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NYSE:RDDT

Reddit (RDDT) Stock Price, News & Analysis

54.24
-2.06 (-3.66%)
(As of 05/31/2024 08:51 PM ET)
Today's Range
53.45
57.52
50-Day Range
39.17
65.11
52-Week Range
37.35
74.90
Volume
2.04 million shs
Average Volume
4.72 million shs
Market Capitalization
$8.87 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

Reddit's OpenAI Partnership Brings a Fresh New Upside
After reporting its first-ever set of financials after the company's initial public offering (IPO), shares of Reddit Inc. NYSE: RDDT are now trading above their 52-week high. Most of the bullish price action came right after the first quarter of 2024 earnings announcement.
Reddit’s OpenAI Partnership Brings a Fresh New Upside
Reddit stock is giving shareholders another reason to stick around, as the company is now partnering with OpenAI to further monetize its repertoire of data
5 Meme Stocks With a High Short Interest
No, it's not 2021. But waking up today, you might have been forgiven for thinking so.
5 Meme Stocks With a High Short Interest (RDDT)
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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RDDT Stock Earnings: Reddit Beats EPS, Beats Revenue for Q1 2024
Check Out What Whales Are Doing With RDDT
Reddit: OpenAI Deal Is Big
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
6/01/2024
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
$8.87 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 twelve months. 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 beginning of the year. Since then, RDDT stock has increased by 7.5% and is now trading at 54.24.
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) issued its quarterly earnings data 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 analyst estimates of $213.99 million. The firm's quarterly revenue was up 48.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.05) earnings per share.

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

Reddit issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS 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 the company'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 the company's quiet period, insiders and underwriters that worked on the IPO were restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. 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 many different retail and institutional investors. Top institutional shareholders include Inclusive Capital Partners L.P. (1.31%), Vanguard Group Inc. (1.05%), Price T Rowe Associates Inc. MD (0.47%), Blackstone Inc. (0.47%), Bamco Inc. NY (0.19%) and Healthcare of Ontario Pension Plan Trust Fund (0.13%). Insiders that own company stock include Andrew Vollero, Benjamin Seong Lee, 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 6/1/2024 by MarketBeat.com Staff

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