Pattern Group Inc. (NASDAQ:PTRN - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $16.55 and last traded at $16.42, with a volume of 2248325 shares. The stock had previously closed at $13.99.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Needham & Company LLC assumed coverage on Pattern Group in a research note on Tuesday, October 14th. They issued a "buy" rating and a $18.00 price objective on the stock. Zacks Research upgraded Pattern Group to a "hold" rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. assumed coverage on Pattern Group in a research note on Tuesday, October 14th. They set an "overweight" rating and a $18.00 price target on the stock. Stifel Nicolaus assumed coverage on Pattern Group in a research note on Tuesday, October 14th. They set a "buy" rating and a $18.00 price target on the stock. Finally, Baird R W upgraded Pattern Group to a "strong-buy" rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $18.11.
View Our Latest Stock Report on Pattern Group
Pattern Group Price Performance
Insider Buying and Selling
In other Pattern Group news, CEO David K. Wright sold 9,414,286 shares of Pattern Group 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 $122,574,003.72. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Gay sold 1,300,000 shares of Pattern Group stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $13.02, for a total value of $16,926,000.00. Following the sale, the director directly owned 829,475 shares in the company, valued at $10,799,764.50. The trade was a 61.05% decrease in their ownership of the stock. The disclosure for this sale can be found here.
Institutional Investors Weigh In On Pattern Group
A hedge fund recently bought a new stake in Pattern Group stock. SG Americas Securities LLC acquired a new stake in shares of Pattern Group Inc. (NASDAQ:PTRN - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,281 shares of the company's stock, valued at approximately $168,000.
About Pattern Group
(
Get Free Report)
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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