Reddit Stock News

Advertisers on Reddit can now access InMarket's LCI to develop deeper understandings of advertising campaigns in the U.S. AUSTIN, Texas , Nov. 12, 2024 /PRNewswire/ -- InMarket, a leader in real-time marketing and measurement, today announced a preferred partnership with Reddit Inc. (NYSE: RDDT). Utilizing InMarket's Lift Conversion Index (LCI), Reddit advertisers in the U.S. can optimize their...

Reddit has seen recent success in closing the monetization gap by improving ad load and attracting a more diverse stable of advertisers. Translation and data licensing efforts significantly expand RDDT's revenue growth potential. While the valuation looks 'premium', we see a 25% annualized upside from now through 2026 on the back of higher advertiser ROI, user growth, and RPU.

Michael Seibel, a director at Reddit, Inc. (NYSE: RDDT), recently sold a substantial portion of his holdings, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).

In the highly saturated yet competitive social media market, Reddit (NYSE: RDDT) stands out. The platform, which aligns more closely with the style of an old-school forum, had its long-anticipated initial public offering (IPO) on March 21.

One of the biggest market debuts of 2024 is also one of its biggest gainers.

Shares of Reddit NYSE: RDDT, the well-known social media giant, surged by as much as 50% last week following a stellar Q3 earnings report that sent the stock to new all-time highs. After pulling back briefly from highs on Thursday, the stock closed the week at $112.98, up an impressive 38.8% on the week, compared to the overall market's negative 1.38% weekly performance.

The social media stock skyrocketed after a breakthrough earnings report.

The stock market is a complex and ever-changing ecosystem where prices fluctuate in response to multiple factors. Company earnings, economic data, investor sentiment, and geopolitical events all play a significant role in shaping the market's trajectory, often leading to a dynamic and volatile interplay of positive and negative stock price movements.