NYSE:RDDT Reddit (RDDT) Stock Price, News & Analysis $56.89 +1.87 (+3.40%) (As of 08/21/2024 ET) Add Compare Share Share Today's Range$54.27▼$57.1150-Day Range$50.70▼$73.8552-Week Range$37.35▼$78.08Volume4.17 million shsAverage Volume4.11 million shsMarket Capitalization$9.44 billionP/E RatioN/ADividend YieldN/APrice Target$65.56 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Reddit alerts: Email Address Reddit MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.59 Rating ScoreUpside/Downside15.2% Upside$65.56 Price TargetShort InterestBearish25.70% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.60Based on 8 Articles This WeekInsider TradingSelling Shares$13.72 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($4.17) to ($0.09) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.32 out of 5 starsComputer And Technology Sector510th out of 594 stocksData Processing & Preparation Industry46th out of 57 stocks 3.3 Analyst's Opinion Consensus RatingReddit has received a consensus rating of Moderate Buy. The company's average rating score is 2.59, and is based on 9 buy ratings, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageReddit has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Reddit's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted25.70% of the float of Reddit has been sold short.Short Interest Ratio / Days to CoverReddit has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Reddit has recently increased by 11.24%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldReddit does not currently pay a dividend.Dividend GrowthReddit does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RDDT. Previous Next 2.0 News and Social Media Coverage News SentimentReddit has a news sentiment score of 0.60. 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 higher news sentiment than the 0.41 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Reddit this week, compared to 20 articles on an average week.Search InterestOnly 32 people have searched for RDDT on MarketBeat in the last 30 days. This is a decrease of -14% 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 -60% compared to the previous 30 days. Previous Next 0.8 Company Ownership 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 $13,717,340.00 in company stock.Read more about Reddit's insider trading history. Previous Next 0.6 Earnings and Valuation 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Colonial MetalsWanted Dead: PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.In answer to this issue, we have released a Special Report to the public. 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.Read More RDDT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RDDT Stock News HeadlinesAugust 15, 2024 | marketbeat.com3 High-Potential Stocks Analysts Say Could Soar (RDDT)Three stocks were the target for Wall Street analysts to assign target boosts lately despite a broader market selloff. All backed by solid fundamentalsAugust 14, 2024 | insidertrades.comMary Porter Gale Sells 15,000 Shares of Reddit, Inc. (NYSE:RDDT) StockAugust 22, 2024 | Colonial Metals (Ad)Wanted Dead: PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.August 8, 2024 | marketbeat.comReddit Stock Confirms More Upside Potential for Upcoming QuartersReddit stock is now showing investors why there is still double-digit upside in the company, and even short sellers are running away from the potential rallyAugust 21 at 8:44 AM | americanbankingnews.comReddit (NYSE:RDDT) Stock Price Down 2.9%August 21 at 2:01 AM | americanbankingnews.comReddit, Inc. (NYSE:RDDT) Receives $65.56 Consensus PT from BrokeragesAugust 19 at 6:59 PM | finance.yahoo.comReddit to Participate in Goldman Sachs Communacopia + Technology ConferenceAugust 19 at 3:29 PM | seekingalpha.comReddit: Buy The Dip With Confidence (Rating Upgrade)August 22, 2024 | Colonial Metals (Ad)Wanted Dead: PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.August 15, 2024 | americanbankingnews.comReddit, Inc. (NYSE:RDDT) Director Sells $1,569,300.00 in StockAugust 15, 2024 | msn.comReddit’s (NYSE:RDDT) Growing Traffic Prompts Investor ConcernAugust 14, 2024 | msn.comTwo Hot Stocks: Shopify and RedditAugust 12, 2024 | americanbankingnews.comReddit's (RDDT) "Buy" Rating Reaffirmed at Needham & Company LLCAugust 11, 2024 | marketwatch.comReddit’s stock rallies ahead of second-quarter resultsAugust 10, 2024 | investorplace.comReddit Ad Revenue Is Soaring. That’s Not Good for RDDT Stock. Here’s Why.August 10, 2024 | investorplace.comReddit Ad Revenue Is Soaring. That's Not Good for RDDT Stock.August 10, 2024 | investorplace.com3 Stocks That Could Make Your Summer UnforgettableAugust 9, 2024 | markets.businessinsider.comBuy Rating Affirmed for Reddit Inc. on Strong Q2 Performance and Strategic InnovationsSee More Headlines 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 Company Calendar Last Earnings8/06/2024Today8/21/2024Next 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$65.56 High Stock Price Target$84.00 Low Stock Price Target$50.00 Potential Upside/Downside+15.2%Consensus RatingModerate Buy Rating Score (0-4)2.59 Research Coverage17 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$981.41 million Price / Sales9.48 Cash FlowN/A Price / Cash FlowN/A Book Value$11.58 per share Price / Book4.91Miscellaneous Outstanding Shares163,509,000Free FloatN/AMarket Cap$9.30 billion OptionableOptionable BetaN/A 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Steven Ladd Huffman (Age 39)Co-Founder, CEO, President & Director Comp: $1.14MMr. Andrew Vollero (Age 57)Chief Financial Officer Comp: $1.15MMs. Jennifer L. Wong (Age 48)Chief Operating Officer Comp: $1.1MMs. Michelle ReynoldsChief Accounting OfficerDr. Christopher Slowe Ph.D. (Age 45)Chief Technology Officer Mr. Fredrick LeeChief Information Security OfficerMr. Benjamin Lee (Age 56)Chief Legal Officer & Corporate Secretary Ms. Roxy YoungChief Marketing & Consumer Experience OfficerMs. Nellie PeshkovChief People OfficerMr. Justin BassettHead of Rounding-UpMore ExecutivesKey CompetitorsTrip.com GroupNASDAQ:TCOMICON PublicNASDAQ:ICLRCGINYSE:GIBJoint Stock Company Kaspi.kzNASDAQ:KSPICorpayNYSE:CPAYView All CompetitorsInsiders & InstitutionsTruist Financial CorpBought 4,163 shares on 8/21/2024Ownership: 0.003%Point72 Asset Management L.P.Sold 117,227 shares on 8/19/2024Ownership: 0.043%Alight Capital Management LPBought 50,000 shares on 8/15/2024Ownership: 0.031%Millennium Management LLCBought 5,000 shares on 8/15/2024Ownership: 0.000%Scientech Research LLCBought 10,601 shares on 8/15/2024Ownership: 0.012%View All Insider TransactionsView All Institutional Transactions RDDT Stock Analysis - Frequently Asked Questions How have RDDT shares performed this year? Reddit's stock was trading at $50.44 at the beginning of 2024. Since then, RDDT shares have increased by 12.8% and is now trading at $56.89. 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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.31) by $0.25. Reddit's revenue for the quarter was up 53.6% on a year-over-year basis. 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 a price of $34.00 per share. When does the company's lock-up period expire? Reddit's lock-up period expires 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. After the expiration of the company's lock-up period, major shareholders and company insiders will be able to sell their shares of the company. 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, Michelle Marie Reynolds, Mary Porter Gale 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. 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