In Wednesday’s Wall Street session, Reddit Inc (NYSE:RDDT) shares traded at $118.21, up 6.63% from the previous session.
RDDT stock price is now 9.75% away from the 50-day moving average and -3.51% away from the 200-day moving average. The market capitalization of the company currently stands at $21.81B.
With the price target of $125, RBC Capital Mkts recently initiated with Sector Perform rating for Reddit Inc (NYSE: RDDT). On May 19, 2025, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock keeping its target price maintained at $115, while ‘Seaport Research Partners’ rates the stock as ‘Buy’
In other news, Huffman Steve Ladd, CEO & President sold 14,000 shares of the company’s stock on May 30 ’25. The stock was sold for $1,540,732 at an average price of $110.05. Upon completion of the transaction, the CEO & President now directly owns 560,133 shares in the company, valued at $66.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’25, Chief Technology Officer Slowe Christopher Brian sold 26,000 shares of the business’s stock. A total of $2,559,070 was realized by selling the stock at an average price of $98.43. This leaves the insider owning 251,373 shares of the company worth $29.71 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 fifty day moving average price for RDDT is $107.7074 and a two-hundred day moving average price translates $122.50875 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.
