The stock of Reddit Inc (NYSE:RDDT) last traded at $109.99, down -5.45% from the previous session.
RDDT stock price is now -7.35% away from the 50-day moving average and -6.37% away from the 200-day moving average. The market capitalization of the company currently stands at $20.31B.
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With the price target maintained at $165, Seaport Research Partners recently Upgraded its rating from Neutral to Buy for Reddit Inc (NYSE: RDDT). On May 02, 2025, Bernstein Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $130, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Slowe Christopher Brian, Chief Technology Officer sold 11,000 shares of the company’s stock on Apr 22 ’25. The stock was sold for $1,097,238 at an average price of $99.75. Upon completion of the transaction, the Chief Technology Officer now directly owns 281,213 shares in the company, valued at $30.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 24 ’25, Chief Technology Officer Slowe Christopher Brian sold 5,068 shares of the business’s stock. A total of $563,986 was realized by selling the stock at an average price of $111.28. This leaves the insider owning 20,184 shares of the company worth $2.22 million. A total of 38.94% of the company’s stock is owned by insiders.
During the past 12 months, Reddit Inc has had a low of $46.75 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 12.46, and a quick ratio of 12.46.
The net profit margin was 8.07% and return on equity was 5.77% for RDDT. The company reported revenue of $392.36 million for the quarter, compared to $242.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 61.49 percent.
