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

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OFRM shares. TD Cowen assumed coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They set a “hold” rating and a $25.00 price objective for the company. Wall Street Zen downgraded shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday. Evercore assumed coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They set a “hold” rating and a $26.00 price target on the stock. Finally, Bank of America assumed coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They issued a “buy” rating and a $26.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.38.

Once Upon A Farm Trading 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 for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $64.03 million for the quarter, compared to analysts’ expectations of $62.65 million.

Insiders Place Their Bets

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