Draganfly (NASDAQ:DPRO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Draganfly (NASDAQ:DPRO) from a sell rating to a hold rating in a research report report published on Friday.

Separately, HC Wainwright set a $9.00 price target on Draganfly and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $9.00.

Draganfly Trading Up 1.6%

Shares of NASDAQ:DPRO opened at $10.29 on Friday. The company’s 50-day moving average price is $5.38 and its two-hundred day moving average price is $3.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.29 and a quick ratio of 4.80. Draganfly has a one year low of $1.63 and a one year high of $12.12. The stock has a market capitalization of $55.85 million, a PE ratio of -6.02 and a beta of 2.58.

Draganfly (NASDAQ:DPRO) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.02. The company had revenue of $1.55 million during the quarter, compared to analysts’ expectations of $2.24 million. Draganfly had a negative return on equity of 197.71% and a negative net margin of 181.76%. On average, equities analysts forecast that Draganfly will post -3.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Draganfly

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Draganfly in the second quarter valued at about $35,000. XTX Topco Ltd acquired a new stake in Draganfly in the 2nd quarter worth about $65,000. DNB Asset Management AS bought a new position in shares of Draganfly during the second quarter worth approximately $340,000. Finally, Kieckhefer Group LLC increased its holdings in shares of Draganfly by 69.1% during the second quarter. Kieckhefer Group LLC now owns 200,657 shares of the company’s stock worth $636,000 after purchasing an additional 82,000 shares during the period. Institutional investors and hedge funds own 10.39% of the company’s stock.

Draganfly Company Profile

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quadcopters, fixed-wing aircraft, ground-based robots, handheld controllers, and flight training, as well as software used for tracking, live streaming, and data collection.