Investors Buy Large Volume of Draganfly Call Options (NASDAQ:DPRO)

Draganfly Inc. (NASDAQ:DPRO) was the recipient of unusually large options trading on Thursday. Stock traders purchased 12,055 call options on the stock. This represents an increase of approximately 375% compared to the typical volume of 2,539 call options.

Institutional Investors Weigh In On Draganfly

Several institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in shares of Draganfly by 224.3% in the 3rd 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 last quarter. IFP Advisors Inc bought a new stake in shares of Draganfly in the 3rd quarter valued at approximately $39,000. Purpose Unlimited Inc. bought a new stake in shares of Draganfly in the 4th quarter valued at approximately $43,000. Royal Bank of Canada lifted its stake in shares of Draganfly by 478.4% in the 4th quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock valued at $60,000 after purchasing an additional 7,152 shares during the last quarter. Finally, Wexford Capital LP bought a new stake in shares of Draganfly in the 3rd quarter valued at approximately $67,000. 10.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DPRO. LADENBURG THALM/SH SH upgraded Draganfly to a “strong-buy” rating in a research report on Wednesday, May 6th. Northland Securities set a $13.00 price target on Draganfly in a report on Tuesday, May 12th. HC Wainwright assumed coverage on Draganfly in a report on Friday. They set a “buy” rating and a $14.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $12.00 price target on shares of Draganfly in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of $14.50.

Draganfly Price Performance

NASDAQ DPRO opened at $7.47 on Friday. The stock has a market capitalization of $256.79 million, a PE ratio of -7.62 and a beta of 2.58. Draganfly has a 1-year low of $1.69 and a 1-year high of $14.40. The business has a 50 day simple moving average of $5.66 and a two-hundred day simple moving average of $6.90.

Draganfly (NASDAQ:DPRO) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The company had revenue of $1.66 million during the quarter, compared to the consensus estimate of $1.78 million. Draganfly had a negative net margin of 292.88% and a negative return on equity of 27.88%. On average, analysts anticipate that Draganfly will post -0.52 EPS for the current fiscal year.

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.