Needham & Company LLC Forecasts Strong Price Appreciation for Pattern Group (NASDAQ:PTRN) Stock

Pattern Group (NASDAQ:PTRN) had its target price boosted by equities research analysts at Needham & Company LLC from $18.00 to $22.00 in a note issued to investors on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 28.73% from the company’s previous close.

PTRN has been the topic of several other reports. Baird R W raised Pattern Group to a “strong-buy” rating in a research report on Tuesday, October 14th. Stifel Nicolaus assumed coverage on shares of Pattern Group in a research note on Tuesday, October 14th. They set a “buy” rating and a $18.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Pattern Group in a research note on Tuesday, October 14th. They issued an “overweight” rating and a $18.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Pattern Group in a report on Tuesday, October 14th. They set a “buy” rating and a $18.00 price target for the company. Finally, Evercore ISI initiated coverage on shares of Pattern Group in a report on Tuesday, October 14th. They issued an “outperform” rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Pattern Group currently has a consensus rating of “Buy” and a consensus target price of $20.78.

Pattern Group Stock Performance

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

Pattern Group (NASDAQ:PTRN) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($2.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.71) by $0.52. The company had revenue of $639.66 million during the quarter, compared to analyst estimates of $570.78 million. Pattern Group has set its Q4 2025 guidance at EPS.

Insider Activity at Pattern Group

In other news, Director Daniel Gay sold 1,300,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $13.02, for a total transaction of $16,926,000.00. Following the completion of the transaction, the director owned 829,475 shares of the company’s stock, valued at approximately $10,799,764.50. The trade was a 61.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David K. Wright sold 9,414,286 shares of the 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 transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information.

Institutional Trading of Pattern Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in Pattern Group during the third quarter worth about $20,640,000. PNC Financial Services Group Inc. acquired a new position in shares of Pattern Group in the 3rd quarter worth approximately $89,000. Federated Hermes Inc. bought a new stake in shares of Pattern Group in the 3rd quarter worth approximately $247,000. Copia Wealth Management bought a new stake in shares of Pattern Group in the 3rd quarter worth approximately $294,000. Finally, Teacher Retirement System of Texas acquired a new stake in Pattern Group during the third 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.