Currently, there are 125.00M common shares owned by the public and among those 110.30M shares have been available to trade.
The company’s stock has a 5-day price change of -16.04% and -40.65% over the past three months. RDDT shares are trading -35.82% year to date (YTD), with the 12-month market performance up to 81.65% higher. It has a 12-month low price of $37.35 and touched a high of $230.41 over the same period. RDDT has an average intraday trading volume of 7.26 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 -15.62%, -36.09%, and -6.80% respectively.
Institutional ownership of Reddit Inc (NYSE: RDDT) shares accounts for 52.96% of the company’s 125.00M shares outstanding.
It has a market capitalization of $18.98B and a beta (3y monthly) value of 2.92. The earnings-per-share (ttm) stands at -$3.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.58% over the week and 9.83% over the month.
Earnings per share for the fiscal year are expected to increase by 134.35%, and 97.73% over the next financial year.
Looking at the support for the RDDT, a number of firms have released research notes about the stock. Redburn Atlantic stated their Sell rating for the stock in a research note on March 17, 2025, with the firm’s price target at $75. ROTH MKM was of a view on January 22, 2025 that the stock is Neutral, while Guggenheim gave the stock Buy rating on December 20, 2024, issuing a price target of $210. Wells Fargo on their part issued Overweight rating on December 11, 2024.
