Once Upon A Farm’s Lock-Up Period To End Tomorrow (NYSE:OFRM)

Once Upon A Farm’s (NYSE:OFRM) lock-up period will end on Wednesday, August 5th. Once Upon A Farm had issued 10,997,209 shares in its IPO on February 6th. The total size of the offering was $197,949,762 based on an initial share price of $18.00. After the end of Once Upon A Farm’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analysts Set New Price Targets

OFRM has been the subject of several research analyst reports. Barclays cut their price target on Once Upon A Farm from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Weiss Ratings reissued a “sell (e-)” rating on shares of Once Upon A Farm in a report on Wednesday, July 29th. TD Cowen reduced their price target on shares of Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Wall Street Zen lowered shares of Once Upon A Farm from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Evercore set a $23.00 price objective on shares of Once Upon A Farm in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.12.

Once Upon A Farm Price Performance

Shares of NYSE:OFRM opened at $16.34 on Tuesday. Once Upon A Farm has a 12 month low of $14.00 and a 12 month high of $27.00. The company has a market cap of $684.51 million and a P/E ratio of -68.07. The firm’s 50-day moving average price is $17.66.

Once Upon A Farm (NYSE:OFRM) last announced its earnings results on Thursday, May 7th. The organic kids food company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.38). The business had revenue of $72.72 million during the quarter. The business’s revenue was up 43.7% on a year-over-year basis.

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.