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Reddit Inc Class A (RDDT)
NYSE:RDDT
Reddit Inc Class A (RDDT) Stock Price & Analysis
955 Followers
RDDT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$37.35 - $74.90
Previous Close$63.89
Volume3.61M
Average Volume (3M)3.50M
Market Cap
$10.45B
Enterprise Value$9.26B
Total Cash (Recent Filing)$1.21B
Total Debt (Recent Filing)$25.75M
Price to Earnings (P/E)―
Beta3.95
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. Volume3,051,243
30 Day Avg. Volume3,500,526
Standard Deviation0.23
R-Squared1.00
Alpha0.05
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 Profit13.36
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$60.64Price Target Upside-8.94% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Reddit Inc Class A News
PremiumStock Analysis & Ideas
Up Over 30% Since IPO, Is Reddit Stock (NYSE:RDDT) Overvalued?
Bulls Say, Bears Say
Bulls Say
AdvertisingAds between comments can be a material driver of ad revenue growth.
Data LicensingProjected data licensing revenues have nearly doubled since the initiation report, thanks to a new 3-year deal with OpenAI.
Financial PerformanceReddit's Q1 results handily beat expectations as business improved through the quarter.
Bears Say
International ExpansionInternational expansion may be slower than anticipated if the company does not achieve success in non-English speaking markets.
User And Revenue TrendsHistorically volatile user and revenue trends are expected to continue, creating uncertainty for the stock.
ValuationCurrent valuation suggests limited stock upside, leading to an Equal-weight rating.
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Ownership Overview
18.91% Insiders
12.53% Mutual Funds
27.98% Other Institutional Investors
40.57% 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 56 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
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$60.64 (-8.94% Downside)
$60.64 (-8.94% Downside)
Blogger Sentiment
Bullish
RDDT Sentiment 61%
Sector Average 74%
Sector Average 74%
Insider Transactions
Sold Shares
Worth $11.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 4.2%
Last 30 Days ▲ 4.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
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
$60.64
▼(-8.94% Downside)
Technical Analysis
Best Analysts Covering RDDT
1 Year
1 Year Success Rate
3/3 ratings generated profit
1 Year Average Return
+33.40%
reiterated a buy rating 8 days ago
Copying Benjamin Black CFA'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 +33.40% per trade.
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