Kieckhefer Group LLC Buys 82,000 Shares of Draganfly Inc. $DPRO

Kieckhefer Group LLC grew its stake in Draganfly Inc. (NASDAQ:DPRO) by 69.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,657 shares of the company’s stock after purchasing an additional 82,000 shares during the quarter. Draganfly makes up approximately 0.3% of Kieckhefer Group LLC’s investment portfolio, making the stock its 28th largest holding. Kieckhefer Group LLC owned approximately 3.70% of Draganfly worth $636,000 as of its most recent SEC filing.

Separately, Integrated Advisors Network LLC raised its position in shares of Draganfly by 46.3% in the fourth quarter. Integrated Advisors Network LLC now owns 30,000 shares of the company’s stock valued at $120,000 after purchasing an additional 9,500 shares during the period. Hedge funds and other institutional investors own 10.39% of the company’s stock.

Draganfly Trading Up 12.3%

DPRO opened at $6.13 on Monday. The company’s 50 day moving average is $4.96 and its 200-day moving average is $3.36. Draganfly Inc. has a 1-year low of $1.63 and a 1-year high of $7.30. The company has a current ratio of 5.29, a quick ratio of 4.80 and a debt-to-equity ratio of 0.01. The company has a market cap of $33.29 million, a P/E ratio of -3.58 and a beta of 2.44.

Draganfly (NASDAQ:DPRO) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.02. Draganfly had a negative net margin of 181.76% and a negative return on equity of 197.71%. The company had revenue of $1.55 million for the quarter, compared to the consensus estimate of $2.24 million. Equities research analysts predict that Draganfly Inc. will post -3.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DPRO shares. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price target on shares of Draganfly in a research report on Wednesday, August 13th. Wall Street Zen lowered shares of Draganfly from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $6.50.

Draganfly Company Profile

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quadcopters, fixed-wing aircraft, ground-based robots, handheld controllers, and flight training, as well as software used for tracking, live streaming, and data collection.