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Reddit Inc Class A (RDDT)
NYSE:RDDT
Reddit Inc Class A (RDDT) Stock Price & Analysis
769 Followers
RDDT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$37.35 - $74.90
Previous Close$62.04
Volume15.13M
Average Volume (3M)7.47M
Market Cap
N/A
Enterprise ValueN/A
Total Cash (Recent Filing)$1.21B
Total Debt (Recent Filing)$25.75M
Price to Earnings (P/E)-16.7
Beta4.29
Next Earnings
May 07, 2024EPS Estimate
-$8.75Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.70
Shares Outstanding163,509,256
10 Day Avg. Volume6,926,946
30 Day Avg. Volume7,472,411
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit0.00
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$58.93Price Target Upside-5.01% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering16
Reddit Inc Class A News
PremiumThe Fly
Reddit rises 12.6%Bulls Say, Bears Say
Bulls Say
Corporate StrategyReddit's management prioritizes user and revenue growth, focusing on strategies to enhance user experience, reduce churn, and foster community connections.
Data Utilization And PartnershipsThe partnership between Reddit and OpenAI spotlights the value of Reddit's data, with potential to boost revenue by $40M/year and significantly contribute to profitability.
Financial PerformanceReddit's strong financial results, including a 48% year-over-year revenue increase and positive adjusted EBITDA, demonstrate the platform's robust growth and operational efficiency.
Bears Say
Competitive PositionSmaller digital ad platforms have historically struggled to compete with Google and Meta, and moving down the funnel to more performance-based ads is challenging.
Financial PerformanceVisibility into the second half of the year is limited due to inflation, geopolitical, and election uncertainties affecting brand campaigns.
Stock ValuationShares are trading at premium multiples versus peers, and the long-term impact of Gen-AI on the platform's user engagement is uncertain.
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Ownership Overview
18.92% Insiders
1.26% Mutual Funds
26.76% Other Institutional Investors
53.06% Public Companies and Individual Investors
RDDT FAQ
What was Reddit Inc Class A’s price range in the past 12 months?
Reddit Inc Class A lowest stock price was $37.35 and its highest was $74.90 in the past 12 months.
What is Reddit Inc Class A’s market cap?
Currently, no data Available
When is Reddit Inc Class A’s upcoming earnings report date?
Reddit Inc Class A’s upcoming earnings report date is May 07, 2024 which is 13 days ago.
How were Reddit Inc Class A’s earnings last quarter?
Currently, no data Available
Is Reddit Inc Class A overvalued?
According to Wall Street analysts Reddit Inc Class A’s price is currently Overvalued.
Does Reddit Inc Class A pay dividends?
Reddit Inc Class A does not currently pay dividends.
What is Reddit Inc Class A’s EPS estimate?
Reddit Inc Class A’s EPS estimate is -$8.75.
How many shares outstanding does Reddit Inc Class A have?
Reddit Inc Class A has 44,441,887 shares outstanding.
What happened to Reddit Inc Class A’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Reddit Inc Class A?
Among the largest hedge funds holding Reddit Inc Class A’s share is Blackstone Inc.. It holds Reddit Inc Class A’s shares valued at 37M.
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Reddit Inc Class A Stock Smart Score
Not Ranked
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$58.93 (-5.01% Downside)
$58.93 (-5.01% Downside)
Blogger Sentiment
Neutral
RDDT Sentiment 57%
Sector Average 73%
Sector Average 73%
Insider Transactions
Sold Shares
Worth $39.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.6%
Last 30 Days ▲ 15.2%
Last 30 Days ▲ 15.2%
News Sentiment
Very Bullish
Bullish news 91%
Bearish news 9%
Bearish news 9%
Company Description
Reddit Inc Class A
Reddit is home to thousands of communities, endless conversation, and authentic human connection. Whether you're into breaking news, sports, TV fan theories, or a never-ending stream of the internet's cutest animals, there's a community on Reddit for you.
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RDDT Earnings Call
Q1 2024
0:00 / 0:00
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RDDT Stock 12 Month Forecast
Average Price Target
$58.93
▼(-5.01% Downside)
Technical Analysis
Best Analysts Covering RDDT
1 Year
1 Year Success Rate
2/2 ratings generated profit
1 Year Average Return
+40.30%
reiterated a buy rating 13 days ago
Copying Josh Beck's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +40.30% per trade.
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