Draganfly (NASDAQ:DPRO) Upgraded by LADENBURG THALM/SH SH to “Strong-Buy” Rating

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

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Draganfly from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Needham & Company LLC lowered their price objective on shares of Draganfly from $20.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Finally, HC Wainwright set a $14.00 target price on shares of Draganfly and gave the company a “buy” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, Draganfly has an average rating of “Buy” and an average target price of $15.67.

Draganfly Stock Up 21.8%

Shares of NASDAQ DPRO opened at $7.53 on Thursday. The company has a market capitalization of $40.89 million, a PE ratio of -4.07 and a beta of 2.64. The stock’s 50 day moving average price is $8.18 and its 200-day moving average price is $6.07. Draganfly has a twelve month low of $1.63 and a twelve month high of $14.40.

Draganfly (NASDAQ:DPRO) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. Draganfly had a negative return on equity of 71.81% and a negative net margin of 243.20%.The company had revenue of $1.57 million during the quarter, compared to the consensus estimate of $2.34 million. As a group, research analysts expect that Draganfly will post -3.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Draganfly

Large investors have recently modified their holdings of the business. IFP Advisors Inc purchased a new stake in shares of Draganfly during the 3rd quarter valued at approximately $39,000. Connective Capital Management LLC purchased a new position in Draganfly in the 3rd quarter valued at approximately $201,000. Wexford Capital LP purchased a new position in Draganfly in the 3rd quarter valued at approximately $67,000. Scientech Research LLC bought a new stake in Draganfly during the 3rd quarter valued at $514,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Draganfly during the third quarter worth $84,000. Hedge funds and other 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.