Pattern Group (NASDAQ:PTRN) Shares Down 11.9% – Should You Sell?

Pattern Group Inc. (NASDAQ:PTRN)’s stock price fell 11.9% during trading on Friday . The company traded as low as $15.81 and last traded at $16.02. 492,117 shares were traded during trading, a decline of 59% from the average session volume of 1,202,895 shares. The stock had previously closed at $18.19.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PTRN shares. Baird R W raised shares of Pattern Group to a “strong-buy” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group started coverage on Pattern Group in a report on Tuesday, October 14th. They issued a “buy” rating and a $17.00 target price for the company. Jefferies Financial Group began coverage on Pattern Group in a report on Tuesday, October 14th. They set a “buy” rating and a $18.00 price target on the stock. Robert W. Baird boosted their target price on Pattern Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of Pattern Group from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $20.78.

Pattern Group Price Performance

Pattern Group (NASDAQ:PTRN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($2.19) earnings per share for the quarter, topping the consensus estimate of ($2.71) by $0.52. The business 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.

Insider Transactions at Pattern Group

In other news, CEO David K. Wright sold 9,414,286 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Gay sold 1,300,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $13.02, for a total value of $16,926,000.00. Following the transaction, the director owned 829,475 shares of the company’s stock, valued at approximately $10,799,764.50. This trade represents a 61.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in Pattern Group in the 3rd quarter worth $89,000. SG Americas Securities LLC purchased a new position in shares of Pattern Group in the third quarter valued at about $168,000. Federated Hermes Inc. bought a new position in shares of Pattern Group in the third quarter worth about $247,000. Copia Wealth Management bought a new stake in Pattern Group during the 3rd quarter valued at approximately $294,000. Finally, Teacher Retirement System of Texas bought a new stake in Pattern Group during the 3rd quarter valued at approximately $2,740,000.

About Pattern Group

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.