Draganfly (NASDAQ:DPRO) Rating Increased to Strong-Buy at Northland Capmk

Draganfly (NASDAQ:DPRO) was upgraded by analysts at Northland Capmk to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other research analysts have also issued reports about the stock. HC Wainwright set a $14.00 target price on shares of Draganfly and gave the stock a “buy” rating in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH upgraded Draganfly to a “strong-buy” rating in a research note on Thursday, December 18th. Northland Securities set a $20.00 price target on Draganfly in a research note on Thursday. Needham & Company LLC cut their price target on Draganfly from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Finally, Wall Street Zen lowered Draganfly from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average target price of $16.75.

Draganfly Price Performance

Shares of NASDAQ:DPRO opened at $9.34 on Thursday. Draganfly has a 1 year low of $1.63 and a 1 year high of $14.40. The business’s 50-day moving average is $7.63 and its 200-day moving average is $6.81. The company has a market capitalization of $50.72 million, a price-to-earnings ratio of -5.05 and a beta of 2.64.

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

Institutional Investors Weigh In On Draganfly

Institutional investors have recently bought and sold shares of the stock. Kieckhefer Group LLC raised its position in Draganfly by 57.3% in the 3rd quarter. Kieckhefer Group LLC now owns 315,657 shares of the company’s stock valued at $2,569,000 after buying an additional 115,000 shares during the last quarter. DNB Asset Management AS grew its stake in shares of Draganfly by 151.5% in the 3rd quarter. DNB Asset Management AS now owns 269,591 shares of the company’s stock worth $2,194,000 after acquiring an additional 162,408 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Draganfly in the third quarter valued at about $894,000. Scientech Research LLC purchased a new stake in shares of Draganfly in the third quarter valued at about $514,000. Finally, Centiva Capital LP bought a new position in shares of Draganfly during the third quarter valued at about $309,000. 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.