Raspberry Pi (LON:RPI) Trading Up 21.8% – Should You Buy?

Raspberry Pi Holdings (LON:RPI)’s stock price shot up 21.8% during trading on Tuesday . The stock traded as high as GBX 359.80 and last traded at GBX 353.31. 1,737,134 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 1,527,723 shares. The stock had previously closed at GBX 290.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Raspberry Pi from GBX 380 to GBX 300 and set a “hold” rating for the company in a report on Friday, January 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Raspberry Pi presently has an average rating of “Hold” and a consensus price target of GBX 300.

Raspberry Pi Price Performance

The firm has a market cap of £676.10 million, a price-to-earnings ratio of 76.12 and a beta of 1.90. The firm has a fifty day simple moving average of GBX 308.71 and a two-hundred day simple moving average of GBX 341.75.

Insiders Place Their Bets

In other news, insider Eben Upton CBE bought 21,927 shares of the stock in a transaction dated Tuesday, January 13th. The shares were acquired at an average cost of GBX 271 per share, with a total value of £59,422.17. Insiders have acquired a total of 71,927 shares of company stock valued at $19,231,838 over the last three months. 1.73% of the stock is currently owned by 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.