Pattern Group (NASDAQ:PTRN – Get Free Report) had its price target decreased by JPMorgan Chase & Co. from $21.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 57.41% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Robert W. Baird cut their price target on Pattern Group from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday. Jefferies Financial Group set a $20.00 price objective on shares of Pattern Group in a report on Thursday, December 11th. Evercore set a $23.00 price target on Pattern Group and gave the company an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pattern Group in a report on Wednesday, December 24th. Finally, KeyCorp lifted their price target on shares of Pattern Group from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.22.
Read Our Latest Stock Analysis on PTRN
Pattern Group Stock Performance
Pattern Group (NASDAQ:PTRN – Get Free Report) last announced its earnings results on Thursday, March 5th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $723.10 million for the quarter, compared to the consensus estimate of $691.35 million. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year.
Pattern Group declared that its Board of Directors has authorized a share buyback program on Thursday, March 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 5.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
Hedge Funds Weigh In On Pattern Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTRN. Clearstead Advisors LLC boosted its holdings in Pattern Group by 222.0% during the 4th quarter. Clearstead Advisors LLC now owns 2,373 shares of the company’s stock worth $27,000 after acquiring an additional 1,636 shares during the last quarter. Federation des caisses Desjardins du Quebec purchased a new position in Pattern Group during the 4th quarter valued at about $58,000. PNC Financial Services Group Inc. purchased a new stake in Pattern Group in the 3rd quarter worth approximately $89,000. FNY Investment Advisers LLC bought a new position in Pattern Group in the 3rd quarter worth about $137,000. Finally, Susquehanna International Group LLP purchased a new position in Pattern Group in the 3rd quarter worth approximately $137,000.
Pattern Group News Summary
Here are the key news stories impacting Pattern Group this week:
- Positive Sentiment: Q4 results beat estimates: PTRN reported $0.16 EPS vs. $0.12 consensus and revenue of $723.1M (up 40.3% YoY), highlighting strong top-line execution. Pattern Reports Record Fourth Quarter and Full Year 2025 Financial Results
- Positive Sentiment: Revenue and FY guidance raise: Pattern updated Q1 revenue guidance to $710–$720M and FY 2026 revenue to $3.1–$3.2B, above consensus — a signal of continued organic growth. Press Release / Slide Deck
- Positive Sentiment: $100M share repurchase authorized (up to ~5.6% of shares) — typically supports the stock and signals management confidence in valuation. RTT News
- Neutral Sentiment: Available investor materials and call: The company posted its earnings press release, slide deck and conference call transcript/highlights, which provide detail on growth drivers and margin trends for due diligence. MarketBeat Earnings & Transcript
- Neutral Sentiment: Full earnings transcript and highlights published by Yahoo Finance and local press — useful for parsing management commentary on channels, margins and AI initiatives. Q4 Highlights (Yahoo)
- Negative Sentiment: Analyst target trimmed: Robert W. Baird lowered its price target from $22 to $20 (still an outperform), which may have dampened investor sentiment and triggered some selling. Benzinga
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.
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