HC Wainwright Boosts Draganfly (NASDAQ:DPRO) Price Target to $7.00

Draganfly (NASDAQ:DPRO) had its price target raised by analysts at HC Wainwright from $5.00 to $7.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective suggests a potential upside of 59.45% from the company’s previous close.

Separately, Maxim Group started coverage on shares of Draganfly in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $7.00 price objective for the company.

Draganfly Trading Up 0.7 %

Shares of NASDAQ:DPRO opened at $4.39 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.54. The firm has a market capitalization of $8.66 million, a P/E ratio of -1.09 and a beta of 2.58. The business’s 50-day moving average is $3.12 and its 200 day moving average is $3.69. Draganfly has a 1 year low of $1.55 and a 1 year high of $12.50.

Hedge Funds Weigh In On Draganfly

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ground Swell Capital LLC purchased a new stake in Draganfly during the 3rd quarter valued at about $28,000. Integrated Advisors Network LLC acquired a new stake in shares of Draganfly during the third quarter worth about $52,000. Finally, Armistice Capital LLC purchased a new stake in Draganfly in the second quarter valued at approximately $1,515,000. Hedge funds and other institutional investors own 10.39% of the company’s stock.

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.