The price of Reddit Inc (NYSE:RDDT) shares last traded on Wall Street rose 1.10% to $152.23.
RDDT stock price is now 29.10% away from the 50-day moving average and 17.86% away from the 200-day moving average. The market capitalization of the company currently stands at $28.09B.
With the price target enhanced from $115 to $118, Wells Fargo maintained Equal Weight rating for Reddit Inc (NYSE: RDDT). On June 25, 2025, Cleveland Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $166, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, Reynolds Michelle Marie, Chief Accounting Officer sold 3,500 shares of the company’s stock on Jun 25 ’25. The stock was sold for $527,240 at an average price of $150.64. Upon completion of the transaction, the Chief Accounting Officer now directly owns 37,868 shares in the company, valued at $5.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 23 ’25, Chief Technology Officer Slowe Christopher Brian sold 16,000 shares of the business’s stock. A total of $2,183,554 was realized by selling the stock at an average price of $136.47. This leaves the insider owning 246,373 shares of the company worth $37.51 million. 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 $117.913 and a two-hundred day moving average price translates $129.16365 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.
