Draganfly (NASDAQ:DPRO) Earns Buy Rating from HC Wainwright

Draganfly (NASDAQ:DPRO)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They presently have a $14.00 price objective on the stock. HC Wainwright’s price target indicates a potential upside of 185.13% from the company’s current price.

A number of other equities research analysts also recently issued reports on DPRO. Needham & Company LLC lowered their price target on Draganfly from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a research note on Thursday, December 18th. Wall Street Zen cut Draganfly from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Finally, Northland Securities set a $20.00 target price on shares of Draganfly in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average target price of $16.25.

Draganfly Stock Up 11.1%

Shares of DPRO opened at $4.91 on Monday. Draganfly has a fifty-two week low of $1.63 and a fifty-two week high of $14.40. The company’s fifty day moving average is $7.00 and its two-hundred day moving average is $7.78. The firm has a market cap of $168.79 million, a PE ratio of -3.78 and a beta of 2.66.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings data on Tuesday, March 24th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). The firm had revenue of $1.37 million for the quarter, compared to analyst estimates of $2.78 million. Draganfly had a negative return on equity of 45.65% and a negative net margin of 294.03%. As a group, equities research analysts anticipate that Draganfly will post -3.56 earnings per share for the current year.

Institutional Trading of Draganfly

Large investors have recently added to or reduced their stakes in the stock. DNB Asset Management AS lifted its stake in shares of Draganfly by 151.5% during the third quarter. DNB Asset Management AS now owns 269,591 shares of the company’s stock worth $2,194,000 after purchasing an additional 162,408 shares in the last quarter. Kieckhefer Group LLC grew its stake in shares of Draganfly by 57.3% in the third quarter. Kieckhefer Group LLC now owns 315,657 shares of the company’s stock valued at $2,569,000 after buying an additional 115,000 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Draganfly during the 2nd quarter valued at about $35,000. World Investment Advisors acquired a new position in Draganfly during the 4th quarter worth approximately $285,000. Finally, Purpose Unlimited Inc. acquired a new position in Draganfly during the 4th quarter worth approximately $43,000. 10.39% of the stock is currently owned by institutional investors and hedge funds.

Draganfly Company Profile

Draganfly Inc (NASDAQ: DPRO) is a Canada-based developer and manufacturer of unmanned aerial systems (UAS) and related software solutions for commercial, government and academic applications. Headquartered in Saskatoon, Saskatchewan, the company specializes in designing lightweight, modular drones that integrate advanced sensor payloads—including high-resolution imaging, multispectral and thermal cameras—to gather aerial data across a range of industries.

The company’s core offerings include turnkey UAS platforms, data-capture payloads and proprietary analytics software that enable clients to perform precision agriculture monitoring, land surveying, infrastructure inspection and environmental assessment.