Pattern Group (NASDAQ:PTRN) Given New $20.00 Price Target at Robert W. Baird

Pattern Group (NASDAQ:PTRN) had its price target decreased by Robert W. Baird from $22.00 to $20.00 in a report issued on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

PTRN has been the topic of a number of other research reports. KeyCorp increased their price target on Pattern Group from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. upped their target price on Pattern Group from $18.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Evercore set a $23.00 target price on Pattern Group and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Pattern Group in a research note on Thursday, January 15th. Finally, BMO Capital Markets upped their price objective on shares of Pattern Group from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Pattern Group has an average rating of “Moderate Buy” and an average price target of $20.22.

Pattern Group Price Performance

Shares of NASDAQ PTRN traded down $0.84 during midday trading on Friday, reaching $10.80. 3,773,186 shares of the stock were exchanged, compared to its average volume of 861,816. The stock’s 50 day simple moving average is $12.46. The stock has a market capitalization of $1.67 billion and a P/E ratio of -4.93. Pattern Group has a 52-week low of $8.92 and a 52-week high of $20.10.

Pattern Group (NASDAQ:PTRN) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $723.10 million for the quarter, compared to analysts’ expectations of $691.35 million. Pattern Group’s revenue for the quarter was up 40.3% compared to the same quarter last year.

Pattern Group announced that its board has approved a share repurchase program on Thursday, March 5th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 5.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Knox Lane LP acquired a new stake in Pattern Group during the fourth quarter worth about $325,157,000. Norges Bank acquired a new position in shares of Pattern Group in the 4th quarter valued at about $25,965,000. Loomis Sayles & Co. L P grew its holdings in shares of Pattern Group by 28.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,135,163 shares of the company’s stock worth $24,640,000 after purchasing an additional 476,122 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Pattern Group by 8.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,077,956 shares of the company’s stock worth $23,896,000 after purchasing an additional 169,297 shares during the period. Finally, Wasatch Advisors LP acquired a new stake in Pattern Group during the 4th quarter worth approximately $23,144,000.

Trending Headlines about Pattern Group

Here are the key news stories impacting Pattern Group this week:

• Positive Sentiment: Q4 results beat expectations — EPS $0.16 vs. $0.12 est. and revenue $723.1M vs. $691.4M, with revenue up 40.3% year-over-year. Strong top-line growth is a clear positive for future cash flow and margins. Business Wire: Q4 Results
• Positive Sentiment: Company raised revenue guidance: Q1 revenue $710–720M vs. consensus ~$690M and FY revenue $3.1–3.2B vs. consensus ~$2.8B — signaling continued strong demand and growth visibility. Business Wire: Guidance
• Positive Sentiment: Board authorized a $100M share repurchase (?5.6% of shares), which typically supports share price and signals management confidence in valuation. Business Wire: Buyback
• Neutral Sentiment: Detailed earnings call highlights and transcript are available for investors who want management color on margin drivers, AI/technology investments, and marketplace expansion. Yahoo Finance: Earnings Highlights
• Neutral Sentiment: Robert W. Baird lowered its price target from $22 to $20 but kept an Outperform rating — still a bullish stance, though the trimmed target may temper near-term momentum. Benzinga: Baird PT Change
• Negative Sentiment: Despite the positives, the stock is trading down on above-average volume — likely driven by the analyst target cut and short-term profit-taking after recent gains, causing sellers to outweigh buyers today.

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.