Reddit (RDDT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $130.01 to $138.39
• 50-Day Range: $59.09 to $137.14
• 52-Week Range: $37.35 to $139.04
• Volume: 5.50 million shs
• Average Volume: 8.37 million shs
• Market Capitalization: $23.93 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $91.67
• Consensus Rating: Moderate Buy

Reddit Stock Analysis - MarketRank™

Reddit scored higher than 28% of companies evaluated by MarketBeat, and ranked 547th out of 649 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 Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Reddit has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 11 buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Reddit has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Reddit are expected to grow in the coming year, from ($3.63) to $0.51 per share.

Price to Book Value per Share Ratio

Reddit has a P/B Ratio of 12.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.43% of the float of Reddit has been sold short.

Short Interest Ratio / Days to Cover

Reddit has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Reddit has recently increased by 7.64%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Reddit does not currently pay a dividend.

Dividend Growth

Reddit does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.43% of the float of Reddit has been sold short.

Short Interest Ratio / Days to Cover

Reddit has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Reddit has recently increased by 7.64%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.77

News Sentiment

Reddit has a news sentiment score of 0.77. 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 is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Reddit this week, compared to 19 articles on an average week.

Search Interest

120 people have searched for RDDT on MarketBeat in the last 30 days. This is an increase of 314% compared to the previous 30 days.

MarketBeat Follows

28 people have added Reddit to their MarketBeat watchlist in the last 30 days. This is an increase of 115% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $22,523,192.00 in company stock.

RDDT Stock Analysis - Frequently Asked Questions

How have RDDT shares performed this year?

Reddit's stock was trading at $50.44 on January 1st, 2024. Since then, RDDT shares have increased by 170.2% and is now trading at $136.27.
View the best growth stocks for 2024 here.

How were Reddit's earnings last quarter?

Reddit, Inc. (NYSE:RDDT) released its earnings results on Tuesday, October, 29th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.23. The firm's quarterly revenue was up 67.9% compared to the same quarter last year.

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.

Who are Reddit's major shareholders?

Top institutional investors of Reddit include FMR LLC (6.92%), VY Capital Management Co. Ltd. (4.40%), Holocene Advisors LP (1.71%) and Point72 Asset Management L.P. (1.31%). Insiders that own company stock include Jennifer L Wong, Andrew Vollero, Steve Ladd Huffman, Benjamin Seong Lee, Michelle Marie Reynolds, Mary Porter Gale, Christopher Brian Slowe 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 Earnings: 10/29/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NYSE:RDDT
• Previous Symbol: NYSE:RDDT
• CUSIP: N/A
• CIK: 1713445
• Web: www.redditinc.com
• Phone: (415) 494-8016
• Fax: N/A
• Employees: 2,013
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $91.67
• High Stock Price Target: $150.00
• Low Stock Price Target: $54.00
• Potential Upside/Downside: -32.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 19 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-90,820,000.00
• Net Margins: -47.83%
• Pretax Margin: -47.74%
• Return on Equity: -40.54%
• Return on Assets: -27.32%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 11.96
• Quick Ratio: 11.96

Sales & Book Value

• Annual Sales: $804.03 million
• Price / Sales: 29.76
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 175,580,000
• Free Float: N/A
• Market Cap: $23.93 billion
• Optionable: Optionable
• Beta: N/A