RedditRDDT
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
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
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Morgan Stanley Brian Nowak 64% 1-year accuracy 23 / 36 met price target | 20%upside $140 | Overweight Maintained | 17 Apr 2025 |
Citigroup Ronald Josey 45% 1-year accuracy 26 / 58 met price target | 29%upside $150 | Buy Maintained | 14 Apr 2025 |
Goldman Sachs Eric Sheridan 47% 1-year accuracy 28 / 59 met price target | 6%upside $124 | Neutral Maintained | 14 Apr 2025 |
Piper Sandler Thomas Champion 38% 1-year accuracy 20 / 52 met price target | 20%upside $140 | Overweight Maintained | 10 Apr 2025 |
B of A Securities Justin Post 38% 1-year accuracy 8 / 21 met price target | 6%downside $110 | Neutral Maintained | 9 Apr 2025 |
Financial journalist opinion
Based on 36 articles about RDDT published over the past 30 days
