Pattern Group Inc. (NASDAQ:PTRN) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Twelve analysts assign Pattern Group a consensus rating of "Moderate Buy" (10 buys, 1 hold, 1 sell) with an average 12‑month price target of $20.22.
• Pattern Group beat Q results (EPS $0.16 vs $0.12 expected) and reported revenue of $723.1M, up 40.3% year‑over‑year, and the board authorized a $100 million share repurchase (up to 5.6% of shares).
• Shares trade well below analyst targets—opened at $11.94 with a 1‑year range of $8.92–$20.10—and the company has a market cap of $1.85B and a trailing P/E of -5.88.

Shares of Pattern Group Inc. (NASDAQ:PTRN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.2222.

A number of equities analysts have weighed in on PTRN shares. Stifel Nicolaus reduced their price objective on Pattern Group from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Robert W. Baird lowered their target price on Pattern Group from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, March 6th. JPMorgan Chase & Co. reduced their price target on Pattern Group from $21.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, March 6th. Jefferies Financial Group set a $20.00 price target on Pattern Group in a report on Thursday, December 11th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Pattern Group in a research report on Wednesday, December 24th.

Pattern Group Price Performance

NASDAQ:PTRN opened at $11.94 on Friday. The business has a fifty day simple moving average of $12.43. Pattern Group has a 1-year low of $8.92 and a 1-year high of $20.10. The firm has a market capitalization of $1.85 billion and a price-to-earnings ratio of -5.88.

Pattern Group (NASDAQ:PTRN - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The business had revenue of $723.10 million for the quarter, compared to analyst estimates of $691.35 million. The business's revenue was up 40.3% compared to the same quarter last year.

Pattern Group declared that its board has authorized a share repurchase plan on Thursday, March 5th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 5.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Pattern Group

A number of institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas purchased a new position in shares of Pattern Group in the 3rd quarter valued at about $2,740,000. Monashee Investment Management LLC purchased a new position in Pattern Group during the third quarter worth approximately $2,055,000. Westfield Capital Management Co. LP acquired a new stake in Pattern Group in the third quarter valued at approximately $15,562,000. Steadview Capital Management LLC acquired a new stake in Pattern Group in the third quarter valued at approximately $5,480,000. Finally, Capital World Investors purchased a new stake in shares of Pattern Group in the third quarter valued at approximately $23,975,000.

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.

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