How to Buy Reddit Stock
Reddit Inc
Reddit is a internet content & information company located in California, United States, which is part of the Communication Services sector, and is traded under the ticker RDDT on the NYSE exchange.
Reddit stock last closed at $74.87, up 2.21% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Internet Content & Information industry by N/A percentage points. Reddit stock is currently +100.46% from its 52-week low of $37.35, and -4.11% from its 52-week high of $78.08.
At the moment, there are 165.88M shares of RDDT outstanding. The market cap of RDDT is $12.42B. In the last 24 hours, 5.47M RDDT shares were traded.
How to Buy Reddit Stock
Not sure how to invest in Reddit stock? Here's how.
- Decide where to buy Reddit stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Reddit stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your payment method and add your information.
- Research Reddit stock: The Reddit ticker symbol is RDDT. Is Reddit stock a good investment? Should you buy shares of RDDT? How do RDDT's underlying business fundamentals look? Do top analysts think Reddit is a good buy? Why has RDDT's stock price moved recently? (Hint: Our stock research website can help you understand if RDDT is a good stock to buy).
- Place your RDDT buy order: Decide if you will purchase RDDT shares at the current market price or use a limit order to buy RDDT stock at a particular price.
- Get updates on your investment in RDDT: Create a watchlist to keep tabs on your investment in Reddit shares.
Step 1: Decide where to buy Reddit stock
You need an online brokerage account to access the NYSE market and buy RDDT stock.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal details so you are able to invest in RDDT stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new brokerage account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on a investment app, your next step is to transfer the money for your investment:
Watch the tutorial below if you need help transferring funds into your brokerage account.
Step 4: Research Reddit stock
Once you have decided on the best place to buy Reddit stock, it's absolutely critical to analyze their stock before you buy, so you truly comprehend the risk and opportunity.
Reddit quick stats
Reddit Due Diligence Checks
WallStreetZen was built to help average investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on RDDT's stock page.
Is RDDT stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RDDT's intrinsic value.
Using relative valuations methods:
- RDDT may be undervalued based on its P/B ratio of 6.56x, relative to Internet Content & Information industry P/B ratio of 6.84x
You can access additional valuation analysis on RDDT's stock here.
How do RDDT Financials look?
Signs that RDDT is financially healthy:
- There are more short-term assets than short-term liabilities on the RDDT balance sheet.
- There are more short-term assets than long-term liabilities on the RDDT balance sheet.
- RDDT has a low debt to equity ratio of 0.1.
Is it a good time to buy Reddit stock, according to Wall Street analysts?
Out of 18 sell side analysts who research RDDT, the consensus analyst rating on RDDT is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent RDDT Analyst Recommendations
Naved Khan, a top 11% analyst from B. Riley Securities initiates coverage on RDDT with a strong buy rating and announces their RDDT price target of $75.00, on Sep 20, 2024.
Justin Post, a top 1% analyst from Bank of America maintains RDDT with a hold rating and raises their RDDT price target from $57.00 to $60.00, on Aug 7, 2024.
Rohit Kulkarni, a top 2% analyst from Roth MKM maintains RDDT with a strong buy rating and lowers their RDDT price target from $67.00 to $66.00, on Aug 7, 2024.
Thomas Champion, a top 38% analyst from Piper Sandler maintains RDDT with a strong buy rating and raises their RDDT price target from $65.00 to $70.00, on Aug 7, 2024.
Vasily Karasyov, a bottom 30% analyst from Cannonball Research initiates coverage on RDDT with a strong buy rating and announces their RDDT price target of $67.00, on Aug 6, 2024.
You can dive deeper into what analysts are forecasting on the Reddit stock forecast page.
RDDT Technicals
Who is buying/selling RDDT?
Over the last year, executives and large shareholders at RDDT have sold more shares than they have bought.
Steve Ladd Huffman, CEO President of RDDT, was the latest RDDT insider to sell. They sold $58,751.10 worth of RDDT shares on Sep 30, 2024.
Get more info about who owns RDDT stock here.
Can I rely on RDDT as an income stream?
No, Reddit doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your RDDT buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, place a limit order.
Click the Open button and eToro will place your order.
If you need more info about investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your investment in RDDT
Now that you own some RDDT shares, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to get notified of important updates regarding your RDDT stock.
RDDT Feed
How to Buy Stock in Reddit
To reiterate, here are the 6 steps to buy stock in Reddit:
- Decide where to buy Reddit stock
- Create your brokerage account
- Put funds into your brokerage account
- Research Reddit stock
- Place your RDDT buy order
- Get updates on your investment in RDDT
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Reddit, add RDDT to your watchlist below.
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