Draganfly (NASDAQ:DPRO) Price Target Lowered to $5.00 at HC Wainwright

Draganfly (NASDAQ:DPRO) had its price target decreased by HC Wainwright from $7.00 to $5.00 in a research note published on Friday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Draganfly Stock Down 7.9%

Draganfly stock opened at $1.74 on Friday. The company has a market capitalization of $3.43 million, a P/E ratio of -0.43 and a beta of 2.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 1.94. Draganfly has a fifty-two week low of $1.55 and a fifty-two week high of $9.13. The stock has a 50-day simple moving average of $2.50 and a 200-day simple moving average of $3.01.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.04. Draganfly had a negative return on equity of 1,487.09% and a negative net margin of 227.25%. Equities research analysts expect that Draganfly will post -3.56 earnings per share for the current year.

Institutional Trading of Draganfly

Several institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Draganfly during the 4th quarter worth $51,000. Integrated Advisors Network LLC raised its holdings 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 buying an additional 9,500 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Draganfly in the fourth quarter valued at about $467,000. Hedge funds and other institutional investors own 10.39% of the company’s stock.

About Draganfly

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 quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.