Draganfly (NASDAQ:DPRO) Rating Increased to Strong-Buy at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Draganfly (NASDAQ:DPRO) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

A number of other brokerages also recently commented on DPRO. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price target on shares of Draganfly in a report on Monday, March 30th. Northland Securities set a $20.00 price target on shares of Draganfly in a report on Thursday, January 15th. Finally, Needham & Company LLC lowered their price target on shares of Draganfly from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Two investment 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, the company currently has a consensus rating of “Strong Buy” and a consensus target price of $16.25.

Draganfly Stock Up 6.1%

DPRO opened at $5.42 on Wednesday. The firm has a 50-day simple moving average of $5.95 and a two-hundred day simple moving average of $7.25. Draganfly has a 52 week low of $1.63 and a 52 week high of $14.40. The company has a market capitalization of $186.32 million, a PE ratio of -4.17 and a beta of 2.58.

Draganfly (NASDAQ:DPRO) last announced its quarterly earnings results on Tuesday, March 24th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). Draganfly had a negative net margin of 294.03% and a negative return on equity of 45.65%. The business had revenue of $1.37 million during the quarter, compared to the consensus estimate of $2.78 million. As a group, sell-side analysts expect that Draganfly will post -0.42 earnings per share for the current year.

Institutional Trading of Draganfly

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPRO. XTX Topco Ltd purchased a new stake in Draganfly in the 2nd quarter worth about $65,000. Jane Street Group LLC purchased a new stake in Draganfly in the 2nd quarter worth about $35,000. CWM LLC purchased a new stake in Draganfly in the 3rd quarter worth about $61,000. SG Americas Securities LLC purchased a new stake in Draganfly in the 3rd quarter worth about $89,000. Finally, Jones Financial Companies Lllp raised its position in Draganfly by 224.3% in the 3rd 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 period. 10.39% of the stock is owned by hedge funds and other 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.