Reddit (RDDT)

• Market cap: $19.8B
• 1 day: -0.59%
• 5 days: -5.22%
• 1 month: -3.31%
• 3 months: -52.35%
• 6 months: -17.05%
• Year to date: -35.39%
• 1 year: 113.91%
• 5 years: 112.51%
• 10 years: 112.51%
• Sector: Communication Services
• Industry: Internet Content & Information

About: Reddit is a social media platform where users can engage in conversations, explore, and create communities centered around their interests. Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit has evolved into a vast network of user-generated content organized into specialized forums known as "subreddits." The platform's unique community-driven model relies on volunteer moderators to manage content and maintain subreddit guidelines. Reddit generates revenue through advertising, Premium Memberships, and data licensing agreements.

Employees: 2,233

107.19 USD

-0.64

0.59%

Updated May 9, 11:07 AM EDT

1 day

-0.59%

5 days

-5.22%

1 month

-3.31%

3 months

-52.35%

6 months

-17.05%

Year to date

-35.39%

1 year

113.91%

5 years

112.51%

10 years

112.51%

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

533% more first-time investments, than exits

New positions opened: 253 | Existing positions closed: 40

208% more capital invested

Capital invested by funds: $5.06B [Q3] → $15.6B (+$10.5B) [Q4]

72% more funds holding

Funds holding: 283 [Q3] → 486 (+203) [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

12% more repeat investments, than reductions

Existing positions increased: 105 | Existing positions reduced: 94

1.11% less ownership

Funds ownership: 80.92% [Q3] → 79.82% (-1.11%) [Q4]

Research analyst outlook

19 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $75 30% downside
• Avg. target: $157 46% upside
• High target: $220 105% upside

19 analyst ratings

• positive: 13 68%
• neutral: 5 26%
• negative: 1 5%

Seaport Global Aaron Kessler 22% 1-year accuracy 2 / 9 met price target	54% upside $165	Buy Upgraded	5 May 2025
Citigroup Ronald Josey 45% 1-year accuracy 26 / 58 met price target	47% upside $158	Buy Maintained	2 May 2025
Wells Fargo Ken Gawrelski 57% 1-year accuracy 31 / 54 met price target	57% upside $168	Overweight Maintained	2 May 2025
Roth MKM Rohit Kulkarni 62% 1-year accuracy 18 / 29 met price target	21% upside $130	Neutral Maintained	2 May 2025
Goldman Sachs Eric Sheridan 43% 1-year accuracy 25 / 58 met price target	31% upside $140	Neutral Maintained	2 May 2025