Currently, there are 116.91M common shares owned by the public and among those 103.70M shares have been available to trade.
The company’s stock has a 5-day price change of 3.41% and 147.77% over the past three months. It has a 12-month low price of $37.35 and touched a high of $191.00 over the same period. RDDT has an average intraday trading volume of 6.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.30%, 20.14%, and 118.76% respectively.
Institutional ownership of Reddit Inc (NYSE: RDDT) shares accounts for 41.11% of the company’s 116.91M shares outstanding.
It has a market capitalization of $34.19B. The earnings-per-share (ttm) stands at -$3.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.16% over the week and 6.05% over the month.
Earnings per share for the fiscal year are expected to decrease by -151.04%, and 121.38% over the next financial year.
Looking at the support for the RDDT, a number of firms have released research notes about the stock. ROTH MKM stated their Neutral rating for the stock in a research note on January 22, 2025, with the firm’s price target at $116-$195. Guggenheim coverage for the Reddit Inc (RDDT) stock in a research note released on December 20, 2024 offered a Buy rating with a price target of $210. Wells Fargo was of a view on December 11, 2024 that the stock is Overweight, while Morgan Stanley gave the stock Overweight rating on December 09, 2024, issuing a price target of $70- $200. Jefferies on their part issued Buy rating on October 09, 2024.
