NYSE:RDDT

Reddit (RDDT) Stock Price, News & Analysis

62.34
+4.15 (+7.13%)
(As of 06:21 PM ET)
Today's Range
59.50
64.50
50-Day Range
N/A
52-Week Range
37.35
74.90
Volume
7.65 million shs
Average Volume
6.33 million shs
Market Capitalization
$9.91 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

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Keith Gill, aka RoaringKitty, resurfaces on Twitter, triggering a surge in GameStop and AMC Entertainment shares amid remarkable trading volume.
The Case For Reddit Stock Investors Should Consider
After its recent initial public offering (IPO), shares of Reddit Inc. NYSE: RDDT have become a focal point for investors looking to find the next big social media platform. The stock has delivered a relatively flat performance since its IPO in March 2024, but that could mean good news for investors.
The Case For Reddit Stock Investors Should Consider
Reddit stock could be the most aggressive growth story in social media, and still offering one of the steepest price action discounts in the industry.
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Reddit (NYSE:RDDT) Price Target Raised to $65.00 at Piper Sandler
Reddit (NYSE:RDDT) PT Raised to $63.00
Robert W. Baird Boosts Reddit (NYSE:RDDT) Price Target to $59.00
Head to Head Analysis: Playtika (NASDAQ:PLTK) & Reddit (NYSE:RDDT)
Reddit (NYSE:RDDT) Shares Up 7.1% on Analyst Upgrade
Reddit: Is It A Buy Following Strong Earnings?
Reddit (NYSE:RDDT) PT Raised to $65.00 at Citigroup
Roth Mkm Increases Reddit (NYSE:RDDT) Price Target to $61.00
Reddit Unusual Options Activity
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
5/14/2024
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
N/A

Miscellaneous

Free Float
N/A
Market Cap
$9.25 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

Should I buy or sell Reddit stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reddit in the last year. There are currently 1 sell rating, 6 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RDDT shares.
View RDDT analyst ratings
or view top-rated stocks.

How have RDDT shares performed in 2024?

Reddit's stock was trading at 50.44 at the start of the year. Since then, RDDT stock has increased by 23.6% and is now trading at 62.34.
View the best growth stocks for 2024 here
.

When is Reddit's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our RDDT earnings forecast
.

How were Reddit's earnings last quarter?

Reddit, Inc. (NYSE:RDDT) released its earnings results 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 firm had revenue of $243 million for the quarter, compared to the consensus estimate of $213.99 million. The business's quarterly revenue was up 48.4% on a year-over-year basis. During the same quarter last year, the business posted ($1.05) EPS.

What ETFs hold Reddit's stock?
What guidance has Reddit issued on next quarter's earnings?

Reddit updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $240.0 million-$255.0 million, compared to the consensus revenue estimate of $223.8 million.

When did Reddit IPO?

Reddit (RDDT) raised $748 million in an IPO on Thursday, March 21st 2024. The company issued 22,000,000 shares at a price of $34.00 per share.

When did Reddit's quiet period expire?

Reddit's quiet period expired on Tuesday, April 30th. 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. During Reddit's quiet period, insiders and underwriters involved in the IPO were restricted from issuing any research reports for the company because of SEC regulations. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Who are Reddit's major shareholders?

Reddit's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (1.05%), Healthcare of Ontario Pension Plan Trust Fund (0.13%), Raymond James Financial Services Advisors Inc. (0.03%), Commonwealth Equity Services LLC (0.01%), Seven Grand Managers LLC (0.01%) and Congress Park Capital LLC (0.00%). Insiders that own company stock include Andrew Vollero, Christopher Brian Slowe, David C Habiger, Jennifer L Wong, Michelle Marie Reynolds and Steve Ladd Huffman.
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 5/14/2024 by MarketBeat.com Staff

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