Draganfly (NASDAQ:DPRO) Stock Price Down 1.5% – What’s Next?

Shares of Draganfly Inc. (NASDAQ:DPRO) traded down 1.5% during mid-day trading on Thursday . The stock traded as low as $6.42 and last traded at $6.66. 2,237,281 shares changed hands during trading, a decline of 1% from the average session volume of 2,256,082 shares. The stock had previously closed at $6.76.

Analyst Upgrades and Downgrades

DPRO has been the subject of several research reports. Needham & Company LLC reduced their target price on Draganfly from $20.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Northland Securities set a $20.00 price target on Draganfly in a research note on Thursday, January 15th. Wall Street Zen lowered Draganfly from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. 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 issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average price target of $16.75.

Draganfly Trading Down 0.8%

The company has a market capitalization of $35.89 million, a price-to-earnings ratio of -3.57 and a beta of 2.66. The firm’s 50 day simple moving average is $7.91 and its 200-day simple moving average is $7.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DPRO. Jones Financial Companies Lllp lifted its position in Draganfly by 224.3% in the third quarter. Jones Financial Companies Lllp now owns 3,399 shares of the company’s stock valued at $28,000 after purchasing an additional 2,351 shares during the period. Jane Street Group LLC acquired a new stake in shares of Draganfly in the 2nd quarter valued at approximately $35,000. IFP Advisors Inc acquired a new stake in shares of Draganfly in the 3rd quarter valued at approximately $39,000. Royal Bank of Canada boosted its stake in shares of Draganfly by 478.4% in the fourth quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock valued at $60,000 after buying an additional 7,152 shares in the last quarter. Finally, CWM LLC acquired a new position in Draganfly during the third quarter worth $61,000. 10.39% of the stock is currently owned by institutional investors and hedge funds.

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.