Draganfly Inc. (NASDAQ:DPRO) Position Cut by Integrated Advisors Network LLC

Integrated Advisors Network LLC trimmed its holdings in Draganfly Inc. (NASDAQ:DPRO) by 66.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the company’s stock after selling 20,000 shares during the quarter. Integrated Advisors Network LLC owned about 0.51% of Draganfly worth $27,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC bought a new position in Draganfly in the 4th quarter worth approximately $51,000. 10.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DPRO has been the subject of a number of recent analyst reports. HC Wainwright decreased their price objective on Draganfly from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, May 9th. Wall Street Zen lowered Draganfly from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

Draganfly Stock Performance

DPRO opened at $2.42 on Monday. The company has a market capitalization of $13.14 million, a price-to-earnings ratio of -0.60 and a beta of 2.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.54. Draganfly Inc. has a 1-year low of $1.55 and a 1-year high of $6.09. The business has a 50 day moving average price of $2.26 and a two-hundred day moving average price of $2.94.

Draganfly (NASDAQ:DPRO) last released its earnings results on Thursday, May 8th. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.04. The firm had revenue of $1.08 million during the quarter, compared to the consensus estimate of $2.06 million. Draganfly had a negative return on equity of 1,487.09% and a negative net margin of 227.25%. Research analysts predict that Draganfly Inc. will post -3.56 EPS for the current fiscal year.

Draganfly Company Profile

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.