Draganfly (NASDAQ:DPRO – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports. They presently have a $12.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 127.70% from the stock’s current price.
Other equities research analysts have also issued reports about 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 price target on Draganfly in a report on Tuesday, May 12th. Finally, HC Wainwright restated a “buy” rating and issued a $14.00 price target on shares of Draganfly in a research report on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, Draganfly currently has a consensus rating of “Strong Buy” and an average price target of $14.50.
View Our Latest Report on DPRO
Draganfly Stock Performance
Draganfly (NASDAQ:DPRO – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). The firm 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%. On average, research analysts predict that Draganfly will post -0.43 EPS for the current fiscal year.
Institutional Trading of Draganfly
A number of hedge funds and other institutional investors have recently bought and sold shares of DPRO. DNB Asset Management AS lifted its position 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 purchasing an additional 162,408 shares during the last quarter. Verus Capital Partners LLC purchased a new stake in shares of Draganfly during the third quarter valued at $111,000. Jones Financial Companies Lllp grew its holdings in shares of Draganfly by 224.3% in the third 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 last quarter. SG Americas Securities LLC purchased a new position in Draganfly in the 3rd quarter worth about $89,000. Finally, CWM LLC purchased a new position in Draganfly in the 3rd 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.
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