A share price of Reddit Inc [RDDT] is currently trading at $159.17, down -2.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RDDT shares have lost -0.51% over the last week, with a monthly amount drifted -20.24%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, ROTH MKM downgraded its rating to Neutral on January 22, 2025, and elevated its price target to $195. On December 20, 2024, Guggenheim initiated with a Buy rating and assigned a price target of $210 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $206 on December 11, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $200 on December 09, 2024. Jefferies started tracking with a Buy rating for this stock on October 09, 2024, and assigned it a price target of $90. In a note dated September 20, 2024, B. Riley Securities initiated an Buy rating and provided a target price of $75 on this stock.
Reddit Inc experienced fluctuations in its stock price throughout the past year between $37.35 and $230.41. Currently, Wall Street analysts expect the stock to reach $139.1 within the next 12 months. Reddit Inc [NYSE: RDDT] shares were valued at $159.17 at the most recent close of the market. An investor can expect a potential drop of -12.61% based on the average RDDT price forecast.
Analyzing the RDDT fundamentals
Trailing Twelve Months sales for Reddit Inc [NYSE:RDDT] were 1.30B which represents 71.25% growth. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -0.43%, Pretax Profit Margin comes in at -0.37%, and Net Profit Margin reading is -0.37%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.25 and Total Capital is -0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 150.07 points at the first support level, and at 140.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 166.46, and for the 2nd resistance point, it is at 173.75.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Reddit Inc [NYSE:RDDT] is 12.63. In addition, the Quick Ratio stands at 12.63 and the Cash Ratio stands at 3.19. Considering the valuation of this stock, the price to sales ratio is 22.14, the price to book ratio is 13.47.
Transactions by insiders
Recent insider trading involved Huffman Steve Ladd, CEO & President, that happened on Feb 28 ’25 when 14000.0 shares were sold. Officer, MICHELLE REYNOLDS completed a deal on Mar 04 ’25 to buy 11965.0 shares. Meanwhile, Officer BENJAMIN LEE bought 92299.0 shares on Mar 04 ’25.
