Investors Buy Large Volume of Draganfly Call Options (NASDAQ:DPRO)

Draganfly Inc. (NASDAQ:DPRO) saw some unusual options trading on Thursday. Stock investors acquired 12,055 call options on the stock. This is an increase of approximately 375% compared to the average daily volume of 2,539 call options.

Draganfly Trading Up 18.6%

NASDAQ DPRO traded up $1.24 during trading hours on Thursday, hitting $7.91. 4,413,664 shares of the company’s stock were exchanged, compared to its average volume of 1,999,004. The stock has a 50-day simple moving average of $5.62 and a 200 day simple moving average of $6.90. Draganfly has a 1-year low of $1.69 and a 1-year high of $14.40. The firm has a market cap of $271.95 million, a price-to-earnings ratio of -8.13 and a beta of 2.58.

Draganfly (NASDAQ:DPRO) last released its earnings results on Monday, May 11th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The business had revenue of $1.66 million for the quarter, compared to analyst estimates of $1.78 million. Draganfly had a negative return on equity of 27.88% and a negative net margin of 292.88%. On average, sell-side analysts anticipate that Draganfly will post -0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DPRO. HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of Draganfly in a research note on Monday, March 30th. Northland Securities set a $13.00 price target on Draganfly in a research note on Tuesday, May 12th. LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $12.00 price target on shares of Draganfly in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of $14.50.

Institutional Investors Weigh In On Draganfly

A number of large investors have recently bought and sold shares of DPRO. DNB Asset Management AS grew its stake in Draganfly by 151.5% in the third quarter. DNB Asset Management AS now owns 269,591 shares of the company’s stock valued at $2,194,000 after acquiring an additional 162,408 shares during the period. Verus Capital Partners LLC acquired a new stake in Draganfly in the third quarter valued at approximately $111,000. Jones Financial Companies Lllp grew its stake in Draganfly by 224.3% in the third 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. SG Americas Securities LLC acquired a new stake in Draganfly in the third quarter valued at approximately $89,000. Finally, Purpose Unlimited Inc. acquired a new stake in Draganfly in the fourth quarter valued at approximately $43,000. 10.39% of the stock is currently owned by institutional investors and hedge funds.

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.