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

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

Analysts Set New Price Targets

Several brokerages recently weighed in on RPI. Deutsche Bank Aktiengesellschaft increased their price objective on Raspberry Pi from GBX 550 to GBX 650 and gave the stock a “hold” rating in a research report on Tuesday, June 16th. Jefferies Financial Group lifted their target price on Raspberry Pi from GBX 420 to GBX 960 and gave the company a “buy” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 805.

Raspberry Pi Trading Down 3.8%

The company has a market capitalization of £1.41 billion, a PE ratio of 66.14 and a beta of 0.52. The business has a fifty day moving average of GBX 806.28 and a 200 day moving average of GBX 531.42.

Insider Activity

In other news, insider Eben Upton CBE sold 190,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were 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 Raspberry Pi stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 701, for a total transaction of £1,051,500. 1.55% of the stock is currently owned by corporate insiders.

Raspberry Pi Company Profile

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.