Reddit Inc (NYSE:RDDT) shares traded 11.06% higher at $125.32 on Wall Street last session.
RDDT stock price is now 11.18% away from the 50-day moving average and 5.41% away from the 200-day moving average. The market capitalization of the company currently stands at $23.12B.
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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, Huffman Steve Ladd, CEO & President sold 14,000 shares of the company’s stock on May 06 ’25. The stock was sold for $1,549,335 at an average price of $110.67. Upon completion of the transaction, the CEO & President now directly owns 577,013 shares in the company, valued at $72.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 22 ’25, Chief Technology Officer Slowe Christopher Brian sold 11,000 shares of the business’s stock. A total of $1,097,238 was realized by selling the stock at an average price of $99.75. This leaves the insider owning 281,213 shares of the company worth $35.24 million. A total of 38.31% of the company’s stock is owned by insiders.
During the past 12 months, Reddit Inc has had a low of $49.13 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 fifty day moving average price for RDDT is $112.72 and a two-hundred day moving average price translates $118.88615 for the stock.
The latest earnings results from Reddit Inc (NYSE: RDDT) was released for 2025-03-31. 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.
