Draganfly (NASDAQ:DPRO) Upgraded at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Draganfly (NASDAQ:DPRO) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

Several other analysts have also issued reports on the company. Needham & Company LLC dropped their target price on Draganfly from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Wall Street Zen lowered Draganfly from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Finally, HC Wainwright set a $14.00 price objective on Draganfly and gave the stock a “buy” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $15.67.

Draganfly Trading Up 21.8%

Shares of DPRO opened at $7.53 on Thursday. Draganfly has a 12 month low of $1.63 and a 12 month high of $14.40. The firm has a fifty day simple moving average of $8.18 and a 200 day simple moving average of $6.10. The stock has a market capitalization of $40.89 million, a price-to-earnings ratio of -4.07 and a beta of 2.64.

Draganfly (NASDAQ:DPRO) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.01. Draganfly had a negative net margin of 243.20% and a negative return on equity of 71.81%. The firm had revenue of $1.57 million for the quarter, compared to analyst estimates of $2.34 million. As a group, research analysts predict that Draganfly will post -3.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DPRO. Jones Financial Companies Lllp raised its stake 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 acquiring an additional 2,351 shares during the period. IFP Advisors Inc bought a new position in Draganfly during the third quarter worth $39,000. CWM LLC acquired a new position in shares of Draganfly in the third quarter valued at $61,000. Wexford Capital LP bought a new position in shares of Draganfly in the third quarter valued at about $67,000. Finally, Gordian Capital Singapore Pte Ltd bought a new position in shares of Draganfly in the third quarter valued at about $77,000. 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.