Pattern Group Inc. (NASDAQ:PTRN) Given Consensus Recommendation of “Buy” by Analysts

Pattern Group Inc. (NASDAQ:PTRN) has been assigned an average rating of “Buy” from the twelve research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $20.7778.

Several analysts have recently commented on PTRN shares. Zacks Research upgraded Pattern Group to a “hold” rating in a report on Wednesday, October 15th. KeyCorp upped their target price on Pattern Group from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus set a $22.00 price target on Pattern Group in a report on Thursday. The Goldman Sachs Group assumed coverage on shares of Pattern Group in a report on Tuesday, October 14th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of Pattern Group from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday.

Insiders Place Their Bets

In related news, Director Daniel Gay sold 1,300,000 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $13.02, for a total value of $16,926,000.00. Following the transaction, the director directly owned 829,475 shares of the company’s stock, valued at $10,799,764.50. This represents a 61.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David K. Wright sold 9,414,286 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $13.02, for a total value of $122,574,003.72. Following the completion of the transaction, the chief executive officer owned 29,418,585 shares of the company’s stock, valued at $383,029,976.70. This trade represents a 24.24% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Trading of Pattern Group

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Pattern Group in the third quarter worth about $168,000. Steadview Capital Management LLC acquired a new position in Pattern Group in the 3rd quarter worth approximately $5,480,000. Teacher Retirement System of Texas acquired a new position in Pattern Group in the 3rd quarter worth approximately $2,740,000. Copia Wealth Management purchased a new position in Pattern Group during the 3rd quarter worth approximately $294,000. Finally, Federated Hermes Inc. acquired a new stake in Pattern Group during the 3rd quarter valued at approximately $247,000.

Pattern Group Price Performance

Shares of Pattern Group stock opened at $17.09 on Friday. Pattern Group has a 52-week low of $12.00 and a 52-week high of $20.10.

Pattern Group (NASDAQ:PTRN) last posted its earnings results on Wednesday, November 5th. The company reported ($2.19) EPS for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.52. The firm had revenue of $639.66 million for the quarter, compared to analysts’ expectations of $570.78 million. Pattern Group has set its Q4 2025 guidance at EPS.

Pattern Group Company Profile

At Pattern, we are on a mission to help brands accelerate profitable growth on global ecommerce marketplaces. Today, our proprietary technology and on-demand experts operate across more than 60 marketplaces to increase product sales to consumers in more than 100 countries. Utilizing more than 46 trillion data points and sophisticated machine learning and artificial intelligence (“AI”) models, we strive to optimize and automate key levers of ecommerce growth, including advertising, content creation and management, pricing, forecasting and customer service.