Once Upon A Farm (NYSE:OFRM) Trading Down 8% – Here’s What Happened

Shares of Once Upon A Farm (NYSE:OFRM) dropped 8% during mid-day trading on Wednesday . The stock traded as low as $21.67 and last traded at $21.67. Approximately 95,924 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 809,942 shares. The stock had previously closed at $23.56.

Wall Street Analyst Weigh In

A number of analysts have weighed in on OFRM shares. Wall Street Zen upgraded Once Upon A Farm to a “hold” rating in a report on Saturday, February 14th. Zacks Research upgraded Once Upon A Farm to a “hold” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Once Upon A Farm Stock Up 1.9%

Insider Buying and Selling

In other news, Director Walter E. Iv Robb purchased 5,555 shares of the business’s stock in a transaction on Monday, February 9th. The shares were acquired at an average price of $18.00 per share, for a total transaction of $99,990.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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.