Draganfly (NASDAQ:DPRO) Given Buy Rating at HC Wainwright

Draganfly (NASDAQ:DPRO)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports. They presently have a $14.00 price objective on the stock. HC Wainwright’s target price would indicate a potential upside of 79.72% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a research note on Wednesday, May 6th. Northland Securities set a $13.00 target price on Draganfly in a research note on Tuesday, May 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $12.00 target price 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 stock. According to data from MarketBeat, Draganfly has a consensus rating of “Strong Buy” and an average target price of $14.50.

Draganfly Trading Up 16.8%

NASDAQ DPRO opened at $7.79 on Friday. The stock has a 50-day simple moving average of $5.64 and a 200 day simple moving average of $6.89. The company has a market capitalization of $267.79 million, a PE ratio of -7.95 and a beta of 2.58. Draganfly has a 12 month low of $1.69 and a 12 month high of $14.40.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Draganfly had a negative net margin of 292.88% and a negative return on equity of 27.88%. The company had revenue of $1.66 million during the quarter, compared to the consensus estimate of $1.78 million. As a group, sell-side analysts predict that Draganfly will post -0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DPRO. DNB Asset Management AS grew its holdings in shares of Draganfly by 151.5% during the third quarter. DNB Asset Management AS now owns 269,591 shares of the company’s stock worth $2,194,000 after buying an additional 162,408 shares in the last quarter. Concentric Capital Strategies LP acquired a new stake in Draganfly in the 4th quarter valued at approximately $1,569,000. Vident Advisory LLC bought a new stake in Draganfly in the 4th quarter valued at approximately $813,000. Virtu Financial LLC bought a new stake in Draganfly in the 3rd quarter valued at approximately $894,000. Finally, Marshall Wace LLP bought a new stake in Draganfly in the 4th quarter valued at approximately $751,000. 10.39% of the stock is 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.