Draganfly’s (DPRO) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Draganfly (NASDAQ:DPRO) in a research note released on Monday,Benzinga reports. HC Wainwright currently has a $14.00 price objective on the stock.

Other equities analysts have also issued research reports about the stock. LADENBURG THALM/SH SH upgraded shares of Draganfly to a “strong-buy” rating in a research report on Thursday, December 18th. Wall Street Zen downgraded shares of Draganfly from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Northland Securities set a $20.00 target price on shares of Draganfly in a research report on Thursday, January 15th. Finally, Needham & Company LLC lowered their price target on shares of Draganfly from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Draganfly presently has an average rating of “Strong Buy” and an average target price of $16.25.

Draganfly Price Performance

Shares of DPRO opened at $4.42 on Monday. The stock has a market capitalization of $151.94 million, a price-to-earnings ratio of -3.40 and a beta of 2.66. Draganfly has a 1 year low of $1.63 and a 1 year high of $14.40. The business’s 50 day simple moving average is $7.09 and its 200-day simple moving average is $7.78.

Draganfly (NASDAQ:DPRO) last posted its earnings results 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 net margin of 294.03% and a negative return on equity of 45.65%. The business had revenue of $1.37 million during the quarter, compared to analysts’ expectations of $2.78 million. On average, sell-side analysts expect that Draganfly will post -3.56 earnings per share for the current year.

Institutional Investors Weigh In On Draganfly

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of Draganfly by 224.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,399 shares of the company’s stock worth $28,000 after purchasing an additional 2,351 shares during the period. IFP Advisors Inc purchased a new stake in Draganfly in the 3rd quarter worth about $39,000. Purpose Unlimited Inc. purchased a new stake in Draganfly in the 4th quarter worth about $43,000. Royal Bank of Canada raised its position in Draganfly by 478.4% in the 4th quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock worth $60,000 after purchasing an additional 7,152 shares during the period. Finally, CWM LLC bought a new stake in Draganfly in the third quarter worth about $61,000. Hedge funds and other institutional investors own 10.39% of the company’s stock.

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.