LADENBURG THALM/SH SH Upgrades Draganfly (NASDAQ:DPRO) to Strong-Buy

Draganfly (NASDAQ:DPRO) was upgraded by stock analysts at LADENBURG THALM/SH SH to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other research analysts have also issued reports on DPRO. Wall Street Zen lowered Draganfly from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Needham & Company LLC lowered their price objective 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, HC Wainwright set a $14.00 target price on shares of Draganfly and gave the company a “buy” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $15.67.

Draganfly Price Performance

DPRO opened at $7.53 on Thursday. The company has a market capitalization of $40.89 million, a price-to-earnings ratio of -4.07 and a beta of 2.64. Draganfly has a 1-year low of $1.63 and a 1-year high of $14.40. The business has a 50 day moving average price of $8.18 and a two-hundred day moving average price of $6.07.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position 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 acquiring an additional 2,351 shares in the last quarter. IFP Advisors Inc acquired a new stake in Draganfly during the 3rd quarter valued at $39,000. CWM LLC purchased a new stake in shares of Draganfly in the third quarter valued at $61,000. Wexford Capital LP acquired a new stake in shares of Draganfly in the third quarter worth $67,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Draganfly in the third quarter worth $77,000. 10.39% of the stock is owned by hedge funds and other institutional investors.

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.