Draganfly (NASDAQ:DPRO) Trading Down 1.5% – What’s Next?

Draganfly Inc. (NASDAQ:DPRO)’s stock price was down 1.5% during trading on Thursday . The stock traded as low as $6.42 and last traded at $6.66. Approximately 2,237,281 shares were traded during trading, a decline of 1% from the average daily volume of 2,256,082 shares. The stock had previously closed at $6.76.

Wall Street Analysts Forecast Growth

DPRO has been the topic of several recent analyst reports. Northland Securities set a $20.00 price objective on shares of Draganfly in a research note on Thursday, January 15th. LADENBURG THALM/SH SH upgraded shares of Draganfly to a “strong-buy” rating in a research note on Thursday, December 18th. Wall Street Zen cut Draganfly from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Finally, Needham & Company LLC reduced their price target on Draganfly from $20.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, Draganfly presently has an average rating of “Strong Buy” and a consensus price target of $16.75.

Draganfly Stock Down 1.5%

The company has a market cap of $36.16 million, a P/E ratio of -3.60 and a beta of 2.66. The stock has a 50 day moving average price of $7.96 and a two-hundred day moving average price of $7.57.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DPRO. DNB Asset Management AS increased its stake in Draganfly by 151.5% during the 3rd quarter. DNB Asset Management AS now owns 269,591 shares of the company’s stock worth $2,194,000 after acquiring an additional 162,408 shares during the period. Kieckhefer Group LLC boosted its stake in shares of Draganfly by 57.3% in the 3rd quarter. Kieckhefer Group LLC now owns 315,657 shares of the company’s stock valued at $2,569,000 after purchasing an additional 115,000 shares in the last quarter. Verus Capital Partners LLC bought a new stake in shares of Draganfly during the third quarter worth $111,000. Jones Financial Companies Lllp grew its position in Draganfly by 224.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,399 shares of the company’s stock worth $28,000 after acquiring an additional 2,351 shares during the last quarter. Finally, Vident Advisory LLC bought a new stake in shares of Draganfly during the fourth quarter worth about $813,000. 10.39% of the stock is owned by institutional investors.

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.