Once Upon A Farm (NYSE:OFRM) Hits New 12-Month Low – What’s Next?

Once Upon A Farm (NYSE:OFRM)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $15.65 and last traded at $16.1490, with a volume of 643429 shares changing hands. The stock had previously closed at $17.06.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. William Blair initiated coverage on Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. started coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They issued an “overweight” rating and a $29.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They issued a “buy” rating and a $43.00 target price for the company. Barclays started coverage on shares of Once Upon A Farm in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $25.00 price target on the stock. Finally, Evercore began 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 objective on the stock. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Once Upon A Farm currently has an average 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 quarterly earnings data on Thursday, March 12th. The organic kids food company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $64.03 million for the quarter, compared to the consensus estimate of $62.65 million.

Insiders Place Their Bets

In other Once Upon A Farm news, Director Walter E. Iv Robb acquired 5,555 shares of Once Upon A Farm stock in a transaction on Monday, February 9th. The shares were purchased at an average cost of $18.00 per share, with a total value of $99,990.00. Following the completion of the purchase, the director owned 145,970 shares in the company, valued at $2,627,460. The trade was a 3.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.