Brokerages Set Pattern Group Inc. (NASDAQ:PTRN) Target Price at $21.00

Shares of Pattern Group Inc. (NASDAQ:PTRN) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $21.00.

Several analysts have recently commented on the company. Robert W. Baird raised their target price on Pattern Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Evercore ISI set a $23.00 price objective on Pattern Group and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Pattern Group in a report on Thursday, January 15th. Jefferies Financial Group set a $20.00 price target on shares of Pattern Group in a research report on Thursday, December 11th. Finally, Zacks Research upgraded shares of Pattern Group to a “hold” rating in a report on Wednesday, October 15th.

Pattern Group Stock Performance

Pattern Group stock opened at $14.27 on Thursday. Pattern Group has a fifty-two week low of $11.21 and a fifty-two week high of $20.10. The stock has a 50 day moving average price of $13.35. The stock has a market capitalization of $2.21 billion and a P/E ratio of -6.52.

Pattern Group (NASDAQ:PTRN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($2.19) EPS for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.52. The firm had revenue of $639.66 million during the quarter, compared to analyst estimates of $570.78 million.

Hedge Funds Weigh In On Pattern Group

A number of hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new position in shares of Pattern Group during the 3rd quarter valued at about $89,000. FNY Investment Advisers LLC acquired a new position in Pattern Group during the third quarter valued at approximately $137,000. Susquehanna International Group LLP acquired a new position in Pattern Group during the third quarter valued at approximately $137,000. SG Americas Securities LLC bought a new position in shares of Pattern Group in the third quarter valued at approximately $168,000. Finally, Greenland Capital Management LP acquired a new stake in shares of Pattern Group in the third quarter worth $174,000.

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.