JPMorgan Chase & Co. Boosts Pattern Group (NASDAQ:PTRN) Price Target to $21.00

Pattern Group (NASDAQ:PTRN) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from $18.00 to $21.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 22.88% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on PTRN. Jefferies Financial Group started coverage on shares of Pattern Group in a report on Tuesday, October 14th. They set a “buy” rating and a $18.00 price target for the company. William Blair initiated coverage on Pattern Group in a research report on Tuesday, October 14th. They set an “outperform” rating for the company. Baird R W raised Pattern Group to a “strong-buy” rating in a report on Tuesday, October 14th. BMO Capital Markets lifted their price target on Pattern Group from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus set a $22.00 price target on Pattern Group in a report on Thursday. One equities research 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 company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $20.78.

Pattern Group Stock Performance

Shares of PTRN stock opened at $17.09 on Thursday. Pattern Group has a 12 month low of $12.00 and a 12 month high of $20.10.

Pattern Group (NASDAQ:PTRN) last issued its quarterly earnings data 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 firm 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 Buying and Selling

In related news, Director Daniel Gay sold 1,300,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $10,799,764.50. This represents a 61.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David K. Wright sold 9,414,286 shares of the company’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 transaction, the chief executive officer owned 29,418,585 shares of the company’s stock, valued at $383,029,976.70. The trade was a 24.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On Pattern Group

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new position in shares of Pattern Group in the 3rd quarter valued at $89,000. SG Americas Securities LLC acquired a new stake in shares of Pattern Group during the 3rd quarter valued at about $168,000. Federated Hermes Inc. bought a new stake in Pattern Group in the third quarter valued at about $247,000. Copia Wealth Management acquired a new position in Pattern Group in the third quarter worth about $294,000. Finally, Teacher Retirement System of Texas bought a new position in Pattern Group during the third quarter worth about $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.