Currently, there are 125.00M common shares owned by the public and among those 110.31M shares have been available to trade.
The company’s stock has a 5-day price change of 28.74% and -32.97% over the past three months. RDDT shares are trading -25.84% year to date (YTD), with the 12-month market performance up to 180.90% higher. It has a 12-month low price of $42.65 and touched a high of $230.41 over the same period. RDDT has an average intraday trading volume of 7.92 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 18.54%, -4.09%, and 4.42% respectively.
Institutional ownership of Reddit Inc (NYSE: RDDT) shares accounts for 53.34% of the company’s 125.00M shares outstanding.
It has a market capitalization of $21.93B and a beta (3y monthly) value of 2.85. 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 6.36% over the week and 9.16% over the month.
Earnings per share for the fiscal year are expected to increase by 131.34%, and 99.37% over the next financial year.
Looking at the support for the RDDT, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on April 16, 2025, with the firm’s price target at $125. Truist coverage for the Reddit Inc (RDDT) stock in a research note released on April 07, 2025 offered a Buy rating with a price target of $150. ROTH MKM on their part issued Neutral rating on January 22, 2025.
