Stocks of Reddit Inc (NYSE:RDDT) traded higher last session on Wall Street, up 1.60% to $143.95.
RDDT stock price is now 25.44% away from the 50-day moving average and 12.63% away from the 200-day moving average. The market capitalization of the company currently stands at $26.56B.
With the price target of $166, Cleveland Research recently initiated with Buy rating for Reddit Inc (NYSE: RDDT). On June 03, 2025, RBC Capital Mkts recently initiated its ‘Sector Perform’ rating on the stock quoting a target price of $125, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Slowe Christopher Brian, Chief Technology Officer sold 16,000 shares of the company’s stock on Jun 23 ’25. The stock was sold for $2,183,554 at an average price of $136.47. Upon completion of the transaction, the Chief Technology Officer now directly owns 246,373 shares in the company, valued at $35.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 25 ’25, Officer MICHELLE REYNOLDS bought 3,500 shares of the business’s stock. A total of $492,765 was incurred on buying the stock at an average price of $140.79. A total of 37.99% 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 $114.7568 and a two-hundred day moving average price translates $127.8056 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.
