Draganfly (NASDAQ:DPRO) Stock Price Down 4.4% – Should You Sell?

Draganfly Inc. (NASDAQ:DPRO)’s stock price traded down 4.4% on Monday . The stock traded as low as $6.08 and last traded at $6.32. 3,160,184 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 2,302,604 shares. The stock had previously closed at $6.61.

Analysts Set New Price Targets

Several research firms have recently commented on DPRO. Needham & Company LLC reduced 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. LADENBURG THALM/SH SH upgraded Draganfly to a “strong-buy” rating in a report on Thursday, December 18th. Northland Securities set a $20.00 price target on shares of Draganfly in a research report on Thursday, January 15th. Finally, Wall Street Zen downgraded Draganfly from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average target price of $16.75.

Draganfly Price Performance

The company’s 50 day simple moving average is $7.91 and its 200 day simple moving average is $7.63. The company has a market capitalization of $34.32 million, a PE ratio of -3.42 and a beta of 2.66.

Institutional Investors Weigh In On Draganfly

Several large investors have recently modified their holdings of DPRO. Jones Financial Companies Lllp boosted its stake in Draganfly by 224.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,399 shares of the company’s stock worth $28,000 after purchasing an additional 2,351 shares during the period. Jane Street Group LLC acquired a new position in Draganfly in the second quarter valued at $35,000. IFP Advisors Inc purchased a new stake in shares of Draganfly in the third quarter valued at about $39,000. Royal Bank of Canada boosted its stake in shares of Draganfly by 478.4% during the fourth quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock worth $60,000 after buying an additional 7,152 shares during the period. Finally, CWM LLC acquired a new stake in shares of Draganfly during the third quarter worth about $61,000. 10.39% of the stock is 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.