Pattern Group (NASDAQ:PTRN) Shares Down 6.7% – Here’s What Happened

Posted by Geri Gentry on Aug 16th, 2026

Pattern Group Inc. (NASDAQ:PTRN – Get Free Report) shares traded down 6.7% during mid-day trading on Friday . The company traded as low as $21.26 and last traded at $21.2990. 1,003,196 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 1,450,876 shares. The stock had previously closed at $22.82.

Analyst Ratings Changes

A number of research analysts have weighed in on PTRN shares. The Goldman Sachs Group reiterated a “buy” rating and set a $31.00 price objective on shares of Pattern Group in a research report on Thursday, August 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $28.00 price target on shares of Pattern Group in a research note on Thursday, August 6th. Jefferies Financial Group downgraded shares of Pattern Group from a “buy” rating to a “hold” rating and upped their price target for the company from $21.00 to $30.00 in a report on Tuesday, July 14th. Wall Street Zen raised shares of Pattern Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Robert W. Baird set a $26.00 price objective on shares of Pattern Group in a research note on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Pattern Group presently has an average rating of “Moderate Buy” and an average target price of $27.00.

Read Our Latest Research Report on Pattern Group

Pattern Group Stock Down 6.0%

The firm has a market cap of $3.34 billion and a PE ratio of -12.47. The business has a 50 day simple moving average of $23.90 and a two-hundred day simple moving average of $17.24.

Pattern Group (NASDAQ:PTRN – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $876.77 million during the quarter. Pattern Group had a negative net margin of 4.57% and a negative return on equity of 318.79%. Equities analysts forecast that Pattern Group Inc. will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Pattern Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC raised its stake in shares of Pattern Group by 222.0% during the fourth quarter. Clearstead Advisors LLC now owns 2,373 shares of the company’s stock valued at $27,000 after acquiring an additional 1,636 shares in the last quarter. Roxbury Financial LLC purchased a new position in Pattern Group during the 1st quarter worth $40,000. Federation des caisses Desjardins du Quebec bought a new stake in Pattern Group during the 4th quarter valued at $58,000. Susquehanna International Group LLP purchased a new stake in shares of Pattern Group in the 3rd quarter worth $137,000. Finally, Jacobs Equity LLC purchased a new stake in shares of Pattern Group in the 4th quarter worth $151,000.

Pattern Group Company Profile

(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.