Draganfly (NASDAQ:DPRO – Get Free Report)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $14.00 price target on the stock. HC Wainwright’s price objective would suggest a potential upside of 79.72% from the company’s current price.
Several other brokerages have also recently commented on DPRO. Northland Securities set a $13.00 price target on Draganfly in a research report on Tuesday, May 12th. Needham & Company LLC restated a “buy” rating and issued a $12.00 price target on shares of Draganfly in a research note on Tuesday, May 19th. Finally, LADENBURG THALM/SH SH upgraded Draganfly to a “strong-buy” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average price target of $14.50.
Get Our Latest Stock Analysis on Draganfly
Draganfly Stock Performance
Draganfly (NASDAQ:DPRO – Get Free Report) 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 firm had revenue of $1.66 million during the quarter, compared to the consensus estimate of $1.78 million. Draganfly had a negative net margin of 292.88% and a negative return on equity of 27.88%. On average, equities research analysts forecast that Draganfly will post -0.42 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its stake in shares of Draganfly by 224.3% during 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 during the period. IFP Advisors Inc bought a new position in shares of Draganfly during the 3rd quarter worth approximately $39,000. Purpose Unlimited Inc. bought a new position in shares of Draganfly during the 4th quarter worth approximately $43,000. Royal Bank of Canada boosted its stake in shares of Draganfly by 478.4% during the 4th quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock worth $60,000 after acquiring an additional 7,152 shares during the period. Finally, Wexford Capital LP bought a new position in shares of Draganfly during the 3rd quarter worth approximately $67,000. 10.39% of the stock is currently owned by 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.
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