Pattern Group Inc. (NASDAQ:PTRN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Pattern Group Inc. (NASDAQ:PTRN) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.00.

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Pattern Group from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. KeyCorp raised their target price on shares of Pattern Group from $20.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $28.00 price target on shares of Pattern Group in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Pattern Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Robert W. Baird set a $26.00 price target on shares of Pattern Group in a research note on Thursday, August 6th.

Pattern Group Price Performance

NASDAQ PTRN opened at $21.44 on Monday. The company has a fifty day moving average of $23.90 and a two-hundred day moving average of $17.24. The company has a market capitalization of $3.34 billion and a PE ratio of -12.47. Pattern Group has a 1 year low of $8.92 and a 1 year high of $29.80.

Pattern Group (NASDAQ:PTRN) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $876.77 million during the quarter. Pattern Group had a negative return on equity of 318.79% and a negative net margin of 4.57%. On average, research analysts expect that Pattern Group will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Pattern Group

Institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC lifted its position in Pattern Group by 222.0% during the 4th quarter. Clearstead Advisors LLC now owns 2,373 shares of the company’s stock worth $27,000 after acquiring an additional 1,636 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Pattern Group during the first quarter worth $40,000. Barclays PLC lifted its holdings in shares of Pattern Group by 25.2% during the fourth quarter. Barclays PLC now owns 16,652 shares of the company’s stock worth $192,000 after purchasing an additional 3,352 shares during the period. Federation des caisses Desjardins du Quebec purchased a new position in Pattern Group in the 4th quarter valued at $58,000. Finally, Susquehanna International Group LLP acquired a new position in Pattern Group in the 3rd quarter valued at $137,000.

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.