NYSE:RDDT Reddit (RDDT) Stock Price, News & Analysis $65.99 +1.43 (+2.21%) (As of 09/20/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Reddit alerts: Email Address About Reddit Stock (NYSE:RDDT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Reddit alerts:Sign Up Key Stats Today's Range$64.17▼$66.9450-Day Range$50.70▼$73.8552-Week Range$37.35▼$78.08Volume8.52 million shsAverage Volume4.44 million shsMarket Capitalization$10.95 billionP/E RatioN/ADividend YieldN/APrice Target$65.56Consensus RatingModerate Buy Company OverviewReddit, 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.Read More… “Buffett Indicator” Predicts 62% Stock Market Crash (Ad)The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.Take these 4 steps to protect your retirement here >>> Reddit Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 33rd PercentileReddit scored higher than 33% of companies evaluated by MarketBeat, and ranked 521st out of 666 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 Opinion2.3 / 5Analyst RatingModerate Buy Consensus RatingReddit has received a consensus rating of Moderate Buy. The company's average rating score is 2.61, and is based on 10 buy ratings, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageReddit has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Reddit's stock forecast and price target. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Reddit are expected to grow in the coming year, from ($4.17) to ($0.09) per share.Read more about Reddit's valuation and earnings. Short Interest4.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted7.50% of the float of Reddit has been sold short.Short Interest Ratio / Days to CoverReddit has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Reddit has recently decreased by 21.52%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldReddit does not currently pay a dividend.Dividend GrowthReddit does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted7.50% of the float of Reddit has been sold short.Short Interest Ratio / Days to CoverReddit has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Reddit has recently decreased by 21.52%, indicating that investor sentiment is improving significantly. News and Social Media1.8 / 5News Sentiment0.22 News SentimentReddit has a news sentiment score of 0.22. 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 lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 25 news articles for Reddit this week, compared to 19 articles on an average week.Search InterestOnly 19 people have searched for RDDT on MarketBeat in the last 30 days. This is a decrease of -39% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Reddit to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Company Ownership0.8 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn 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 $13,896,591.00 in company stock.Read more about Reddit's insider trading history. Receive RDDT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Reddit and its competitors with MarketBeat's FREE daily newsletter. Email Address RDDT Stock News HeadlinesSteve Ladd Huffman Sells 14,000 Shares of Reddit, Inc. (NYSE:RDDT) StockSeptember 19 at 8:26 AM | insidertrades.comSteve Ladd Huffman Sells 6,714 Shares of Reddit, Inc. (NYSE:RDDT) StockSeptember 5, 2024 | insidertrades.comOur #1 Ticker for the Rare "Retirement Window"We've only seen this happen three times in the past 20 years... And every time - like clockwork - it's minted an entire new class of millionaires.September 20, 2024 | Behind the Markets (Ad)Reddit, Inc. (NYSE:RDDT) CAO Michelle Marie Reynolds Sells 8,000 SharesAugust 30, 2024 | insidertrades.comInsider Selling: Reddit, Inc. (NYSE:RDDT) CAO Sells 12,000 Shares of StockAugust 23, 2024 | insidertrades.comFedEx, PepsiCo downgraded: Wall Street's top analyst callsSeptember 20 at 1:46 PM | finance.yahoo.comB. Riley broadens coverage on social media stocks with Snap and Reddit initiationsSeptember 20 at 1:46 PM | msn.comIs This Recent IPO Stock a Buy Now?September 20 at 1:11 PM | fool.comSee More Headlines 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 stock has increased by 30.8% and is now trading at $65.99. View the best growth stocks for 2024 here. How were Reddit's earnings last quarter? Reddit, Inc. (NYSE:RDDT) issued its quarterly earnings results on Tuesday, August, 6th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.31) by $0.25. The company's revenue was up 53.6% compared to the same quarter last year. When did Reddit IPO? Reddit (RDDT) raised $748 million in an initial public offering on Thursday, March 21st 2024. The company issued 22,000,000 shares at $34.00 per share. When did the company's lock-up period expire? Reddit's lock-up period expired 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. Since the end of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted. Who are Reddit's major shareholders? Reddit's top institutional investors include Bank of New York Mellon Corp (1.02%), Marshall Wace LLP (0.52%), Maverick Capital Ltd. (0.45%) and Sumitomo Mitsui Trust Holdings Inc. (0.19%). Insiders that own company stock include Jennifer L Wong, Steve Ladd Huffman, Andrew Vollero, Christopher Brian Slowe, Benjamin Seong Lee, Mary Porter Gale, 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. Company Calendar Last Earnings8/06/2024Today9/20/2024Next Earnings (Estimated)11/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Data processing & preparation Sub-IndustryBusiness Services Current SymbolNYSE:RDDT Previous SymbolNYSE:RDDT CUSIPN/A CIK1713445 Webwww.redditinc.com Phone(415) 494-8016FaxN/AEmployees2,013Year FoundedN/APrice Target and Rating Average Stock Price Target$66.12 High Stock Price Target$84.00 Low Stock Price Target$50.00 Potential Upside/Downside+0.7%Consensus RatingModerate Buy Rating Score (0-4)2.59 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current Ratio12.42 Quick Ratio12.42 Sales & Book Value Annual Sales$804.03 million Price / Sales13.43 Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding Shares165,880,000Free FloatN/AMarket Cap$10.80 billion OptionableOptionable BetaN/A Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report This page (NYSE:RDDT) was last updated on 9/20/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredTrump’s “Tax Free” Retirement StrategySince 1924 — over one hundred years — the US dollar has lost nearly 18x its value. If you're planning on re...Gold Safe Exchange | SponsoredThe election trade you can't losePolitics is an unpredictable game. But no matter what happens in the next few months... 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