Draganfly (NASDAQ:DPRO) Receives “Buy” Rating from HC Wainwright

Draganfly (NASDAQ:DPRO)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a note issued to investors on Wednesday,Benzinga reports. They presently have a $6.00 price target on the stock. HC Wainwright’s price objective suggests a potential upside of 36.05% from the company’s current price.

Separately, Wall Street Zen lowered Draganfly from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Draganfly Price Performance

Draganfly stock opened at $4.41 on Wednesday. The stock has a market capitalization of $23.95 million, a price-to-earnings ratio of -2.58 and a beta of 2.44. Draganfly has a 52-week low of $1.55 and a 52-week high of $7.30. The stock’s 50 day moving average price is $4.04 and its two-hundred day moving average price is $3.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.75 and a current ratio of 5.29.

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

Hedge Funds Weigh In On Draganfly

A number of large investors have recently modified their holdings of the company. Kieckhefer Group LLC lifted its holdings in shares of Draganfly by 69.1% in the 2nd quarter. Kieckhefer Group LLC now owns 200,657 shares of the company’s stock worth $636,000 after purchasing an additional 82,000 shares in the last quarter. DNB Asset Management AS bought a new position in shares of Draganfly in the 2nd quarter worth $340,000. Integrated Advisors Network LLC lifted its holdings in shares of Draganfly by 46.3% in the 4th quarter. Integrated Advisors Network LLC now owns 30,000 shares of the company’s stock worth $120,000 after purchasing an additional 9,500 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Draganfly in the 2nd quarter worth $65,000. Finally, Jane Street Group LLC bought a new position in shares of Draganfly in the 2nd quarter worth $35,000. 10.39% of the stock is currently owned by institutional investors.

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 quadcopters, fixed-wing aircraft, ground-based robots, handheld controllers, and flight training, as well as software used for tracking, live streaming, and data collection.