Draganfly (NASDAQ:DPRO) Now Covered by Analysts at HC Wainwright

HC Wainwright assumed coverage on shares of Draganfly (NASDAQ:DPRO) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $14.00 target price on the stock.

Several other equities analysts also recently commented on DPRO. Northland Securities set a $13.00 target price on Draganfly in a research report on Tuesday, May 12th. Needham & Company LLC restated a “buy” rating and set a $12.00 price objective on shares of Draganfly in a research report on Tuesday, May 19th. Finally, LADENBURG THALM/SH SH upgraded Draganfly to a “strong-buy” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, Draganfly has a consensus rating of “Strong Buy” and an average target price of $14.50.

Draganfly Trading Down 4.1%

Draganfly stock opened at $7.47 on Friday. The company has a market capitalization of $256.79 million, a PE ratio of -7.62 and a beta of 2.58. Draganfly has a 12 month low of $1.69 and a 12 month high of $14.40. The stock has a 50-day moving average price of $5.66 and a two-hundred day moving average price of $6.90.

Draganfly (NASDAQ:DPRO) last posted its earnings results on Monday, May 11th. The company reported ($0.12) EPS 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 the consensus estimate 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, analysts predict that Draganfly will post -0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Draganfly

A number of hedge funds have recently added to or reduced their stakes in the business. DNB Asset Management AS grew its stake in Draganfly by 151.5% in the third quarter. DNB Asset Management AS now owns 269,591 shares of the company’s stock valued at $2,194,000 after acquiring an additional 162,408 shares during the period. Verus Capital Partners LLC purchased a new position in shares of Draganfly during the third quarter valued at approximately $111,000. Jones Financial Companies Lllp boosted its position in shares of Draganfly by 224.3% during the third quarter. Jones Financial Companies Lllp now owns 3,399 shares of the company’s stock valued at $28,000 after buying an additional 2,351 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Draganfly during the third quarter valued at approximately $89,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Draganfly during the third quarter valued at approximately $84,000. 10.39% of the stock is currently owned by institutional investors.

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.