Draganfly’s (DPRO) Buy Rating Reiterated at Needham & Company LLC

Draganfly (NASDAQ:DPRO)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $12.00 price target on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 127.70% from the company’s current price.

Other equities research analysts also recently issued reports about the company. HC Wainwright reiterated a “buy” rating and issued a $14.00 price objective on shares of Draganfly in a report on Monday, March 30th. LADENBURG THALM/SH SH raised shares of Draganfly to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Northland Securities set a $13.00 price target on shares of Draganfly in a research note on Tuesday, May 12th. Two equities research 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.com, Draganfly presently has an average rating of “Strong Buy” and an average price target of $14.50.

Draganfly Price Performance

Shares of NASDAQ DPRO opened at $5.27 on Tuesday. Draganfly has a 1 year low of $1.63 and a 1 year high of $14.40. The stock has a market capitalization of $181.16 million, a P/E ratio of -5.38 and a beta of 2.58. The company’s 50-day moving average is $5.67 and its 200 day moving average is $7.05.

Draganfly (NASDAQ:DPRO) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The business had revenue of $1.66 million during the quarter, compared to analysts’ expectations of $1.78 million. Draganfly had a negative return on equity of 27.88% and a negative net margin of 292.88%. Research analysts anticipate that Draganfly will post -0.43 earnings per share for the current year.

Institutional Trading of Draganfly

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its holdings in Draganfly by 224.3% in the 3rd 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 in the last quarter. Jane Street Group LLC purchased a new position in Draganfly during the second quarter valued at approximately $35,000. IFP Advisors Inc bought a new position in shares of Draganfly in the third quarter worth approximately $39,000. Purpose Unlimited Inc. bought a new position in shares of Draganfly in the fourth quarter worth approximately $43,000. Finally, Royal Bank of Canada increased its stake in shares of Draganfly by 478.4% in the fourth 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 in the last quarter. 10.39% of the stock is owned by hedge funds and other 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.