Reddit Inc (NYSE: RDDT) is -31.96% lower on its value in year-to-date trading and has touched a low of $49.13 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 $108.46 in the last trading session, with the day’s gains setting it 2.75%.
Currently trading at $111.21, the stock is 2.43% and -2.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.06 million and changing 2.54% at the moment leaves the stock -6.01% off its SMA200. RDDT registered 116.36% gain for a year compared to 6-month loss of -8.15%.
The stock witnessed a 9.02% gain in the last 1 month and extending the period to 3 months gives it a -50.56%, and is -4.40% 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 5.88% over the week and 6.43% over the month.
Reddit Inc (RDDT) has around 2233 employees, a market worth around $20.52B and $1.45B in sales. Current P/E ratio is 172.05 and Fwd P/E is 47.99. Profit margin for the company is 8.07%. Distance from 52-week low is 126.36% and -51.73% from its 52-week high. The company has generated returns on investments over the last 12 months (5.23%).
The EPS is expected to grow by 137.47% this year.
Reddit Inc (RDDT) Top Institutional Holders
The shares outstanding are 129.15M, and float is at 113.83M with Short Float at 16.80%.
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 Huffman Steve Ladd, the company’s CEO & President. SEC filings show that Huffman Steve Ladd sold 14,000 shares of the company’s common stock on May 06 ’25 at a price of $110.67 per share for a total of $1.55 million. Following the sale, the insider now owns 0.58 million shares.
Reddit Inc disclosed in a document filed with the SEC on Apr 22 ’25 that Slowe Christopher Brian (Chief Technology Officer) sold a total of 11,000 shares of the company’s common stock. The trade occurred on Apr 22 ’25 and was made at $99.75 per share for $1.1 million. Following the transaction, the insider now directly holds 0.28 million shares of the RDDT stock.
Still, SEC filings show that on Apr 24 ’25, Slowe Christopher Brian (Chief Technology Officer) disposed off 5,068 shares at an average price of $111.28 for $0.56 million. The insider now directly holds 20,184 shares of Reddit Inc (RDDT).
