Pattern Group Inc. (NASDAQ:PTRN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Pattern Group Inc. (NASDAQ:PTRN) have earned an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $27.00.

Several equities analysts recently commented on the stock. KeyCorp increased 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. Weiss Ratings upgraded shares of Pattern Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $28.00 price target on shares of Pattern Group in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on Pattern Group from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Pattern Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th.

Institutional Investors Weigh In On Pattern Group

A number of institutional investors have recently made changes to their positions in PTRN. Clearstead Advisors LLC boosted its holdings in Pattern Group by 222.0% in the fourth quarter. Clearstead Advisors LLC now owns 2,373 shares of the company’s stock valued at $27,000 after acquiring an additional 1,636 shares during the last quarter. Roxbury Financial LLC bought a new position in Pattern Group during the 1st quarter worth approximately $40,000. Federation des caisses Desjardins du Quebec bought a new position in Pattern Group during the 4th quarter worth approximately $58,000. Susquehanna International Group LLP acquired a new position in shares of Pattern Group in the 3rd quarter worth approximately $137,000. Finally, Jacobs Equity LLC acquired a new position in shares of Pattern Group in the 4th quarter worth approximately $151,000.

Pattern Group Trading Up 0.9%

Shares of NASDAQ PTRN opened at $20.59 on Friday. The company has a market cap of $3.21 billion and a price-to-earnings ratio of -11.97. Pattern Group has a 12 month low of $8.92 and a 12 month high of $29.80. The stock has a 50-day moving average price of $23.92 and a two-hundred day moving average price of $18.03.

Pattern Group (NASDAQ:PTRN) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $876.77 million for the quarter. Pattern Group had a negative net margin of 4.57% and a negative return on equity of 318.79%. On average, sell-side analysts predict that Pattern Group will post 0.6 earnings per share for the current year.

Pattern Group Company Profile

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.