Pattern Group (NASDAQ:PTRN) Price Target Raised to $22.00 at Robert W. Baird

Pattern Group (NASDAQ:PTRN) had its target price increased by Robert W. Baird from $18.00 to $22.00 in a research note published on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Pattern Group to a “hold” rating in a research report on Saturday, October 11th. Zacks Research raised shares of Pattern Group to a “hold” rating in a report on Wednesday, October 15th. William Blair initiated coverage on Pattern Group in a research note on Tuesday, October 14th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. assumed coverage on Pattern Group in a report on Tuesday, October 14th. They set an “overweight” rating and a $18.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on Pattern Group in a report on Tuesday, October 14th. They issued a “buy” rating and a $18.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $20.78.

Pattern Group Trading Down 6.0%

Shares of PTRN traded down $1.10 during mid-day trading on Thursday, hitting $17.09. The stock had a trading volume of 1,032,428 shares, compared to its average volume of 1,220,334. Pattern Group has a fifty-two week low of $12.00 and a fifty-two week high of $20.10.

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

Insider Buying and Selling

In other news, CEO David K. Wright sold 9,414,286 shares of Pattern Group stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $13.02, for a total transaction of $122,574,003.72. Following the sale, the chief executive officer owned 29,418,585 shares of the company’s stock, valued at approximately $383,029,976.70. The trade was a 24.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel Gay sold 1,300,000 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 $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. 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

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

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.