Streetbeat News

RDDT

Reddit, Inc.

https://www.redditinc.com

Industry

Internet Content & Information

Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California. Reddit, Inc. operates as a subsidiary of Advance Publications, Inc.

Open

128.79

Mkt cap

22B

Volume

4.6M

High

131.69

P/E Ratio

-40.38

52-wk high

139.04

Low

123.14

Div yield

N/A

52-wk low

37.35

User reports indicate that Reddit is experiencing issues, as noted by DownDetector. This could potentially affect user engagement and ad revenue for the platform.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:19 pm

The article highlights significant options activity for 10 communication services stocks, indicating potential trading opportunities. Notable bullish and bearish sentiments are observed in options for companies like SIRI, META, GOOGL, and others.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 5:35 pm

Reddit is preparing to launch its own search ads business, as indicated by recent strategic hires, CEO statements, and the platform's focus on contextual keyword targeting. The move aims to capitalize on Reddit's high-intent user base and evolving search behaviors.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:54 pm

The article covers various updates in the consumer tech sector, including earnings reports from Palantir, Reddit, Walt Disney, and Bumble. It also discusses legal issues faced by CrowdStrike and Alphabet, gaming updates from Microsoft and Sony, and technology developments from Nvidia, Meta, and Apple.

Portfolio Pulse from Lekha Gupta

August 11, 2024 | 5:00 pm

Marin Software Incorporated (NASDAQ:MRIN) shares surged after the company enhanced its integrations with Reddit, Inc. (NYSE:RDDT) and X (formerly Twitter). The integration allows marketers to leverage Marin’s AI-driven tools to target users on these platforms. Marin's CEO highlighted the benefits of this integration for digital marketers. Despite recent financial losses, the stock saw a significant premarket increase.

Portfolio Pulse from Lekha Gupta

August 09, 2024 | 12:31 pm

Marin Software has announced enhancements to its integrations with Reddit and X, allowing marketers to use AI-powered tools for intelligence, optimization, and automation to reach users on these platforms.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:35 pm

Needham analyst Laura Martin has reiterated a Buy rating on Reddit (NYSE:RDDT) and maintained a $75 price target.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:12 am

Cathie Wood's Ark Invest made significant trades in Amazon, Robinhood, Reddit, and AMD. Amazon showed strong AWS growth but weak retail revenues. Robinhood surpassed Q2 revenue estimates with a 40% YoY increase. Reddit impressed with 91 million DAUs but faced potential volatility. AMD exceeded earnings expectations.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 3:17 am

JP Morgan analyst Doug Anmuth maintains a Neutral rating on Reddit (NYSE:RDDT) but lowers the price target from $67 to $59.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:17 pm

Reddit, Inc (NYSE:RDDT) is seeing positive analyst sentiment due to partnerships with OpenAI, Google, and Sprinklr, and strong financial performance. Analysts from Piper Sandler, JMP, and Goldman Sachs have provided favorable ratings and price targets, citing revenue and EBITDA growth. Despite this, Reddit's stock traded lower by 7.01% at $50.61.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 6:17 pm

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