Analysts Point To Reddit Inc (NYSE: RDDT) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, RDDT falls under the Communication Services sector while operating within the Internet Content & Information industry segment. The current market capitalization of Reddit Inc is $23.13B. A total of 8.34 million shares were traded on the day, compared to an average of 5.81M shares.

In the most recent transaction, ANDREW VOLLERO bought 19,838 shares of RDDT for 146.67 per share on Nov 25 ’24. In a previous transaction on Nov 22 ’24, Slowe Christopher Brian sold 21,000 shares at 146.01 per share. RDDT shares that Chief Technology Officer owns now total 297,925.

Among the insiders who sold shares, Slowe Christopher Brian disposed of 5,000 shares on Nov 22 ’24 at a per-share price of $146.00. This resulted in the Chief Technology Officer holding 25,068 shares of RDDT after the transaction. In another insider transaction, Lee Benjamin Seong sold 18,519 shares at $146.06 per share on Nov 22 ’24. Company shares held by the Chief Legal Officer now total 138,401.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, RDDT has a high of $158.49 and a low of $37.35.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RDDT’s latest balance sheet shows that the firm has $1.41B in Cash & Short Term Investments as of fiscal 2021. There were $13.46M in debt and $70.46M in liabilities at the time. Its Book Value Per Share was $11.36, while its Total Shareholder’s Equity was -$286.01M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RDDT is Buy with a score of 4.00.

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