Once Upon A Farm (NYSE:OFRM) Trading Down 9.1% – What’s Next?

Once Upon A Farm (NYSE:OFRM)’s stock price was down 9.1% during trading on Wednesday . The company traded as low as $20.17 and last traded at $19.6530. Approximately 136,089 shares changed hands during trading, a decline of 77% from the average session volume of 586,283 shares. The stock had previously closed at $21.62.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating for the company in a report on Monday, March 30th. TD Cowen decreased their price target on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Barclays lowered their price target on Once Upon A Farm from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Wall Street Zen cut Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings assumed coverage on Once Upon A Farm in a research report on Friday, May 1st. They issued a “sell (e-)” rating for the company. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.12.

Once Upon A Farm Stock Down 12.3%

The stock has a market capitalization of $794.17 million and a PE ratio of -78.83. The firm’s fifty day simple moving average is $17.21.

Once Upon A Farm (NYSE:OFRM) last posted its quarterly earnings data on Thursday, May 7th. The organic kids food company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.38). The company had revenue of $72.72 million during the quarter. The company’s revenue was up 43.7% on a year-over-year basis.

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.