Once Upon A Farm (NYSE:OFRM) Stock Price Down 7.8% – Time to Sell?

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OFRM. Deutsche Bank Aktiengesellschaft started coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They issued a “hold” rating and a $25.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They set a “buy” rating and a $43.00 price target for the company. William Blair began coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “outperform” rating for the company. Zacks Research raised shares of Once Upon A Farm to a “hold” rating in a report on Wednesday, February 18th. Finally, Evercore assumed 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 price objective on the stock. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.38.

Once Upon A Farm Stock Performance

Once Upon A Farm (NYSE:OFRM) last announced its earnings results on Thursday, March 12th. The organic kids food company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $64.03 million for the quarter, compared to the consensus estimate of $62.65 million.

Insider Activity at Once Upon A Farm

In related news, Director Walter E. Iv Robb bought 5,555 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was purchased at an average cost of $18.00 per share, with a total value of $99,990.00. Following the transaction, the director owned 145,970 shares in the company, valued at approximately $2,627,460. This trade represents a 3.96% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.