Draganfly (NASDAQ:DPRO) Shares Up 1.9% – Still a Buy?

Draganfly Inc. (NASDAQ:DPRO) traded up 1.9% on Monday . The company traded as high as $4.27 and last traded at $4.22. 480,990 shares were traded during mid-day trading, a decline of 37% from the average session volume of 757,936 shares. The stock had previously closed at $4.14.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. LADENBURG THALM/SH SH upgraded Draganfly to a “strong-buy” rating in a research report on Wednesday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $12.00 price objective on shares of Draganfly in a research report on Tuesday, May 19th. Northland Securities set a $13.00 target price on Draganfly in a research note on Tuesday, May 12th. Finally, HC Wainwright began coverage on Draganfly in a research report on Friday, May 29th. They set a “buy” rating and a $14.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of $14.50.

Draganfly Trading Down 0.9%

The business has a fifty day simple moving average of $5.33 and a two-hundred day simple moving average of $6.11. The company has a market cap of $149.88 million, a PE ratio of -4.45 and a beta of 2.73.

Draganfly (NASDAQ:DPRO) last released its earnings results on Monday, May 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). The business had revenue of $1.66 million for the quarter, compared to analysts’ expectations of $1.77 million. Draganfly had a negative return on equity of 27.88% and a negative net margin of 292.88%. Equities analysts expect that Draganfly Inc. will post -0.52 EPS for the current year.

Hedge Funds Weigh In On Draganfly

Several institutional investors and hedge funds have recently bought and sold shares of DPRO. GK Wealth Management LLC acquired a new position in Draganfly in the second quarter valued at about $55,000. World Investment Advisors lifted its stake in Draganfly by 33.3% during the first quarter. World Investment Advisors now owns 55,067 shares of the company’s stock worth $270,000 after purchasing an additional 13,753 shares during the last quarter. Purpose Unlimited Inc. purchased a new stake in Draganfly in the fourth quarter valued at $43,000. Vident Advisory LLC acquired a new stake in shares of Draganfly in the 4th quarter valued at about $813,000. Finally, XTX Topco Ltd acquired a new stake in shares of Draganfly in the fourth quarter valued at approximately $108,000. 10.39% of the stock is currently owned by institutional investors and hedge funds.

About Draganfly

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.