Draganfly (NASDAQ:DPRO) Trading 1.9% Higher – Still a Buy?

Draganfly Inc. (NASDAQ:DPRO)’s stock price was up 1.9% during mid-day trading on Monday . The company traded as high as $4.27 and last traded at $4.22. Approximately 480,990 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 757,936 shares. The stock had previously closed at $4.14.

Analyst Ratings Changes

DPRO has been the topic of several recent analyst reports. Northland Securities set a $13.00 price target on shares of Draganfly in a report on Tuesday, May 12th. Needham & Company LLC reissued a “buy” rating and set a $12.00 price objective on shares of Draganfly in a report on Tuesday, May 19th. HC Wainwright assumed coverage on shares of Draganfly in a research report on Friday, May 29th. They issued a “buy” rating and a $14.00 target price for the company. Finally, LADENBURG THALM/SH SH raised shares of Draganfly to a “strong-buy” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average target price of $14.50.

Draganfly Stock Performance

The business has a fifty day simple moving average of $5.38 and a 200 day simple moving average of $6.15. The company has a market cap of $145.07 million, a P/E ratio of -4.31 and a beta of 2.73.

Draganfly (NASDAQ:DPRO) last issued its earnings results on Monday, May 11th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Draganfly had a negative return on equity of 27.88% and a negative net margin of 292.88%.The firm had revenue of $1.66 million during the quarter, compared to analyst estimates of $1.77 million. Equities research analysts expect that Draganfly Inc. will post -0.52 EPS for the current year.

Hedge Funds Weigh In On Draganfly

A number of hedge funds have recently added to or reduced their stakes in DPRO. GK Wealth Management LLC acquired a new position in Draganfly in the second quarter worth $55,000. World Investment Advisors lifted its position in shares of Draganfly by 33.3% in the 1st quarter. World Investment Advisors now owns 55,067 shares of the company’s stock worth $270,000 after buying an additional 13,753 shares during the last quarter. Purpose Unlimited Inc. bought a new position in shares of Draganfly in the 4th quarter worth about $43,000. Vident Advisory LLC acquired a new position in shares of Draganfly in the 4th quarter valued at about $813,000. Finally, XTX Topco Ltd acquired a new position in shares of Draganfly in the 4th quarter valued at about $108,000. Institutional investors and hedge funds 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.