In Thursday’s Wall Street session, Reddit Inc (NYSE:RDDT) shares traded at $150.72, down -10.56% from the previous session.
RDDT stock price is now -17.23% away from the 50-day moving average and 40.26% away from the 200-day moving average. The market capitalization of the company currently stands at $27.27B.
On January 22, 2025, ROTH MKM Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $116 to quote $195, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, Huffman Steve Ladd, CEO & President sold 14,000 shares of the company’s stock on Feb 28 ’25. The stock was sold for $2,244,253 at an average price of $160.30. Upon completion of the transaction, the CEO & President now directly owns 597,515 shares in the company, valued at $90.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’25, Officer MICHELLE REYNOLDS bought 11,965 shares of the business’s stock. A total of $1,943,714 was incurred on buying the stock at an average price of $162.45. A total of 39.58% of the company’s stock is owned by insiders.
During the past 12 months, Reddit Inc has had a low of $37.35 and a high of $230.41. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 12.63, and a quick ratio of 12.63.
The net profit margin was -37.25% and return on equity was -27.12% for RDDT. The company reported revenue of $427.71 million for the quarter, compared to $249.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 71.25 percent.
