Once Upon A Farm’s (NYSE:OFRM) Lock-Up Period Will Expire on August 5th

Once Upon A Farm’s (NYSE:OFRM) lock-up period is set to 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 expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OFRM. Weiss Ratings initiated coverage on Once Upon A Farm in a research report on Friday, May 1st. They set a “sell (e-)” rating on the stock. Evercore set a $23.00 price objective on Once Upon A Farm in a research report on Friday, May 8th. Wall Street Zen downgraded Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. 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 research report on Monday, April 20th. Finally, Barclays dropped their target price on Once Upon A Farm from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.12.

Once Upon A Farm Stock Performance

OFRM opened at $15.84 on Friday. The company’s 50 day simple moving average is $17.67. The company has a market capitalization of $663.77 million and a PE ratio of -66.00. Once Upon A Farm has a twelve month low of $14.00 and a twelve month high of $27.00.

Once Upon A Farm (NYSE:OFRM) last issued its quarterly earnings data on Thursday, May 7th. The organic kids food company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.38). The company had revenue of $72.72 million during the quarter. Once Upon A Farm’s quarterly revenue was up 43.7% compared to the same quarter last year.

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.