Reddit Inc (NYSE:RDDT) shares traded -0.34% lower at $144.31 on Wall Street last session.
RDDT stock price is now 15.35% away from the 50-day moving average and 8.16% away from the 200-day moving average. The market capitalization of the company currently stands at $26.63B.
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, Huffman Steve Ladd, CEO & President sold 14,000 shares of the company’s stock on Jun 30 ’25. The stock was sold for $2,118,943 at an average price of $151.35. Upon completion of the transaction, the CEO & President now directly owns 539,631 shares in the company, valued at $77.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 25 ’25, Chief Accounting Officer Reynolds Michelle Marie sold 3,500 shares of the business’s stock. A total of $527,240 was realized by selling the stock at an average price of $150.64. This leaves the insider owning 37,868 shares of the company worth $5.46 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 $123.9744 and a two-hundred day moving average price translates $132.6495 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. For the current quarter, analysts expect RDDT to generate $424.66M in revenue.
