Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Reddit Inc Class A (RDDT)
NYSE:RDDT
RESEARCH TOOLSreports
Holding RDDT?
Track your performance easily
RDDT Stock Chart & Stats
Day’s Range― - ―
52-Week Range$37.35 - $187.69
Previous CloseN/A
Volume2.60M
Average Volume (3M)5.82M
Market Cap
$30.70B
Enterprise Value$9.76B
Total Cash (Recent Filing)$1.27B
Total Debt (Recent Filing)$11.69M
Price to Earnings (P/E)―
Beta2.55
Next Earnings
Feb 26, 2025EPS Estimate
0.23Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.30
Shares Outstanding119,734,990
10 Day Avg. Volume4,909,642
30 Day Avg. Volume5,816,756
Standard Deviation0.27
R-Squared0.00011
Alpha0.16
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)57.18
Price to Cash Flow (P/CF)264.00
P/FCF Ratio275.60
Enterprise Value/Market Cap0.32
Enterprise Value/Revenue18.63
Enterprise Value/Gross Profit14.09
Enterprise Value/Ebitda-16.98
Forecast
1Y Price Target
$167.59Price Target Upside-4.16% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering17
Reddit Inc Class A News
Bulls Say, Bears Say
Bulls Say
Ad Revenue GrowthConstructive channel checks for Reddit and a healthy direct response ad environment suggests another quarter of possibly accelerating ad revenue growth, above guidance and estimates.
AI And Content ValueReddit is positioned as an AI beneficiary as AI applications increase access to, and value of, Reddit content, and many users look for authentic Reddit content in search.
Monetization OpportunitiesReddit has several untapped assets like search ads, video ads, and monetizing the user economy that have potential to drive upside to Street estimates.
Bears Say
Revenue GrowthTougher revenue comparisons in the first quarter expected to slow growth and limit further multiple expansion.
User GrowthUS user growth should see some deceleration on tougher comparisons versus Google algorithm changes last year.
ValuationReddit is trading at 11x revs, a significant premium vs. peers.
---
Ownership Overview
9.58% Insiders
14.54% Mutual Funds
6.38% Other Institutional Investors
64.05% 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 $187.69 in the past 12 months.
What is Reddit Inc Class A’s market cap?
Reddit Inc Class A’s market cap is $30.70B.
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 39 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 0.23.
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 49M.
---
Reddit Inc Class A Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$167.59 (-4.16% Downside)
$167.59 (-4.16% Downside)
Blogger Sentiment
Bullish
RDDT Sentiment 75%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 75.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $409.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days <0.1%
Last 30 Days ▲ 3.1%
Last 30 Days ▲ 3.1%
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
Headquartered in San Francisco, California, Reddit Inc. runs an online platform where users can join different communities to share posts, pictures, and videos about various topics. The platform allows people to vote on content, which helps decide what is most visible. Reddit is made up of thousands of different forums, known as subreddits, each focused on specific interests or themes. The site has millions of active users and provides a space for discussions, creativity, and connecting with others around shared interests.
---
RDDT Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance by Reddit, marked by significant growth in daily active users, revenue, and achieving GAAP profitability. International expansion and advances in advertising performance are particularly notable. However, some challenges remain, such as limited visibility in data licensing growth and the development of monetization strategies for conversation placements.Read More>---
RDDT Stock 12 Month Forecast
Average Price Target
$167.59
▼(-4.16% Downside)
Technical Analysis
Best Analysts Covering RDDT
1 Year
1 Year Success Rate
4/4 ratings generated profit
1 Year Average Return
+212.70%
reiterated a buy rating 3 months ago
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 +212.70% per trade.
---