Pattern Group (NASDAQ:PTRN) Issues Earnings Results, Beats Expectations By $0.06 EPS

Pattern Group (NASDAQ:PTRN) issued its quarterly earnings data on Wednesday. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06, Zacks reports. The company’s quarterly revenue was up 43.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS.

Here are the key takeaways from Pattern Group’s conference call:

• Pattern reported a strong Q1 with revenue up 43% to $774M and adjusted EBITDA up 59% to $54M, and it raised full‑year guidance to about $3.3B revenue (+32% YoY) and ~$200M adjusted EBITDA.
• Key operating metrics show durable health and diversification — NRR reached a record 127%, international revenue grew 101%, non‑Amazon revenue grew 119%, and other monetization grew 173% YoY.
• The company emphasizes a technology and scale advantage — combining AI, logistics, marketplace execution and social commerce (named TikTok Shop strategic partner of the year) to drive conversion, faster delivery and product localization.
• Pattern is materially increasing tech investment (R&D excluding SBC up 77% to $10.1M) and expects near‑term expense pressure from R&D, marketing for its May “Accelerate” event, and startup costs for an East Coast facility that may weigh on quarterly margins.
• Balance sheet and risks — the company ended Q1 with $344M cash, no debt and $150M revolver capacity and generated $124M operating cash flow (TTM), while noting macro risks (Middle East volatility and marketplace fuel surcharges) that it says can largely be passed through.

Pattern Group Stock Performance

Shares of NASDAQ:PTRN traded up $0.24 on Wednesday, hitting $14.25. The company’s stock had a trading volume of 1,965,162 shares, compared to its average volume of 618,913. The company has a 50-day simple moving average of $12.27 and a 200 day simple moving average of $13.33. Pattern Group has a 1 year low of $8.92 and a 1 year high of $20.10.

Hedge Funds Weigh In On Pattern Group

Several institutional investors have recently modified their holdings of PTRN. Federation des caisses Desjardins du Quebec bought a new position in shares of Pattern Group during the 4th quarter valued at about $58,000. Susquehanna International Group LLP bought a new position in shares of Pattern Group during the 3rd quarter valued at about $137,000. Hsbc Holdings PLC bought a new position in shares of Pattern Group during the 4th quarter valued at about $188,000. Barclays PLC increased its position in shares of Pattern Group by 25.2% during the 4th quarter. Barclays PLC now owns 16,652 shares of the company’s stock valued at $192,000 after purchasing an additional 3,352 shares during the last quarter. Finally, Prelude Capital Management LLC bought a new position in shares of Pattern Group during the 3rd quarter valued at about $228,000.

Pattern Group announced that its board has authorized a stock repurchase plan on Thursday, March 5th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $22.00 price objective on shares of Pattern Group in a report on Thursday, January 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Pattern Group in a report on Monday, March 23rd. Stifel Nicolaus dropped their price objective on Pattern Group from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, March 6th. JPMorgan Chase & Co. lowered their price target on Pattern Group from $21.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, March 6th. Finally, Robert W. Baird lowered their price target on Pattern Group from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.22.

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.