Pattern Group (NASDAQ:PTRN) Reaches New 12-Month High on Earnings Beat

Pattern Group Inc. (NASDAQ:PTRN) reached a new 52-week high on Thursday following a stronger than expected earnings report. The stock traded as high as $19.20 and last traded at $17.93, with a volume of 403221 shares changing hands. The stock had previously closed at $18.04.

The company reported ($2.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.52. The firm had revenue of $639.66 million during the quarter, compared to analysts’ expectations of $570.78 million. Pattern Group has set its Q4 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PTRN. Zacks Research upgraded Pattern Group to a “hold” rating in a report on Wednesday, October 15th. Needham & Company LLC upped their price target on Pattern Group from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI began coverage on Pattern Group in a report on Tuesday, October 14th. They issued an “outperform” rating and a $19.00 price target for the company. Baird R W upgraded Pattern Group to a “strong-buy” rating in a report on Tuesday, October 14th. Finally, Wall Street Zen upgraded Pattern Group to a “hold” rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Pattern Group currently has an average rating of “Buy” and a consensus target price of $19.11.

Insider Activity

In other news, Director Daniel Gay sold 1,300,000 shares of Pattern Group stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $13.02, for a total transaction of $16,926,000.00. Following the completion of the sale, the director directly owned 829,475 shares in the company, valued at $10,799,764.50. The trade was a 61.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David K. Wright sold 9,414,286 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 29,418,585 shares of the company’s stock, valued at approximately $383,029,976.70. This trade represents a 24.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Federated Hermes Inc. bought a new stake in Pattern Group during the 3rd quarter worth $247,000. Teacher Retirement System of Texas acquired a new position in Pattern Group during the 3rd quarter worth approximately $2,740,000. SG Americas Securities LLC purchased a new stake in shares of Pattern Group in the third quarter worth approximately $168,000. Copia Wealth Management purchased a new stake in shares of Pattern Group in the third quarter worth approximately $294,000. Finally, Steadview Capital Management LLC bought a new position in shares of Pattern Group in the third quarter valued at approximately $5,480,000.

Pattern Group Price Performance

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.