In Tuesday’s Wall Street session, Reddit Inc (NYSE:RDDT) shares traded at $110.10, down -12.31% from the previous session.
RDDT stock price is now -36.89% away from the 50-day moving average and 0.06% away from the 200-day moving average. The market capitalization of the company currently stands at $19.92B.
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With the price target of $75, Redburn Atlantic recently initiated with Sell rating for Reddit Inc (NYSE: RDDT). , while ‘ROTH MKM’ rates the stock as ‘Neutral’
In other news, Huffman Steve Ladd, CEO & President sold 124,408 shares of the company’s stock on Mar 14 ’25. The stock was sold for $15,844,168 at an average price of $127.36. Upon completion of the transaction, the CEO & President now directly owns 583,515 shares in the company, valued at $64.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’25, Director Habiger David C bought 780 shares of the business’s stock. A total of $98,335 was incurred on buying the stock at an average price of $126.07. This leaves the insider owning 31,588 shares of the company worth $3.48 million. A total of 39.15% 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 fifty day moving average price for RDDT is $174.4662 and a two-hundred day moving average price translates $110.03585 for the stock.
The latest earnings results from Reddit Inc (NYSE: RDDT) was released for 2024-12-31. 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.
