Draganfly (NASDAQ:DPRO) Shares Down 4.4% – Time to Sell?

Draganfly Inc. (NASDAQ:DPRO) shares were down 4.4% during trading on Monday . The company traded as low as $6.08 and last traded at $6.32. Approximately 3,160,184 shares changed hands during trading, an increase of 37% from the average daily volume of 2,302,604 shares. The stock had previously closed at $6.61.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a research report on Thursday, December 18th. Northland Securities set a $20.00 target price on Draganfly in a research report on Thursday, January 15th. 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 dropped their price target on Draganfly from $20.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus price target of $16.75.

Draganfly Trading Up 2.8%

The stock’s 50-day moving average price is $7.89 and its 200-day moving average price is $7.66. The company has a market cap of $35.84 million, a P/E ratio of -3.57 and a beta of 2.66.

Hedge Funds Weigh In On Draganfly

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in Draganfly by 224.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,399 shares of the company’s stock valued at $28,000 after purchasing an additional 2,351 shares during the period. IFP Advisors Inc acquired a new stake in shares of Draganfly in the 3rd quarter worth about $39,000. Royal Bank of Canada lifted its position in Draganfly by 478.4% in the 4th quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock valued at $60,000 after acquiring an additional 7,152 shares in the last quarter. CWM LLC bought a new stake in Draganfly during the 3rd quarter worth approximately $61,000. Finally, Wexford Capital LP purchased a new stake in shares of Draganfly in the third quarter worth approximately $67,000. 10.39% of the stock is owned by institutional investors and hedge funds.

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.