE: GME, fueling its historic short squeeze. The company went public through an IPO on March 21, 2024, rising to a $74.90 peak the following day and falling to a low of $37.35 just a few days later.
Reddit stock price forecast
Reddit: Poised for Growth with Data Licensing and OpenAI Deal
Social media forum Reddit Inc. (NASDAQ: RDDT) made headlines during the 2021 meme stock frenzy as its popular wallstreetbets forum led small investors into
The 3 Best Social Media Stocks to Buy in July 2024
Reddit (NYSE:RDDT) Stock Price Up 4.3%
Trump’s Gift Could Unleash $51 Billion in New Wealth
In January 2021, Donald Trump silently rolled out a special gift to the American public… One that top house republicans called “The Key To America’s Economic Future”.
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
7/08/2024
Next Earnings (Estimated)
8/06/2024
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
$804.03 million

Miscellaneous

Free Float
N/A
Market Cap
$11.93 billion
Optionable
Optionable
Beta
N/A
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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

How have RDDT shares performed this year?

Reddit's stock was trading at 50.44 at the beginning of the year. Since then, RDDT shares have increased by 44.7% and is now trading at 72.97.
View the best growth stocks for 2024 here
.

How were Reddit's earnings last quarter?

Reddit, Inc. (NYSE:RDDT) released its quarterly earnings data on Tuesday, May, 7th. The company reported ($8.19) earnings per share for the quarter, missing the consensus estimate of ($2.34) by $5.85. The business's revenue was up 48.4% 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 a price of $34.00 per share.

When does Reddit's lock-up period expire?

Reddit's lock-up period expires 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. After the end of Reddit's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Who are Reddit's major shareholders?

Top institutional shareholders of Reddit include Moody National Bank Trust Division (0.01%). Insiders that own company stock include Jennifer L Wong, Steve Ladd Huffman, Andrew Vollero, Christopher Brian Slowe, Benjamin Seong Lee, 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.

This page (NYSE:RDDT) was last updated on 7/8/2024 by MarketBeat.com Staff

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