Once Upon A Farm’s Quiet Period Will Expire on March 18th (NYSE:OFRM)

Once Upon A Farm’s (NYSE:OFRM) quiet period will expire on Wednesday, March 18th. Once Upon A Farm had issued 10,997,209 shares in its initial public offering on February 6th. The total size of the offering was $197,949,762 based on an initial share price of $18.00. During Once Upon A Farm’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Oppenheimer assumed 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. Evercore assumed 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 for the company. TD Cowen started coverage on shares of Once Upon A Farm in a research note on Tuesday, March 3rd. They issued a “hold” rating and a $26.00 target price for 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. Finally, Bank of America started coverage on Once Upon A Farm in a report on Tuesday, March 3rd. They set a “buy” rating and a $26.00 price target for the company. Five 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.38.

Once Upon A Farm Trading Up 0.6%

OFRM opened at $21.30 on Wednesday. Once Upon A Farm has a one year low of $20.11 and a one year high of $27.00.

Insider Transactions at Once Upon A Farm

In other news, Director Walter E. Iv Robb acquired 5,555 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $99,990.00. Following the transaction, the director owned 145,970 shares of the company’s stock, valued at approximately $2,627,460. This represents a 3.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.