Kieckhefer Group LLC Buys 115,000 Shares of Draganfly Inc. $DPRO

Kieckhefer Group LLC boosted its stake in shares of Draganfly Inc. (NASDAQ:DPRO) by 57.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,657 shares of the company’s stock after buying an additional 115,000 shares during the quarter. Draganfly makes up 1.2% of Kieckhefer Group LLC’s portfolio, making the stock its 15th largest position. Kieckhefer Group LLC owned 5.81% of Draganfly worth $2,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. CWM LLC purchased a new position in shares of Draganfly during the third quarter worth approximately $61,000. Jane Street Group LLC bought a new position in Draganfly in the second quarter worth approximately $35,000. XTX Topco Ltd purchased a new position in Draganfly during the 2nd quarter worth $65,000. Finally, DNB Asset Management AS bought a new stake in Draganfly during the 2nd quarter valued at $340,000. 10.39% of the stock is owned by hedge funds and other institutional investors.

Draganfly Stock Performance

Shares of Draganfly stock opened at $7.03 on Tuesday. The company has a market capitalization of $38.17 million, a PE ratio of -3.80 and a beta of 2.64. The company has a 50-day simple moving average of $7.78 and a two-hundred day simple moving average of $6.33. Draganfly Inc. has a one year low of $1.63 and a one year high of $14.40.

Draganfly (NASDAQ:DPRO) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. Draganfly had a negative net margin of 243.20% and a negative return on equity of 71.81%. The firm had revenue of $1.57 million for the quarter, compared to the consensus estimate of $2.34 million. On average, equities analysts predict that Draganfly Inc. will post -3.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

DPRO has been the topic of a number of recent research reports. Needham & Company LLC dropped their price target on Draganfly from $20.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. HC Wainwright set a $14.00 price target on shares of Draganfly and gave the company a “buy” rating in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Draganfly from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Finally, LADENBURG THALM/SH SH raised shares of Draganfly to a “strong-buy” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, Draganfly currently has a consensus rating of “Buy” and a consensus price target of $15.67.

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.