Stocks of Reddit Inc (NYSE:RDDT) traded higher last session on Wall Street, down -5.15% to $166.40.
RDDT stock price is now -9.03% away from the 50-day moving average and 62.15% away from the 200-day moving average. The market capitalization of the company currently stands at $30.09B.
On January 22, 2025, ROTH MKM Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $116 to quote $195, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, MARY PORTER GALE, Director bought 20,000 shares of the company’s stock on Feb 21 ’25. The stock was bought for $3,394,228 at an average price of $169.71. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 18 ’25, Chief Operating Officer Wong Jennifer L. sold 33,333 shares of the business’s stock. A total of $6,257,428 was realized by selling the stock at an average price of $187.72. This leaves the insider owning 1,504,297 shares of the company worth $250.32 million. A total of 40.60% of the company’s stock is owned by insiders.
During the past 12 months, Reddit Inc has had a low of $37.35 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 12.63, and a quick ratio of 12.63.
The net profit margin was -37.25% and return on equity was -27.12% for RDDT. The company reported revenue of $427.71 million for the quarter, compared to $249.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 71.25 percent.
