BMO Capital Markets Forecasts Strong Price Appreciation for Pattern Group (NASDAQ:PTRN) Stock

Pattern Group (NASDAQ:PTRN) had its price target lifted by BMO Capital Markets from $19.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 19.89% from the company’s previous close.

PTRN has been the topic of a number of other reports. Evercore ISI initiated coverage on shares of Pattern Group in a research report on Tuesday, October 14th. They issued an “outperform” rating and a $19.00 price objective on the stock. Wall Street Zen upgraded shares of Pattern Group to a “hold” rating in a research note on Saturday, October 11th. Zacks Research raised Pattern Group to a “hold” rating in a report on Wednesday, October 15th. The Goldman Sachs Group assumed coverage on Pattern Group in a report on Tuesday, October 14th. They set a “buy” rating and a $17.00 price target for the company. Finally, Stifel Nicolaus assumed coverage on Pattern Group in a report on Tuesday, October 14th. They issued a “buy” rating and a $18.00 price objective on the stock. One 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 stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $19.11.

Pattern Group Trading Up 1.7%

Shares of PTRN opened at $18.35 on Thursday. Pattern Group has a 1 year low of $12.00 and a 1 year high of $18.95.

Pattern Group (NASDAQ:PTRN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($2.19) EPS for the quarter, beating the consensus estimate of ($2.71) by $0.52. Pattern Group has set its Q4 2025 guidance at EPS.

Insider Activity at Pattern Group

In other Pattern Group news, Director Daniel Gay sold 1,300,000 shares of the 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David K. Wright sold 9,414,286 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 29,418,585 shares of the company’s stock, valued at approximately $383,029,976.70. This represents a 24.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Hedge Funds Weigh In On Pattern Group

A number of large investors have recently bought and sold shares of PTRN. SG Americas Securities LLC acquired a new stake in shares of Pattern Group in the 3rd quarter worth $168,000. Federated Hermes Inc. purchased a new position in Pattern Group during the third quarter worth about $247,000. Copia Wealth Management acquired a new stake in Pattern Group in the third quarter valued at about $294,000. Teacher Retirement System of Texas acquired a new stake in Pattern Group in the third quarter valued at about $2,740,000. Finally, Steadview Capital Management LLC purchased a new stake in Pattern Group in the 3rd quarter valued at approximately $5,480,000.

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.