Once Upon A Farm (NYSE:OFRM) Stock Price Up 5% – What’s Next?

Once Upon A Farm (NYSE:OFRM) shares rose 5% during mid-day trading on Tuesday . The company traded as high as $15.15 and last traded at $15.24. Approximately 117,908 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 652,112 shares. The stock had previously closed at $14.51.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OFRM. Deutsche Bank Aktiengesellschaft dropped their price objective on Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Barclays lowered their target price on shares of Once Upon A Farm from $25.00 to $20.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. TD Cowen dropped their target price on shares of Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Oppenheimer initiated coverage on shares of Once Upon A Farm in a report on Tuesday, March 3rd. They set an “outperform” rating and a $35.00 price target for the company. Finally, The Goldman Sachs Group began coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They set a “buy” rating and a $43.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.75.

Once Upon A Farm Trading Up 1.8%

The firm has a 50 day moving average price of $18.57.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly earnings results on Thursday, March 12th. The organic kids food company reported $0.11 earnings per share for the quarter, meeting 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.

Insider Buying and Selling

In other Once Upon A Farm news, Director Walter E. Iv Robb bought 5,555 shares of Once Upon A Farm stock in a transaction dated Monday, February 9th. The shares were bought at an average price of $18.00 per share, with a total value of $99,990.00. Following the purchase, the director owned 145,970 shares of the company’s stock, valued at $2,627,460. This trade represents a 3.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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.