Stocks of Reddit Inc (NYSE:RDDT) traded higher last session on Wall Street, down -10.31% to $86.91.
RDDT stock price is now -44.86% away from the 50-day moving average and -23.30% away from the 200-day moving average. The market capitalization of the company currently stands at $15.72B.
With the price target of $75, Redburn Atlantic recently initiated with Sell rating for Reddit Inc (NYSE: RDDT)., while ‘ROTH MKM’ rates the stock as ‘Neutral’
In other news, Huffman Steve Ladd, CEO & President sold 14,000 shares of the company’s stock on Mar 31 ’25. The stock was sold for $1,445,914 at an average price of $103.28. Upon completion of the transaction, the CEO & President now directly owns 577,013 shares in the company, valued at $50.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 24 ’25, Chief Financial Officer Vollero Andrew sold 100,000 shares of the business’s stock. A total of $12,407,769 was realized by selling the stock at an average price of $124.08. This leaves the insider owning 499,295 shares of the company worth $43.39 million. A total of 39.03% 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 fifty day moving average price for RDDT is $157.6278 and a two-hundred day moving average price translates $113.30885 for the stock.
The latest earnings results from Reddit Inc (NYSE: RDDT) was released for 2024-12-31. 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.
