## Reddit, Inc. (NYSE: RDDT) Overview
Reddit, Inc. (stock ticker: RDDT) is the publicly traded company that operates the popular social media platform Reddit. The company went public in early 2024 and trades on the New York Stock Exchange under the symbol “RDDT.”
## Recent Stock Performance
– **Current Price:** $118.19 (as of the latest trading day), up 1.47% in the last 24 hours[5].
– **Market Capitalization:** Approximately $20.82 billion, a 6.93% increase over the last week[5].
– **52-Week Range:** $49.13 (low) to $230.41 (high)[2].
– **Volatility:** The stock is relatively volatile, with a 5.94% volatility rate and a beta of 2.48[5].
– **Moving Averages:** 50-day average is $111.54; 200-day average is $145.23[2].
## Financial Highlights
– **Latest Quarterly Earnings:**
– Earnings per share (EPS): $0.13, significantly beating the consensus estimate of $0.02[2][5].
– Revenue: $392.36 million, up 61.5% year-over-year and above the estimate of $370.55 million[2][5].
– Net Income: $26.16 million for the last quarter, though this was down from $71.04 million in the previous quarter (a 63.18% decrease)[5].
– Projected next quarter EPS: $0.19[5].
– Projected next quarter revenue: $423.43 million[5].
– **Profitability:** The company still operates at a negative margin overall, with a negative net margin of 37.25% and a negative return on equity of 24.71%[2].
– **Growth:** Revenue increased 61.5% compared to the same quarter the previous year[2].
## Upcoming Events
– **Next Earnings Report:** Expected on August 12, 2025[5].
## Recent Institutional Activity
– **Major Share Transactions:**
– Laurion Capital Management LP acquired 13,139 shares[1].
– Interval Partners LP sold 261,219 shares[4].
– MJP Associates Inc. ADV reduced its stake by 23.7%[2].
– **Other institutional investors** have made notable moves, including new positions and reductions, highlighting ongoing interest and portfolio rebalancing among large investors[2].
## Analyst Outlook
– **EPS Forecast:** Analysts expect Reddit, Inc. to post an EPS of 1.12 for the current fiscal year[2].
## Summary
Reddit, Inc. (RDDT) has demonstrated strong revenue growth and recently beat quarterly earnings expectations, although its net profit margin remains negative. The stock is volatile, attracting significant attention from institutional investors, with a market capitalization now over $20 billion. The next quarterly report in August 2025 will provide further insights into its financial trajectory[2][5].