Pattern Group Inc. $PTRN Shares Bought by Sei Investments Co.

Sei Investments Co. increased its position in Pattern Group Inc. (NASDAQ:PTRN) by 43.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,721 shares of the company’s stock after acquiring an additional 31,223 shares during the period. Sei Investments Co. owned approximately 0.07% of Pattern Group worth $1,277,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of Pattern Group by 1.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,101,545 shares of the company’s stock valued at $25,723,000 after buying an additional 23,589 shares in the last quarter. Wasatch Advisors LP raised its position in Pattern Group by 21.8% during the first quarter. Wasatch Advisors LP now owns 2,442,394 shares of the company’s stock worth $30,359,000 after acquiring an additional 436,870 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Pattern Group in the first quarter valued at approximately $40,000. Hsbc Holdings PLC acquired a new position in shares of Pattern Group during the 4th quarter worth approximately $188,000. Finally, Jacobs Equity LLC purchased a new position in Pattern Group during the fourth quarter worth $151,000.

Insiders Place Their Bets

In other Pattern Group news, Director Ann Mather sold 5,301 shares of Pattern Group stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $16.51, for a total transaction of $87,519.51. Following the transaction, the director directly owned 31,509 shares of the company’s stock, valued at $520,213.59. The trade was a 14.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 70.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PTRN. Evercore reiterated an “outperform” rating and set a $29.00 price objective on shares of Pattern Group in a research report on Thursday, August 6th. KeyCorp upped their price objective on shares of Pattern Group from $20.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on shares of Pattern Group from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating and set a $28.00 price objective on shares of Pattern Group in a report on Thursday, August 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $31.00 target price on shares of Pattern Group in a research note on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Pattern Group Stock Up 5.9%

Shares of NASDAQ PTRN opened at $22.36 on Wednesday. The stock has a market capitalization of $3.48 billion and a PE ratio of -13.00. The firm has a fifty day moving average of $23.77 and a 200-day moving average of $17.10. Pattern Group Inc. has a 52-week low of $8.92 and a 52-week high of $29.80.

Pattern Group (NASDAQ:PTRN) last posted its quarterly 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 return on equity of 475.61% and a negative net margin of 4.57%. Equities research analysts expect that Pattern Group Inc. will post 0.6 EPS for the current fiscal year.

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.