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

Draganfly (NASDAQ:DPRO) was upgraded by investment analysts at LADENBURG THALM/SH SH to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts have also recently commented on DPRO. Needham & Company LLC decreased their target price 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. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Draganfly in a report on Monday, March 30th. Finally, Northland Securities set a $20.00 target price on shares of Draganfly in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Strong Buy” and an average price target of $16.25.

Draganfly Trading Up 6.1%

NASDAQ:DPRO opened at $5.42 on Wednesday. The firm has a market cap of $186.32 million, a price-to-earnings ratio of -4.17 and a beta of 2.58. The company has a 50-day moving average of $5.95 and a 200-day moving average of $7.25. Draganfly has a twelve month low of $1.63 and a twelve month high of $14.40.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings data on Tuesday, March 24th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). The company had revenue of $1.37 million for the quarter, compared to the consensus estimate of $2.78 million. Draganfly had a negative return on equity of 45.65% and a negative net margin of 294.03%. On average, research analysts forecast that Draganfly will post -0.42 earnings per share for the current year.

Institutional Trading of Draganfly

A number of institutional investors have recently bought and sold shares of DPRO. XTX Topco Ltd acquired a new stake in Draganfly during the second quarter valued at $65,000. Jane Street Group LLC acquired a new stake in Draganfly in the second quarter valued at approximately $35,000. CWM LLC acquired a new stake in Draganfly in the third quarter valued at approximately $61,000. SG Americas Securities LLC acquired a new stake in Draganfly in the third quarter valued at approximately $89,000. Finally, Jones Financial Companies Lllp lifted its stake 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 acquiring an additional 2,351 shares during the last quarter. Institutional investors and hedge funds own 10.39% of the company’s stock.

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.