Reddit/RDDT

$42.46

1%
-
1D1W1MYTD1YMAX

About Reddit

Reddit, Inc. operates a social platform, Reddit. The Company operates mobile applications and a Website that allows users to form communities and create and share content. Reddit is focused on bringing community, belonging, and empowerment to everyone in the world. 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. Reddit has thousands of communities, endless conversation, and authentic human connections. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends.

Ticker

RDDT

Sector

Technology

Trading on

NYSE

Industry

Business Services

CEO

Steven Huffman

Employees

2,013

Headquarters

San francisco, United States

Reddit Metrics

BasicAdvanced
$6.63B
Market cap
-
P/E ratio
-$0.57
EPS
-
Beta
-
Dividend rate
$6.63B
$74.90
$37.35
11.078
411.314
-5.68%
-6.14%
8.252
4.8
20.6%
42.72%
52.01%

What the Analysts think about Reddit

Analyst Ratings

Majority rating from 14 analysts.
Buy

Price Targets

Average projection from 13 analysts.
15.4% upside
High $55.00
Low $40.00
$42.46
Current price
$49.00
Average price target

Reddit Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
7.4% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$249.7M
20.34%
Net income
$18.5M
-353.42%
Profit margin
7.4%
-310.83%

Reddit Earnings Performance

Earnings per share (EPS)

Company profitability
-
QuarterlyAnnual
Q1 24
Actual
-
Expected
-$6.84
Surprise
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Reddit stock?

Reddit (RDDT) has a market cap of $6.63B as of April 23, 2024.

What is the P/E ratio for Reddit stock?

The price to earnings (P/E) ratio for Reddit (RDDT) stock is 0 as of April 23, 2024.

Does Reddit stock pay dividends?

No, Reddit (RDDT) stock does not pay dividends to its shareholders as of April 23, 2024.

When is the next Reddit dividend payment date?

Reddit (RDDT) stock does not pay dividends to its shareholders.

What is the beta indicator for Reddit?

Reddit (RDDT) does not currently have a Beta indicator.

What is the Reddit stock price target?

The target price for Reddit (RDDT) stock is $49, which is 15.4% above the current price of $42.46. This is an average based on projections from 13 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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