Draganfly (NASDAQ:DPRO) Given New $7.00 Price Target at HC Wainwright

Draganfly (NASDAQ:DPRO) had its price objective hoisted by HC Wainwright from $5.00 to $7.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

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

Draganfly Stock Performance

Shares of DPRO stock opened at $4.58 on Monday. The firm has a market cap of $9.03 million, a price-to-earnings ratio of -1.13 and a beta of 2.58. Draganfly has a 52-week low of $1.55 and a 52-week high of $12.50. The company has a quick ratio of 1.54, a current ratio of 1.94 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $3.12 and its 200 day moving average is $3.67.

Institutional Trading of Draganfly

A number of institutional investors have recently modified their holdings of DPRO. Ground Swell Capital LLC purchased a new stake in Draganfly during the third quarter valued at approximately $28,000. Integrated Advisors Network LLC acquired a new position in shares of Draganfly during the third quarter worth $52,000. Finally, Armistice Capital LLC purchased a new stake in shares of Draganfly during the 2nd quarter valued at $1,515,000. 10.39% of the stock is currently owned by institutional investors.

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.