Draganfly (NASDAQ:DPRO) Upgraded by Northland Capmk to Strong-Buy Rating

Northland Capmk upgraded shares of Draganfly (NASDAQ:DPRO) to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on DPRO. LADENBURG THALM/SH SH raised shares of Draganfly to a “strong-buy” rating in a research note on Thursday, December 18th. Wall Street Zen lowered Draganfly from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. HC Wainwright set a $14.00 target price on Draganfly and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Needham & Company LLC reduced their target price on shares of Draganfly from $20.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, Northland Securities set a $20.00 price target on shares of Draganfly in a research note on Thursday. 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 stock currently has a consensus rating of “Strong Buy” and an average target price of $16.75.

Draganfly Stock Up 0.7%

Shares of Draganfly stock opened at $9.41 on Thursday. The stock has a market capitalization of $51.10 million, a P/E ratio of -5.24 and a beta of 2.64. Draganfly has a 12-month low of $1.63 and a 12-month high of $14.40. The company has a 50-day simple moving average of $7.63 and a 200 day simple moving average of $6.81.

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

Institutional Investors Weigh In On Draganfly

A number of hedge funds have recently modified their holdings of DPRO. DNB Asset Management AS grew its position 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 valued at $2,194,000 after purchasing an additional 162,408 shares during the period. Kieckhefer Group LLC boosted its stake in Draganfly by 57.3% in the 3rd quarter. Kieckhefer Group LLC now owns 315,657 shares of the company’s stock worth $2,569,000 after purchasing an additional 115,000 shares during the period. Virtu Financial LLC bought a new position in Draganfly during the 3rd quarter worth about $894,000. Scientech Research LLC acquired a new stake in Draganfly in the 3rd quarter valued at approximately $514,000. Finally, Centiva Capital LP acquired a new position in Draganfly during the 3rd quarter worth approximately $309,000. 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.