Pattern Group Inc. (NASDAQ:PTRN) Receives $20.78 Consensus PT from Analysts

Shares of Pattern Group Inc. (NASDAQ:PTRN) have been given an average rating of “Buy” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating 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 research firms have recently weighed in on PTRN. Stifel Nicolaus set a $22.00 price objective on Pattern Group in a research note on Thursday, November 6th. William Blair initiated coverage on shares of Pattern Group in a report on Tuesday, October 14th. They issued an “outperform” rating on the stock. The Goldman Sachs Group started coverage on shares of Pattern Group in a research note on Tuesday, October 14th. They set a “buy” rating and a $17.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Pattern Group from $18.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, Needham & Company LLC lifted their target price on shares of Pattern Group from $18.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 6th.

Pattern Group Trading Down 1.7%

Shares of NASDAQ PTRN opened at $17.46 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 issued its earnings results on Wednesday, November 5th. 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 analyst estimates 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 company’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 completion of the sale, the chief executive officer owned 29,418,585 shares of the company’s stock, valued at $383,029,976.70. This represents a 24.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel Gay sold 1,300,000 shares of the stock in a transaction dated 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 completion of the sale, 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 position. The SEC filing for this sale provides additional information.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in Pattern Group during the 3rd quarter valued at $89,000. SG Americas Securities LLC purchased a new position in Pattern Group in the 3rd quarter valued at about $168,000. Greenland Capital Management LP acquired a new stake in shares of Pattern Group during the third quarter valued at about $174,000. Two Sigma Investments LP purchased a new stake in shares of Pattern Group during the third quarter worth about $240,000. Finally, Federated Hermes Inc. acquired a new position in shares of Pattern Group in the third quarter worth about $247,000.

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.