Once Upon A Farm (NYSE:OFRM) Trading Down 6.6% – Should You Sell?

Once Upon A Farm (NYSE:OFRM)’s stock price was down 6.6% on Monday . The stock traded as low as $15.12 and last traded at $15.2590. Approximately 47,655 shares changed hands during trading, a decline of 92% from the average daily volume of 626,302 shares. The stock had previously closed at $16.33.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on OFRM shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Once Upon A Farm from $22.00 to $17.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Oppenheimer began coverage on Once Upon A Farm in a research note on Tuesday, March 3rd. They set an “outperform” rating and a $35.00 price objective on the stock. Weiss Ratings started coverage on Once Upon A Farm in a research report on Friday, May 1st. They issued a “sell (e-)” rating for the company. Zacks Research upgraded Once Upon A Farm to a “hold” rating in a research note on Wednesday, February 18th. Finally, TD Cowen dropped their target price on Once Upon A Farm from $26.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.13.

Once Upon A Farm Trading Up 2.6%

The business’s fifty day simple moving average is $17.01.

Once Upon A Farm (NYSE:OFRM) last released its quarterly 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 company had revenue of $72.72 million for the quarter. The company’s revenue was up 43.7% compared to the same quarter last year.

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.