Needham & Company LLC Lowers Draganfly (NASDAQ:DPRO) Price Target to $12.00

Draganfly (NASDAQ:DPRO) had its price objective cut by analysts at Needham & Company LLC from $14.00 to $12.00 in a report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 154.24% from the stock’s current price.

Other analysts have also issued reports about the company. Wall Street Zen lowered Draganfly from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. LADENBURG THALM/SH SH upgraded shares of Draganfly to a “strong-buy” rating in a report on Thursday, December 18th. 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 given a Buy rating to the stock. According to MarketBeat, Draganfly currently has a consensus rating of “Strong Buy” and a consensus price target of $16.25.

Draganfly Stock Performance

Shares of DPRO opened at $4.72 on Wednesday. Draganfly has a 52 week low of $1.63 and a 52 week high of $14.40. The stock has a market capitalization of $162.25 million, a price-to-earnings ratio of -3.63 and a beta of 2.66. The stock has a fifty day moving average of $7.30 and a 200-day moving average of $7.74.

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

Institutional Investors Weigh In On Draganfly

A number of institutional investors have recently made changes to their positions in DPRO. Jones Financial Companies Lllp raised 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 worth $28,000 after acquiring an additional 2,351 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Draganfly in the second quarter worth approximately $35,000. IFP Advisors Inc bought a new stake in Draganfly in the third quarter valued at approximately $39,000. Purpose Unlimited Inc. bought a new stake in Draganfly in the fourth quarter valued at approximately $43,000. Finally, Royal Bank of Canada increased its position in Draganfly by 478.4% during the 4th quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock valued at $60,000 after purchasing an additional 7,152 shares during the period. Institutional investors own 10.39% of the company’s stock.

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.