Equities research analysts at Maxim Group initiated coverage on shares of Draganfly (NASDAQ:DPRO – Get Free Report) in a report released on Wednesday, Benzinga reports. The firm set a “buy” rating and a $7.00 price target on the stock. Maxim Group’s price target indicates a potential upside of 169.23% from the company’s previous close.
Separately, HC Wainwright raised their target price on shares of Draganfly from $0.50 to $7.00 and gave the stock a “buy” rating in a report on Friday, September 6th.
View Our Latest Report on DPRO
Draganfly Stock Performance
Draganfly (NASDAQ:DPRO – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $0.00 earnings per share for the quarter. Draganfly had a negative return on equity of 1,845.76% and a negative net margin of 303.16%. The firm had revenue of $1.27 million for the quarter, compared to analyst estimates of $2.07 million. On average, research analysts anticipate that Draganfly will post -5.03 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Draganfly
An institutional investor recently bought a new position in Draganfly stock. Armistice Capital LLC bought a new position in Draganfly Inc. (NASDAQ:DPRO – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,473,000 shares of the company’s stock, valued at approximately $1,515,000. Armistice Capital LLC owned 13.13% of Draganfly at the end of the most recent reporting period. 10.39% of the stock is currently owned by hedge funds and other 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 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.
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