Draganfly (NASDAQ:DPRO) Trading 1.6% Higher – Here’s What Happened

Shares of Draganfly Inc. (NASDAQ:DPRO) rose 1.6% during mid-day trading on Tuesday . The company traded as high as $6.69 and last traded at $6.42. Approximately 1,574,320 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 2,290,211 shares. The stock had previously closed at $6.32.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen cut Draganfly from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Northland Securities set a $20.00 price objective on Draganfly in a research note on Thursday, January 15th. Needham & Company LLC cut their price objective on Draganfly from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Finally, LADENBURG THALM/SH SH upgraded Draganfly to a “strong-buy” rating in a research note on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of $16.75.

Draganfly Trading Up 0.2%

The firm has a market cap of $35.89 million, a price-to-earnings ratio of -3.57 and a beta of 2.66. The stock’s 50 day moving average is $7.89 and its 200 day moving average is $7.65.

Hedge Funds Weigh In On Draganfly

A number of large investors have recently made changes to their positions in the company. DNB Asset Management AS boosted its stake in Draganfly by 151.5% in the 3rd quarter. DNB Asset Management AS now owns 269,591 shares of the company’s stock valued at $2,194,000 after purchasing an additional 162,408 shares during the period. Kieckhefer Group LLC grew its holdings in Draganfly by 57.3% in the 3rd quarter. Kieckhefer Group LLC now owns 315,657 shares of the company’s stock valued at $2,569,000 after buying an additional 115,000 shares in the last quarter. IFP Advisors Inc bought a new position in Draganfly during the 3rd quarter worth $39,000. Jane Street Group LLC acquired a new stake in shares of Draganfly during the second quarter worth $35,000. Finally, World Investment Advisors acquired a new stake in shares of Draganfly during the fourth quarter worth $285,000. Institutional investors own 10.39% of the company’s stock.

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.