Pattern Group (NASDAQ:PTRN) Stock Price Down 8.1% – Here’s What Happened

Pattern Group Inc. (NASDAQ:PTRN) fell 8.1% during mid-day trading on Monday . The stock traded as low as $16.01 and last traded at $16.04. 368,294 shares were traded during trading, a decline of 67% from the average session volume of 1,113,235 shares. The stock had previously closed at $17.46.

Analyst Upgrades and Downgrades

PTRN has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Pattern Group from $18.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Evercore ISI set a $23.00 price objective on Pattern Group and gave the stock an “outperform” rating in a research note on Thursday, November 6th. BMO Capital Markets boosted their target price on shares of Pattern Group from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Jefferies Financial Group started coverage on shares of Pattern Group in a report on Tuesday, October 14th. They set a “buy” rating and a $18.00 target price on the stock. Finally, Wall Street Zen raised shares of Pattern Group to a “hold” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Pattern Group currently has a consensus rating of “Buy” and an average price target of $20.78.

Pattern Group Stock Performance

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

Insider Transactions at Pattern Group

In other Pattern Group news, Director Daniel Gay sold 1,300,000 shares of the business’s stock in a transaction dated 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 directly owned 829,475 shares of the company’s stock, valued at $10,799,764.50. The trade was a 61.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David K. Wright sold 9,414,286 shares of the firm’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 transaction of $122,574,003.72. Following the completion of the sale, the chief executive officer owned 29,418,585 shares in the company, valued at $383,029,976.70. The trade was a 24.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Trading of Pattern Group

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