Once Upon A Farm (NYSE:OFRM) Reaches New 1-Year Low – Here’s What Happened

Shares of Once Upon A Farm (NYSE:OFRM) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $14.16 and last traded at $14.4650, with a volume of 114504 shares trading hands. The stock had previously closed at $14.87.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OFRM shares. Evercore started coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 price target for the company. Oppenheimer started coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued an “outperform” rating and a $35.00 price target for the company. Zacks Research raised shares of Once Upon A Farm to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen raised shares of Once Upon A Farm from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an “overweight” rating and a $29.00 target price for the company. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.75.

Once Upon A Farm Trading Up 0.2%

The business has a 50 day simple moving average of $17.97.

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

Insiders Place Their Bets

In related news, Director Walter E. Iv Robb bought 5,555 shares of Once Upon A Farm stock in a transaction that occurred on 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 purchase, the director owned 145,970 shares in the company, valued at approximately $2,627,460. This trade represents a 3.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.