Raspberry Pi (LON:RPI) Shares Down 3.8% – Should You Sell?

Raspberry Pi Holdings (LON:RPIGet Free Report) was down 3.8% during mid-day trading on Thursday . The stock traded as low as GBX 716 and last traded at GBX 727.50. 547,149 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 2,575,347 shares. The stock had previously closed at GBX 756.50.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RPI. Jefferies Financial Group boosted their target price on Raspberry Pi from GBX 420 to GBX 960 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft increased their price target on Raspberry Pi from GBX 550 to GBX 650 and gave the company a “hold” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 805.

Check Out Our Latest Report on RPI

Raspberry Pi Price Performance

The business’s 50 day moving average is GBX 806.28 and its 200 day moving average is GBX 531.42. The stock has a market cap of £1.41 billion, a price-to-earnings ratio of 66.14 and a beta of 0.52.

Insider Transactions at Raspberry Pi

In other news, insider Eben Upton CBE sold 190,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of GBX 967, for a total value of £1,837,300. Also, insider Richard David Boult sold 150,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of GBX 701, for a total value of £1,051,500. 1.55% of the stock is owned by insiders.

About Raspberry Pi

(Get Free Report)

Our mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of engineers and enthusiasts all over the world.

Since 2012, we’ve been designing single-board and modular computers, built on the Arm architecture, and running the Linux operating system. Whether you’re an educator looking to excite the next generation of computer scientists; an enthusiast searching for inspiration for your next project; or an OEM who needs a proven rock-solid foundation for your next generation of smart products, there’s a Raspberry Pi computer for you.

That’s not all we do.

Further Reading

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