Robert W. Baird Forecasts Strong Price Appreciation for Pattern Group (NASDAQ:PTRN) Stock

Pattern Group (NASDAQ:PTRN) had its price objective hoisted by equities research analysts at Robert W. Baird from $18.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 28.73% from the stock’s previous close.

PTRN has been the topic of a number of other research reports. William Blair initiated coverage on shares of Pattern Group in a report on Tuesday, October 14th. They set an “outperform” rating on the stock. Zacks Research raised Pattern Group to a “hold” rating in a report on Wednesday, October 15th. Baird R W raised Pattern Group to a “strong-buy” rating in a research note on Tuesday, October 14th. BMO Capital Markets raised their price objective on Pattern Group from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, KeyCorp upped their target price on Pattern Group from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $20.78.

Pattern Group Price Performance

Shares of Pattern Group stock opened at $17.09 on Thursday. Pattern Group has a fifty-two week low of $12.00 and a fifty-two week high of $20.10.

Pattern Group (NASDAQ:PTRN) last released 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 Pattern Group news, CEO David K. Wright sold 9,414,286 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Gay sold 1,300,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $13.02, for a total transaction of $16,926,000.00. Following the sale, the director directly owned 829,475 shares of the company’s stock, valued at approximately $10,799,764.50. This trade represents a 61.05% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Inflows and Outflows

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