RedditRDDT
About: Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
418% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 17
300% more first-time investments, than exits
New positions opened: 140 | Existing positions closed: 35
146% more capital invested
Capital invested by funds: $2.04B [Q2] → $5.03B (+$2.99B) [Q3]
111% more funds holding in top 10
Funds holding in top 10: 9 [Q2] → 19 (+10) [Q3]
60% more funds holding
Funds holding: 175 [Q2] → 280 (+105) [Q3]
14% more call options, than puts
Call options by funds: $247M | Put options by funds: $216M
8.48% more ownership
Funds ownership: 71.9% [Q2] → 80.38% (+8.48%) [Q3]
Research analyst outlook
21 Wall Street Analysts provided 1 year price targets over the past 3 months
21 analyst ratings
Piper Sandler Thomas Champion 0 / 0 met price target | 5%downside $150 | Overweight Reiterated | 19 Nov 2024 |
Bernstein Mark Shmulik 0 / 0 met price target | 46%downside $85 | Underperform Maintained | 30 Oct 2024 |
Citigroup Ronald Josey 0 / 0 met price target | 24%downside $120 | Buy Maintained | 30 Oct 2024 |
Loop Capital Alan Gould 0 / 0 met price target | 24%downside $120 | Buy Maintained | 30 Oct 2024 |
JMP Securities Andrew Boone 0 / 0 met price target | 25%downside $118 | Market Outperform Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 70 articles about RDDT published over the past 30 days
