Draganfly Target of Unusually Large Options Trading (NASDAQ:DPRO)

Draganfly Inc. (NASDAQ:DPRO) was the target of some unusual options trading activity on Thursday. Investors purchased 12,055 call options on the stock. This represents an increase of approximately 375% compared to the average volume of 2,539 call options.

Draganfly Price Performance

NASDAQ:DPRO opened at $7.79 on Friday. The firm has a market capitalization of $267.79 million, a price-to-earnings ratio of -7.95 and a beta of 2.58. The company’s 50-day moving average is $5.64 and its two-hundred day moving average is $6.89. Draganfly has a 1-year low of $1.69 and a 1-year high of $14.40.

Draganfly (NASDAQ:DPRO) last posted its earnings results on Monday, May 11th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The firm had revenue of $1.66 million during the quarter, compared to analyst estimates of $1.78 million. Draganfly had a negative net margin of 292.88% and a negative return on equity of 27.88%. As a group, equities analysts anticipate that Draganfly will post -0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Draganfly

Several institutional investors and hedge funds have recently bought and sold shares of DPRO. XTX Topco Ltd acquired a new position in Draganfly in the 2nd quarter valued at about $65,000. Jane Street Group LLC acquired a new position in Draganfly in the 2nd quarter valued at about $35,000. SG Americas Securities LLC acquired a new position in Draganfly in the 3rd quarter valued at about $89,000. Jones Financial Companies Lllp boosted its holdings in Draganfly by 224.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,399 shares of the company’s stock valued at $28,000 after purchasing an additional 2,351 shares during the last quarter. Finally, Verus Capital Partners LLC acquired a new position in Draganfly in the 3rd quarter valued at about $111,000. 10.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on DPRO shares. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Draganfly in a research report on Monday, March 30th. Northland Securities set a $13.00 target price on shares of Draganfly in a research report on Tuesday, May 12th. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 target price on shares of Draganfly in a research report on Tuesday, May 19th. Finally, LADENBURG THALM/SH SH upgraded shares of Draganfly to a “strong-buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Draganfly presently has a consensus rating of “Strong Buy” and a consensus price target of $14.50.

About Draganfly

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.