Pattern Group Inc. $PTRN Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in Pattern Group Inc. (NASDAQ:PTRN) by 44.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118,097 shares of the company’s stock after purchasing an additional 36,539 shares during the quarter. Public Employees Retirement System of Ohio owned 0.08% of Pattern Group worth $1,468,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PTRN. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Pattern Group during the first quarter worth $561,000. Sei Investments Co. increased its stake in Pattern Group by 43.7% in the 1st quarter. Sei Investments Co. now owns 102,721 shares of the company’s stock valued at $1,277,000 after buying an additional 31,223 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Pattern Group by 1.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,101,545 shares of the company’s stock valued at $25,723,000 after buying an additional 23,589 shares during the period. Wasatch Advisors LP raised its position in Pattern Group by 21.8% during the 1st quarter. Wasatch Advisors LP now owns 2,442,394 shares of the company’s stock worth $30,359,000 after buying an additional 436,870 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new position in Pattern Group during the 1st quarter worth $40,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on PTRN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pattern Group in a report on Thursday, June 18th. Needham & Company LLC raised their price objective on shares of Pattern Group from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group lowered Pattern Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $21.00 to $30.00 in a report on Tuesday, July 14th. The Goldman Sachs Group reiterated a “buy” rating and set a $27.00 target price on shares of Pattern Group in a research report on Monday, June 29th. Finally, Wall Street Zen raised Pattern Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Pattern Group presently has an average rating of “Moderate Buy” and an average price target of $22.89.

Pattern Group Price Performance

NASDAQ:PTRN opened at $23.02 on Monday. Pattern Group Inc. has a fifty-two week low of $8.92 and a fifty-two week high of $29.80. The stock has a market cap of $3.57 billion and a PE ratio of -12.31. The firm’s fifty day simple moving average is $23.25 and its 200-day simple moving average is $16.65.

Pattern Group (NASDAQ:PTRN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. The company had revenue of $773.73 million during the quarter, compared to analyst estimates of $715.90 million. The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter last year, the business earned $0.17 EPS. Equities analysts anticipate that Pattern Group Inc. will post 0.56 earnings per share for the current year.

Insider Transactions at Pattern Group

In other Pattern Group news, Director Ann Mather sold 5,301 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $16.51, for a total value of $87,519.51. Following the completion of the transaction, the director directly owned 31,509 shares of the company’s stock, valued at approximately $520,213.59. This trade represents a 14.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 70.97% of the company’s stock.

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.