Draganfly Inc. $DPRO Shares Sold by Kieckhefer Group LLC

Kieckhefer Group LLC reduced its stake in shares of Draganfly Inc. (NASDAQ:DPRO) by 82.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,000 shares of the company’s stock after selling 260,657 shares during the quarter. Kieckhefer Group LLC’s holdings in Draganfly were worth $334,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DPRO. Purpose Unlimited Inc. acquired a new stake in Draganfly in the 4th quarter worth $43,000. GK Wealth Management LLC acquired a new position in shares of Draganfly during the second quarter valued at about $55,000. Bank of New York Mellon Corp acquired a new position in shares of Draganfly during the second quarter valued at about $62,000. Finally, World Investment Advisors raised its position in shares of Draganfly by 33.3% during the first quarter. World Investment Advisors now owns 55,067 shares of the company’s stock valued at $270,000 after buying an additional 13,753 shares during the last quarter. 10.39% of the stock is currently owned by institutional investors and hedge funds.

Draganfly Stock Performance

NASDAQ DPRO traded down $0.01 during trading on Tuesday, reaching $4.18. 440,524 shares of the company traded hands, compared to its average volume of 1,699,370. The stock’s 50 day moving average price is $5.10 and its two-hundred day moving average price is $5.31. The company has a market cap of $143.86 million, a price-to-earnings ratio of -5.37 and a beta of 2.91. Draganfly Inc. has a 1-year low of $3.78 and a 1-year high of $13.84.

Draganfly (NASDAQ:DPRO) last issued its earnings results on Monday, August 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.13). The company had revenue of $1.93 million during the quarter, compared to analyst estimates of $2.56 million. Draganfly had a negative return on equity of 26.61% and a negative net margin of 355.34%. Draganfly’s revenue was up 26.0% on a year-over-year basis. Equities research analysts expect that Draganfly Inc. will post -0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DPRO. Zacks Research downgraded Draganfly from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. LADENBURG THALM/SH SH reduced their price objective on Draganfly from $12.75 to $11.50 and set a “buy” rating for the company in a research report on Thursday, August 13th. Wall Street Zen lowered Draganfly from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Finally, Needham & Company LLC restated a “buy” rating on shares of Draganfly in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.62.

About Draganfly

Draganfly Inc is a Canadian drone technology company that develops and provides unmanned aerial systems, software and related services. The company designs and manufactures drones for applications that include public safety, emergency response, industrial inspection, agriculture, mapping, surveying, delivery and defense-related operations.

Its product portfolio includes multirotor and fixed-wing aircraft, customized unmanned systems, drone payloads and autonomous flight technologies. Draganfly also provides data collection, aerial imaging, engineering, training and drone-as-a-service solutions designed to help organizations gather information and perform tasks remotely.

Founded in 1999, Draganfly describes itself as one of the oldest commercial drone manufacturers.