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Reddit Inc Class A (RDDT)
NYSE:RDDT
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RDDT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$37.35 - $123.60
Previous Close$122.57
Volume6.51M
Average Volume (3M)5.51M
Market Cap
$19.30B
Enterprise Value$18.11B
Total Cash (Recent Filing)$1.21B
Total Debt (Recent Filing)$25.75M
Price to Earnings (P/E)―
Beta2.09
Next Earnings
Feb 26, 2025EPS Estimate
$0.21Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.30
Shares Outstanding175,578,265
10 Day Avg. Volume11,720,378
30 Day Avg. Volume5,505,908
Standard Deviation0.31
R-Squared0.00
Alpha0.16
Financial Highlights & Ratios
Price to Book (P/B)11.22
Price to Sales (P/S)41.06
Price to Cash Flow (P/CF)189.50
P/FCF Ratio197.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit26.13
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$104.69Price Target Upside-13.54% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering16
Reddit Inc Class A News
Bulls Say, Bears Say
Bulls Say
Advertising And Revenue GrowthReddit's full-funnel ads platform is attracting more spending with new automated ad products, boosting performance and profitability despite ongoing investments.
Financial PerformanceReddit reported a strong Q3 with 68% year-over-year revenue growth and exceeded expectations in key metrics, including accelerating revenue growth and GAAP profitability.
User Engagement And GrowthReddit's advancements in machine learning models are enhancing content understanding, resulting in over 40% growth in conversation page views year over year.
Bears Say
Advertising GrowthQ3 guidance reflects slowing advertising growth, embedding a degree of conservatism amid mixed industry trends.
Market CompetitionCompetitive analysis of RDDT vs META, YouTube, X/Twitter and TikTok.
ValuationReddit is trading at 11x revs, a significant premium vs. peers.
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Ownership Overview
12.31% Insiders
7.78% Mutual Funds
8.29% Other Institutional Investors
67.93% 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 $123.60 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 Feb 26, 2025 which is in 109 days.
How were Reddit Inc Class A’s earnings last quarter?
Reddit Inc Class A released its earnings results on Oct 29, 2024. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of -$0.073 by $0.233.
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 $0.21.
How many shares outstanding does Reddit Inc Class A have?
Reddit Inc Class A has 119,734,990 shares outstanding.
What happened to Reddit Inc Class A’s price movement after its last earnings report?
Reddit Inc Class A reported an EPS of $0.16 in its last earnings report, beating expectations of -$0.073. Following the earnings report the stock price went up 41.975%.
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 48M.
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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:
$104.69 (-13.54% Downside)
$104.69 (-13.54% Downside)
Blogger Sentiment
Bullish
RDDT Sentiment 74%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 463.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $13.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.6%
Last 30 Days ▲ 15.2%
Last 30 Days ▲ 15.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Fundamentals
Return on Equity
-31.80%
Trailing 12-Months
Asset Growth
39.61%
Trailing 12-Months
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
Q3 2024
0:00 / 0:00
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RDDT Stock 12 Month Forecast
Average Price Target
$104.69
▼(-13.54% Downside)
Technical Analysis
Best Analysts Covering RDDT
1 Year
1 Year Success Rate
4/4 ratings generated profit
1 Year Average Return
+107.05%
reiterated a buy rating last month
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 +107.05% per trade.
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