Pattern Group (NASDAQ:PTRN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Pattern Group (NASDAQ:PTRN) had its price target lifted by investment analysts at BMO Capital Markets from $19.00 to $22.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 28.73% from the company’s previous close.

Several other research firms also recently weighed in on PTRN. Jefferies Financial Group began coverage on shares of Pattern Group in a research note on Tuesday, October 14th. They issued a “buy” rating and a $18.00 target price for the company. Stifel Nicolaus initiated coverage on shares of Pattern Group in a report on Tuesday, October 14th. They issued a “buy” rating and a $18.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Pattern Group in a report on Tuesday, October 14th. They set a “buy” rating and a $17.00 target price on the stock. Wall Street Zen upgraded Pattern Group to a “hold” rating in a research report on Saturday, October 11th. Finally, KeyCorp lifted their price target on Pattern Group from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $20.78.

Pattern Group Stock Down 6.0%

NASDAQ:PTRN opened at $17.09 on Thursday. Pattern Group has a 1 year low of $12.00 and a 1 year high of $20.10.

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

Insider Transactions at Pattern Group

In other news, CEO David K. Wright sold 9,414,286 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was 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. The trade was a 24.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Gay sold 1,300,000 shares of the firm’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 $16,926,000.00. Following the completion of the sale, the director directly owned 829,475 shares in the company, valued at $10,799,764.50. This represents a 61.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On Pattern Group

A number of institutional investors have recently made changes to their positions in PTRN. PNC Financial Services Group Inc. purchased a new stake in shares of Pattern Group during the 3rd quarter valued at $89,000. SG Americas Securities LLC purchased a new position in Pattern Group in the third quarter worth $168,000. Federated Hermes Inc. bought a new position in Pattern Group in the third quarter valued at $247,000. Copia Wealth Management purchased a new stake in Pattern Group during the third quarter valued at about $294,000. Finally, Teacher Retirement System of Texas bought a new stake in Pattern Group during the third quarter worth about $2,740,000.

About Pattern Group

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.