Reddit, Inc. (RDDT)

NYSE: RDDT · IEX Real-Time Price · USD
42.27
-2.26 (-5.08%)
At close: Apr 12, 2024, 4:01 PM
42.10
-0.17 (-0.40%)
After-hours: Apr 12, 2024, 7:59 PM EDT
-5.08%
Market Cap 6.72B
Revenue (ttm) 804.03M
Net Income (ttm) -90.82M
Shares Out 158.98M
EPS (ttm) -0.57
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,989,837
Open 43.47
Previous Close 44.53
Day's Range 42.16 - 43.86
52-Week Range 41.72 - 74.90
Beta n/a
Analysts Hold
Price Target 48.00 (+13.56%)
Earnings Date May 7, 2024

About RDDT

Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. People are diverse and have multiple interests. Just like in a city, where citizens are part of multiple subcommunities, on Reddit, users often belong to multiple communities. At Reddit, users can dive into anything, and if a community does not already exist ... [Read more]

IPO Date Mar 21, 2024
Employees 2,013
Stock Exchange NYSE
Ticker Symbol RDDT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for RDDT stock is "Hold." The 12-month stock price forecast is $48.0, which is an increase of 13.56% from the latest price.

Price Target
$48.0
(13.56% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Reddit to Announce First Quarter 2024 Results on Tuesday, May 7, 2024

SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced today that the company's first quarter 2024 financial results will be released after market close on Tuesday, May 7, 2024. Reddit w...

2 days ago - Business Wire

How TikTok Ban Would Impact Social Media Stocks

The potential TikTok ban is likely to benefit Meta (META) and Alphabet (GOOGL), notes Seema Shah. She and JR Gondeck discuss trends in the social media space.

Other symbols: DJTMETAPINS
5 days ago - Schwab Network

U.S. brokerages start Reddit coverage with doubts over turning a profit

Two U.S. brokerages began coverage of Reddit by taking a skeptical stance on the social media platform's ability to turn profitable and raised concerns over its potential entry into the 'meme stock' c...

9 days ago - Reuters

‘Poor Man's Twitter': Reddit Gets Lukewarm Wall Street Welcome

Reddit's first batch of analyst reviews were mixed at best, putting further pressure on the newly public social media company as it navigates a significant downswing in its valuation.

9 days ago - Forbes

Reddit's story hinges on ‘promises we've heard too many times,' a new bear says

Reddit Inc. has a “compelling” near-term narrative ahead of it, according to a Bernstein analyst. The company was the leading social-media player in terms of user and revenue growth during the fourth ...

10 days ago - Market Watch

Banker sees healthy M&A, IPO deal pipeline as private-equity firms look to deploy cash

The dealmaking pipeline for mergers and well as initial public offerings continues to improve from a year ago as private-equity firms and middle-market businesses gear up to transact, a high-ranking b...

Other symbols: CFG
11 days ago - Market Watch

Strategist says buy iShares Russell 2000 ETF and avoid Reddit

There are a lot of ways to evaluate whether or not an asset is worth adding to your portfolio. One thing to look at is valuation.

Other symbols: IWM
12 days ago - Yahoo Finance

Can Reddit (RDDT) Monetize?

How does Reddit compare to other social media platforms like Instagram and Pinterest? The RDDT stock price is down after the NYSE debut.

12 days ago - Schwab Network

Here's why Trump Media (DJT), Rumble, Reddit stocks dived

Trump Media & Technology (DJT), Rumble (RUM), and Reddit (RDDT) stock prices dived hard on Monday, erasing some of the recent gains.  DJT, the newly-public social media company, crashed by over 14% on...

Other symbols: DJT
12 days ago - Invezz

After DJT and Reddit, is Circle the next tech IPO to come in Q2?

Trump Media (DJT) and Reddit (RDDT) were the biggest names to go public in the first quarter of the year. To a large extent, these companies performed well shortly after listing in New York, which cou...

Other symbols: DJT
13 days ago - Invezz

How to evaluate meme stocks, according to two experts

Meme stocks have wiggled their way back into Wall Street conversations as social media companies Trump Media & Technology Group (DJT) and Reddit (RDDT) began trading at high valuations despite the com...

Other symbols: DJTGME
15 days ago - Yahoo Finance

Here's what the Trump DJT and Reddit stock deals might mean for the broad market

Donald Trump said it would be difficult for him to post a $454 million bond while appealing a fraud conviction and celebrated on Monday when the amount was lowered to $175 million on appeal.

Other symbols: DJT
15 days ago - Market Watch

Reddit shares on a two-day tumble after post-IPO high

Reddit shares are plummeting after experiencing a rally after the social messaging company's IPO last week.

16 days ago - CNBC

It's time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.

That was Federal Reserve Gov. Chris Waller pounding the table over the need for patience on interest rate cuts in a much-anticipated speech on Wednesday night.

16 days ago - Market Watch

Reddit shares slump after CEO Steve Huffman sells 500,000 shares

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.

17 days ago - CNBC Television

Short sellers target Reddit shares as stock slips

Reddit stock's stellar market debut has drawn significant bearish bets against the social media forum in its first few days of trading, data from analytics company Ortex on Wednesday showed.

17 days ago - Reuters

Reddit IPO is telling stock investors what they should know about the market now

To those with short memories, Reddit's successful initial public offering kindles worries that the U.S. stock market is entering a period of irrational exuberance like it did in the summer and fall of...

17 days ago - Market Watch

Not Just Trump Media: These Social Media Stocks Are Also Red Hot

The newly public company tied to former President Donald Trump's Truth Social platform isn't the only social media stock rallying, as shares of the handful of other public social media companies are a...

Other symbols: DJTMETAPINSSNAP
18 days ago - Forbes

Reddit investors shrug off hold rating, bid up stock another 15% as post-IPO rally continues

Reddit's post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst.

18 days ago - CNBC

Reddit stock price forecast: New Street sees 20% downside

Reddit Inc (NYSE: RDDT) is a fairly risky investment now that its trading at double the price at which it IPO-ed, as per a New Street Research analyst. Reddit stock could tank to $54 Dan Salmon assume...

18 days ago - Invezz

AI Is Not the Killer App; It's the Killer Fuel for Reddit and Others

3iq's Head of Research Mark Connors thinks AI is the killer fuel for tech companies' future success and says it explains Reddit's surge post-IPO. He argues that Reddit remains untapped in terms of its...

18 days ago - Bloomberg Markets and Finance

Reddit stock charges higher, even as it picks up a neutral rating

Reddit Inc.'s stock is continuing its sharp ascent in Tuesday trading, even as an analyst took a sidelined stance on the social-media name.

18 days ago - Market Watch

Reddit shares surge a day after options launch, set to nearly double IPO price

Shares of social media platform Reddit jumped 11% on Tuesday, set to extend a strong run from a day earlier following the launch of options on the stock.

18 days ago - Reuters

Cramer's Mad Dash: Reddit

CNBC's Jim Cramer delivers his daily Mad Dash.

18 days ago - CNBC Television

Reddit's lost money for nearly 20 years. Turning a profit is going to be tricky.

Reddit is nearly 20 years old and still loses money. Changing that won't be easy.

18 days ago - Business Insider