Teacher Retirement System of Texas Takes $2.74 Million Position in Pattern Group Inc. $PTRN

by · The Cerbat Gem

Teacher Retirement System of Texas purchased a new stake in shares of Pattern Group Inc. (NASDAQ:PTRNFree Report) during the 3rd quarter, Holdings Channel reports. The fund purchased 200,000 shares of the company’s stock, valued at approximately $2,740,000.

Separately, Steadview Capital Management LLC purchased a new position in Pattern Group during the 3rd quarter valued at about $5,480,000.

Pattern Group Trading Up 2.2%

Shares of PTRN opened at $15.96 on Friday. The firm has a market cap of $2.47 billion and a price-to-earnings ratio of -7.29. The business’s fifty day simple moving average is $13.38. Pattern Group Inc. has a 12 month low of $11.21 and a 12 month high of $20.10.

Pattern Group (NASDAQ:PTRNGet Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($2.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.52. The business had revenue of $639.66 million during the quarter, compared to the consensus estimate of $570.78 million.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Pattern Group from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Jefferies Financial Group set a $20.00 target price on shares of Pattern Group in a research report on Thursday, December 11th. Stifel Nicolaus set a $22.00 target price on shares of Pattern Group in a research note on Thursday, November 6th. Evercore ISI set a $23.00 price target on shares of Pattern Group and gave the company an “outperform” rating in a report on Thursday, November 6th. Finally, KeyCorp upped their price target on shares of Pattern Group from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Get Our Latest Stock Analysis on PTRN

Pattern Group Profile

(Free Report)

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.

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