Reddit Inc (NYSE: RDDT) is -32.67% lower on its value in year-to-date trading and has touched a low of $37.35 and a high of $230.41 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RDDT stock was last observed hovering at around $104.90 in the last trading session, with the day’s gains setting it 5.15%.
Currently trading at $110.05, the stock is -9.69% and -32.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.55 million and changing 4.91% at the moment leaves the stock -2.41% off its SMA200. RDDT registered 123.13% gain for a year compared to 6-month gain of 64.06%. The firm has a 50-day simple moving average (SMA 50) of $162.8426 and a 200-day simple moving average (SMA200) of $112.76855.
The stock witnessed a -32.26% loss in the last 1 month and extending the period to 3 months gives it a -36.59%, and is -12.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.77% over the week and 9.75% over the month.
Reddit Inc (RDDT) has around 2233 employees, a market worth around $19.91B and $1.30B in sales. Fwd P/E is 48.65. Profit margin for the company is -37.25%. Distance from 52-week low is 194.65% and -52.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.51%).
The EPS is expected to grow by 134.35% this year.
Reddit Inc (RDDT) Top Institutional Holders
614.0 institutions hold shares in Reddit Inc (RDDT), with institutional investors hold 102.12% of the company’s shares. The shares outstanding are 125.00M, and float is at 110.30M with Short Float at 14.49%. Institutions hold 83.52% of the Float.
The top institutional shareholder in the company is FMR LLC with over 3.02 million shares valued at $192.85 million. The investor’s holdings represent 1.8362% of the RDDT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.44 million shares valued at $156.21 million to account for 1.4873 of the shares outstanding. The other top investors are INCLUSIVE CAPITAL PARTNERS, L.P. which holds 2.09 million shares representing 1.2711% and valued at over $133.49 million, while BANK OF NEW YORK MELLON CORP holds 1.012 of the shares totaling 1.66 million with a market value of $106.29 million.
Reddit Inc (RDDT) Insider Activity
The most recent transaction is an insider sale by Vollero Andrew, the company’s Chief Financial Officer. SEC filings show that Vollero Andrew sold 100,000 shares of the company’s common stock on Mar 24 ’25 at a price of $124.08 per share for a total of $12.41 million. Following the sale, the insider now owns 0.5 million shares.
Reddit Inc disclosed in a document filed with the SEC on Mar 25 ’25 that Vollero Andrew (Chief Financial Officer) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Mar 25 ’25 and was made at $123.51 per share for $12.35 million. Following the transaction, the insider now directly holds 0.4 million shares of the RDDT stock.
Still, SEC filings show that on Mar 24 ’25, Slowe Christopher Brian (Chief Technology Officer) disposed off 11,000 shares at an average price of $124.08 for $1.36 million. The insider now directly holds 281,213 shares of Reddit Inc (RDDT).
