Currently, there are 129.15M common shares owned by the public and among those 113.83M shares have been available to trade.
The company’s stock has a 5-day price change of 2.59% and -47.21% over the past three months. RDDT shares are trading -30.96% year to date (YTD), with the 12-month market performance up to 125.18% higher. It has a 12-month low price of $49.13 and touched a high of $230.41 over the same period. RDDT has an average intraday trading volume of 8.89 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 3.24%, -0.49%, and -4.83% respectively.
Institutional ownership of Reddit Inc (NYSE: RDDT) shares accounts for 53.82% of the company’s 129.15M shares outstanding.
It has a market capitalization of $20.82B and a beta (3y monthly) value of 2.23. The stock’s trailing 12-month PE ratio is 174.57, while the earnings-per-share (ttm) stands at $0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.63% over the week and 6.37% over the month.
Earnings per share for the fiscal year are expected to increase by 137.47%, and 85.73% over the next financial year.
Looking at the support for the RDDT, a number of firms have released research notes about the stock. Seaport Research Partners stated their Buy rating for the stock in a research note on May 05, 2025, with the firm’s price target at $165. Bernstein coverage for the Reddit Inc (RDDT) stock in a research note released on May 02, 2025 offered a Mkt Perform rating with a price target of $130. Oppenheimer was of a view on April 16, 2025 that the stock is Outperform, while Truist gave the stock Buy rating on April 07, 2025, issuing a price target of $150. Redburn Atlantic on their part issued Sell rating on March 17, 2025.
