Pattern Group Inc. (NASDAQ:PTRN) Stock Has Consensus Price Target of $27.00

Shares of Pattern Group Inc. (NASDAQ:PTRN) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $27.00.

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Pattern Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Robert W. Baird set a $26.00 price target on Pattern Group in a research note on Thursday, August 6th. Jefferies Financial Group cut shares of Pattern Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $21.00 to $30.00 in a research report on Tuesday, July 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $28.00 price objective on shares of Pattern Group in a report on Thursday, August 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $31.00 price objective on shares of Pattern Group in a research report on Thursday, August 6th.

Pattern Group Stock Performance

NASDAQ:PTRN opened at $17.40 on Tuesday. Pattern Group has a 52-week low of $8.92 and a 52-week high of $29.80. The company has a market cap of $2.71 billion and a P/E ratio of -10.12. The stock’s 50-day simple moving average is $20.74 and its 200 day simple moving average is $19.18.

Pattern Group (NASDAQ:PTRN) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $876.77 million during the quarter. Pattern Group had a negative return on equity of 318.79% and a negative net margin of 4.57%. As a group, equities analysts predict that Pattern Group will post 0.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pattern Group

A number of institutional investors have recently made changes to their positions in the company. Clearstead Advisors LLC increased its stake in shares of Pattern Group by 222.0% during the fourth quarter. Clearstead Advisors LLC now owns 2,373 shares of the company’s stock worth $27,000 after purchasing an additional 1,636 shares during the period. Roxbury Financial LLC bought a new stake in Pattern Group in the 1st quarter valued at $40,000. Jacobs Equity LLC bought a new stake in Pattern Group in the 4th quarter valued at $151,000. Arizona State Retirement System acquired a new position in Pattern Group in the 2nd quarter valued at $226,000. Finally, Corient Private Wealth LP acquired a new position in Pattern Group in the 2nd quarter valued at $261,000.

About Pattern Group

Pattern Group Inc is a global e-commerce acceleration company that helps consumer brands grow and manage their businesses across online marketplaces and other digital sales channels. The company combines technology, data analytics and operational services to support brands throughout the e-commerce lifecycle.

Pattern’s services include marketplace management, digital advertising, product content and catalog optimization, pricing and channel strategy, fulfillment and logistics, and brand protection.