Once Upon A Farm (NYSE:OFRM) Trading Down 7.8% – What’s Next?

Once Upon A Farm (NYSE:OFRM)’s stock price traded down 7.8% during mid-day trading on Tuesday . The stock traded as low as $15.87 and last traded at $15.73. 216,685 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 736,249 shares. The stock had previously closed at $17.06.

Analyst Ratings Changes

A number of equities research analysts have issued reports on OFRM shares. Deutsche Bank Aktiengesellschaft started coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They set a “hold” rating and a $25.00 price target for the company. TD Cowen began coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set a “hold” rating and a $26.00 target price for the company. Zacks Research raised shares of Once Upon A Farm to a “hold” rating in a report on Wednesday, February 18th. The Goldman Sachs Group initiated coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set a “buy” rating and a $43.00 price objective for the company. Finally, Wall Street Zen lowered Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.38.

Once Upon A Farm Stock Down 6.3%

Once Upon A Farm (NYSE:OFRM) last released its quarterly earnings data on Thursday, March 12th. The organic kids food company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $64.03 million for the quarter, compared to the consensus estimate of $62.65 million.

Insider Transactions at Once Upon A Farm

In related news, Director Walter E. Iv Robb purchased 5,555 shares of Once Upon A Farm stock in a transaction on Monday, February 9th. The shares were bought at an average cost of $18.00 per share, for a total transaction of $99,990.00. Following the acquisition, the director owned 145,970 shares in the company, valued at approximately $2,627,460. The trade was a 3.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

About Once Upon A Farm

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.