Pattern Group (NASDAQ:PTRN) Price Target Raised to $22.00 at Needham & Company LLC

by · The Cerbat Gem

Pattern Group (NASDAQ:PTRN – Free Report) had its price objective boosted by Needham & Company LLC from $18.00 to $22.00 in a report published on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. William Blair began coverage on shares of Pattern Group in a research report on Tuesday, October 14th. They issued an “outperform” rating on the stock. Zacks Research upgraded shares of Pattern Group to a “hold” rating in a report on Wednesday, October 15th. Stifel Nicolaus initiated coverage on shares of Pattern Group in a research report on Tuesday, October 14th. They set a “buy” rating and a $18.00 price objective for the company. Evercore ISI began coverage on Pattern Group in a research report on Tuesday, October 14th. They set an “outperform” rating and a $19.00 target price on the stock. Finally, BMO Capital Markets initiated coverage on Pattern Group in a research report on Tuesday, October 14th. They issued an “outperform” rating and a $19.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $20.78.

Get Our Latest Research Report on Pattern Group

Pattern Group Trading Down 6.0%

Pattern Group stock traded down $1.10 during trading hours on Thursday, hitting $17.09. The company 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 – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($2.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.52. The company had revenue of $639.66 million during the quarter, compared to analyst estimates of $570.78 million. Pattern Group has set its Q4 2025 guidance at EPS.

Insider Activity at Pattern Group

In other news, 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 approximately $10,799,764.50. This represents a 61.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David K. Wright sold 9,414,286 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $13.02, for a total value of $122,574,003.72. Following the completion of the sale, the chief executive officer directly owned 29,418,585 shares in the company, valued at approximately $383,029,976.70. This represents a 24.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On Pattern Group

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in Pattern Group during the 3rd quarter worth about $20,640,000. Steadview Capital Management LLC acquired a new stake in shares of Pattern Group during the 3rd quarter worth approximately $5,480,000. Teacher Retirement System of Texas bought a new stake in shares of Pattern Group during the third quarter worth approximately $2,740,000. Copia Wealth Management bought a new stake in shares of Pattern Group during the third quarter worth approximately $294,000. Finally, Federated Hermes Inc. acquired a new position in Pattern Group in the third quarter valued at approximately $247,000.

About Pattern Group

(Get 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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