The stock of Reddit Inc (NYSE:RDDT) last traded at $216.51, down -2.10% from the previous session.
RDDT stock price is now 25.71% away from the 50-day moving average and 128.25% away from the 200-day moving average. The market capitalization of the company currently stands at $38.01B.
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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, Huffman Steve Ladd, CEO & President sold 14,000 shares of the company’s stock on Jan 31 ’25. The stock was sold for $2,827,506 at an average price of $201.96. Upon completion of the transaction, the CEO & President now directly owns 614,394 shares in the company, valued at $133.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 22 ’25, Chief Technology Officer Slowe Christopher Brian sold 11,000 shares of the business’s stock. A total of $2,025,259 was realized by selling the stock at an average price of $184.11. This leaves the insider owning 311,381 shares of the company worth $67.42 million. A total of 40.89% 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 $221.18. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 11.96, and a quick ratio of 11.96. The fifty day moving average price for RDDT is $171.062 and a two-hundred day moving average price translates $93.9769 for the stock.
The latest earnings results from Reddit Inc (NYSE: RDDT) was released for 2024-09-30. The net profit margin was -47.83% and return on equity was -31.80% for RDDT. The company reported revenue of $348.35 million for the quarter, compared to $207.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 67.87 percent. For the current quarter, analysts expect RDDT to generate $405.06M in revenue.
