Draganfly (NASDAQ:DPRO) Given New $5.00 Price Target at HC Wainwright

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

Separately, Maxim Group assumed coverage on Draganfly in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $7.00 price target on the stock.

Draganfly Stock Performance

DPRO traded down $0.31 during trading on Friday, hitting $2.35. 111,264 shares of the stock were exchanged, compared to its average volume of 103,972. The firm has a market capitalization of $4.63 million, a P/E ratio of -0.58 and a beta of 2.24. Draganfly has a 1-year low of $1.55 and a 1-year high of $15.00. The stock has a fifty day moving average price of $2.64 and a two-hundred day moving average price of $4.23. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 0.23.

Draganfly (NASDAQ:DPRO) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $1.27 million during the quarter, compared to the consensus estimate of $2.07 million. Draganfly had a negative net margin of 303.16% and a negative return on equity of 1,845.76%. As a group, sell-side analysts predict that Draganfly will post -5.03 earnings per share for the current year.

Hedge Funds Weigh In On Draganfly

Several institutional investors have recently bought and sold shares of the company. Ground Swell Capital LLC purchased a new stake in shares of Draganfly in the third quarter valued at about $28,000. Integrated Advisors Network LLC purchased a new stake in Draganfly in the 3rd quarter valued at approximately $52,000. Finally, Armistice Capital LLC acquired a new position in Draganfly during the 2nd quarter worth approximately $1,515,000. 10.39% of the stock is owned by institutional investors and hedge funds.

Draganfly Company Profile

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.