KeyCorp Issues Positive Forecast for Pattern Group (NASDAQ:PTRN) Stock Price

Pattern Group (NASDAQ:PTRN) had its target price raised by KeyCorp from $18.00 to $20.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also weighed in on PTRN. The Goldman Sachs Group started coverage on shares of Pattern Group in a report on Tuesday, October 14th. They issued a “buy” rating and a $17.00 price target for the company. Evercore ISI began 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. Wall Street Zen raised Pattern Group to a “hold” rating in a research report on Saturday, October 11th. Jefferies Financial Group began coverage on Pattern Group in a research note on Tuesday, October 14th. They issued a “buy” rating and a $18.00 price target for the company. Finally, William Blair started coverage on Pattern Group in a report on Tuesday, October 14th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $20.78.

Pattern Group Stock Down 6.0%

Shares of NASDAQ:PTRN traded down $1.10 during midday trading on Thursday, reaching $17.09. 1,032,428 shares of the company’s stock were exchanged, compared to its average volume of 853,709. Pattern Group has a 12 month low of $12.00 and a 12 month high of $20.10.

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

Insiders Place Their Bets

In other Pattern Group news, Director Daniel Gay sold 1,300,000 shares of the company’s stock in a transaction dated 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 owned 829,475 shares of the company’s stock, valued at $10,799,764.50. This represents a 61.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David K. Wright sold 9,414,286 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $13.02, for a total transaction of $122,574,003.72. Following the completion of the transaction, the chief executive officer owned 29,418,585 shares of the company’s stock, valued at approximately $383,029,976.70. This trade represents a 24.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Institutional Trading of Pattern Group

A number of large investors have recently bought and sold shares of PTRN. SG Americas Securities LLC acquired a new position in Pattern Group in the third quarter valued at approximately $168,000. Steadview Capital Management LLC purchased a new stake in shares of Pattern Group during the 3rd quarter valued at $5,480,000. Teacher Retirement System of Texas purchased a new stake in shares of Pattern Group during the 3rd quarter worth approximately $2,740,000. Copia Wealth Management bought a new stake in Pattern Group in the 3rd quarter valued at about $294,000. Finally, Federated Hermes Inc. bought a new position in shares of Pattern Group in the third quarter worth $247,000.

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.