RedditRDDT
RDDT
About: Reddit Inc is engaged in providing internet content. The company provides online human connections to communities, endless conversation, sports, business, crypto, television, and others. It generates a majority of revenue through the sale of advertising on mobile applications and websites. Other revenue consists of revenue from content licensing, Reddit Premium subscriptions, and products within the user economy.
Employees: 2,233
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 17 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
521% more first-time investments, than exits
New positions opened: 242 | Existing positions closed: 39
209% more capital invested
Capital invested by funds: $5.13B [Q3] → $15.8B (+$10.7B) [Q4]
67% more funds holding
Funds holding: 283 [Q3] → 472 (+189) [Q4]
26% more funds holding in top 10
Funds holding in top 10: 19 [Q3] → 24 (+5) [Q4]
14% more call options, than puts
Call options by funds: $2.88B | Put options by funds: $2.53B
11% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 94
0.79% less ownership
Funds ownership: 82.02% [Q3] → 81.23% (-0.79%) [Q4]
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$175
5%
upside
Avg. target
$202
22%
upside
High target
$250
50%
upside
17 analyst ratings
12 positive
71%
5 neutral
29%
0 negative
0%
Piper Sandler Thomas Champion 77% 1-year accuracy 43 / 56 met price target | 32%upside $220 | Overweight Maintained | 21 Feb 2025 |
Loop Capital Alan Gould 73% 1-year accuracy 16 / 22 met price target | 26%upside $210 | Buy Maintained | 13 Feb 2025 |
Citigroup Ronald Josey 83% 1-year accuracy 48 / 58 met price target | 32%upside $220 | Buy Maintained | 13 Feb 2025 |
JP Morgan Doug Anmuth 89% 1-year accuracy 39 / 44 met price target | 11%upside $185 | Neutral Maintained | 13 Feb 2025 |
Wells Fargo Ken Gawrelski 67% 1-year accuracy 34 / 51 met price target | 29%upside $215 | Overweight Maintained | 13 Feb 2025 |
Financial journalist opinion
Based on 60 articles about RDDT published over the past 30 days
Neutral
Barrons
17 hours ago
Reddit Extends Its Slide. Why an Analyst Still Says It's a Buy.
Piper Sandler still sees more upside for the social media platform.
Negative
The Motley Fool
1 day ago
Why Reddit Stock Is Plummeting Today
Reddit (RDDT -9.11%) stock is sinking in Thursday's trading. The social media company's share price was down 9.4% as of 2:45 p.m.
Neutral
Business Wire
3 days ago
Reddit to Present at Upcoming Investor Conferences
SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), today announced its participation in two upcoming investor conferences. Jen Wong, Chief Operating Officer, will participate in the Morgan Stanley Technology, Media & Telecom Conference. The Fireside Chat session is scheduled for 1:45 p.m. Eastern Time / 10:45 a.m. Pacific Time on Tuesday, March 4, 2025 Steve Huffman, Co-Founder & CEO, will participate in the Deutsche Bank 33rd Annual Media, Internet & Telecom Conference. The.
Positive
Zacks Investment Research
3 days ago
Should You Buy, Sell or Hold Reddit Stock at P/S of 18.19X?
RDDT benefits from strong user growth, AI-driven partnerships and a surge in ad revenues. However, concerns over valuation and market competition persist.
Neutral
Investors Business Daily
1 week ago
IPO Stock Of The Week Roundup: Atour Hits Buy Point; Birkenstock, Reddit Tumble
IPO Stock Of The Week Roundup: China stock Atour hit a buy point, while Reddit plunged on earnings. The post IPO Stock Of The Week Roundup: Atour Hits Buy Point; Birkenstock, Reddit Tumble appeared first on Investor's Business Daily.
Positive
CNBC
1 week ago
A growing digital ad market is benefiting giants like Meta and smaller players like Reddit
The digital advertising market is doing so well that even Reddit is getting a cut of the spoils. "Advertisers feel like consumers are susceptible to advertising and are investing in that," said Gil Luria, head of tech research at investment banking firm D.A.
Positive
Seeking Alpha
1 week ago
Reddit: Buy The Earnings Pullback (Rating Upgrade)
Reddit shares dropped 15% post-earnings despite strong results, presenting a potential buying opportunity for long-term investors. Q4 2024 saw revenues of $428 million, a 71% increase, crushing street estimates yet again, while reporting strong bottom-line improvement. Current quarter guidance was above expectations, and RDDT's improving financials suggest the potential for S&P 500 inclusion.
Positive
Bloomberg Technology
1 week ago
Google's Symbiotic Relationship with Reddit
Reddit COO Jen Wong speaks about the benefits of Google's impact on the company as they post fourth quarter earnings that missed analyst estimates. He joins Caroline Hyde and Jackie Davalos on "Bloomberg Technology".
Positive
Benzinga
1 week ago
Reddit Posts Solid Q4, Analysts Expect AI Language Translations To Grow Daily Active Users
Shares of Reddit Inc RDDT tanked in early trading on Thursday, despite the company reporting upbeat fourth-quarter results.
Neutral
Yahoo Finance
1 week ago
Reddit stock falls despite strong Q4 earnings report
Reddit (RDDT) shares slip lower Thursday morning after the social media platform beat fourth quarter revenue and earnings estimates, while daily active users fell below expectations (101.7 million vs. analyst consensus forecasts for 103.8 million).
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