Pattern Group (NASDAQ:PTRN) Stock Price Down 11.9% – Time to Sell?

Pattern Group Inc. (NASDAQ:PTRN) shares were down 11.9% on Friday . The stock traded as low as $15.81 and last traded at $16.02. Approximately 492,117 shares were traded during trading, a decline of 59% from the average daily volume of 1,202,895 shares. The stock had previously closed at $18.19.

Analysts Set New Price Targets

Several research analysts have commented on PTRN shares. Baird R W raised shares of Pattern Group to a “strong-buy” rating in a report on Tuesday, October 14th. KeyCorp raised their price target on Pattern Group from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday. Needham & Company LLC lifted their price objective on Pattern Group from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group assumed coverage on Pattern Group in a research report on Tuesday, October 14th. They set a “buy” rating and a $17.00 target price for the company. Finally, Stifel Nicolaus set a $22.00 price target on shares of Pattern Group in a research note on Thursday. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $20.78.

Pattern Group Stock Performance

Pattern Group (NASDAQ:PTRN) last posted its quarterly earnings data 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 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 Activity at Pattern Group

In other Pattern Group 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 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 legal filing with the SEC, which is available through this hyperlink. Also, CEO David K. Wright sold 9,414,286 shares of Pattern Group stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $13.02, for a total value of $122,574,003.72. Following the sale, 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 Inflows and Outflows

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