In Thursday’s Wall Street session, Reddit Inc (NYSE:RDDT) shares traded at $109.03, up 3.41% from the previous session.
RDDT stock price is now 1.12% away from the 50-day moving average and -10.14% away from the 200-day moving average. The market capitalization of the company currently stands at $20.12B.
With the price target maintained at $115, Wells Fargo recently Downgraded its rating from Overweight to Equal Weight for Reddit Inc (NYSE: RDDT). On May 05, 2025, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $165, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, Slowe Christopher Brian, Chief Technology Officer sold 26,000 shares of the company’s stock on May 22 ’25. The stock was sold for $2,559,070 at an average price of $98.43. Upon completion of the transaction, the Chief Technology Officer now directly owns 251,373 shares in the company, valued at $27.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’25, Chief Legal Officer Lee Benjamin Seong sold 6,854 shares of the business’s stock. A total of $674,546 was realized by selling the stock at an average price of $98.42. This leaves the insider owning 99,277 shares of the company worth $10.82 million. A total of 38.24% 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 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.
