Once Upon A Farm’s Quiet Period To End on March 18th (NYSE:OFRM)

Once Upon A Farm’s (NYSE:OFRM) quiet period will expire on Wednesday, March 18th. Once Upon A Farm had issued 10,997,209 shares in its IPO on February 6th. The total size of the offering was $197,949,762 based on an initial share price of $18.00. During Once Upon A Farm’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

OFRM has been the subject of a number of analyst reports. TD Cowen began coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 target price for the company. Bank of America initiated coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set a “buy” rating and a $26.00 price target on the stock. Zacks Research upgraded shares of Once Upon A Farm to a “hold” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group assumed coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They issued a “buy” rating and a $43.00 price objective for the company. Finally, William Blair assumed coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They issued an “outperform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.38.

Once Upon A Farm Stock Down 1.7%

Shares of OFRM opened at $20.36 on Friday. Once Upon A Farm has a 1-year low of $20.07 and a 1-year high of $27.00.

Insider Activity at Once Upon A Farm

In other news, Director Walter E. Iv Robb acquired 5,555 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was bought at an average price of $18.00 per share, with a total value of $99,990.00. Following the transaction, the director directly owned 145,970 shares in the company, valued at approximately $2,627,460. The trade was a 3.96% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Once Upon A Farm Company Profile

Once Upon A Farm (NYSE: OFRM) is a U.S.-based producer of refrigerated organic foods for infants, toddlers and young children. The company’s product lineup emphasizes cold-pressed, organic purees, blends and smoothies formulated for early childhood nutrition. Its offerings are positioned around whole-food ingredients, limited processing and claims of no artificial preservatives or added sugars, with packaging designed for convenience and on-the-go feeding.

Once Upon A Farm distributes its products through a combination of retail and direct-to-consumer channels, serving customers primarily across the United States.