Pattern Group (NASDAQ:PTRN) Given New $32.00 Price Target at Needham & Company LLC

Pattern Group (NASDAQ:PTRN) had its target price upped by analysts at Needham & Company LLC from $29.00 to $32.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC‘s price objective indicates a potential upside of 81.00% from the stock’s previous close.

PTRN has been the topic of a number of other reports. Jefferies Financial Group lowered shares of Pattern Group from a “buy” rating to a “hold” rating and upped their target price for the company from $21.00 to $30.00 in a report on Tuesday, July 14th. Evercore restated an “outperform” rating and issued a $29.00 price target on shares of Pattern Group in a report on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and set a $31.00 price objective on shares of Pattern Group in a research report on Thursday, August 6th. KeyCorp cut their price objective on Pattern Group from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $28.00 target price on shares of Pattern Group in a report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Pattern Group has a consensus rating of “Moderate Buy” and an average price target of $26.78.

Pattern Group Stock Up 4.5%

NASDAQ:PTRN opened at $17.68 on Thursday. The business’s 50-day moving average price is $18.40 and its two-hundred day moving average price is $17.56. The stock has a market cap of $2.75 billion, a P/E ratio of -10.28 and a beta of 1.29. Pattern Group has a twelve month low of $8.92 and a twelve month high of $29.80.

Pattern Group (NASDAQ:PTRN) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Pattern Group had a negative return on equity of 318.79% and a negative net margin of 4.57%. The business had revenue of $885.85 million for the quarter. During the same period in the previous year, the company posted ($2.19) earnings per share. The business’s revenue for the quarter was up 38.5% on a year-over-year basis. On average, equities research analysts expect that Pattern Group will post 0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wasatch Advisors LP lifted its stake in shares of Pattern Group by 28.4% in the 2nd quarter. Wasatch Advisors LP now owns 3,135,129 shares of the company’s stock valued at $78,974,000 after acquiring an additional 692,735 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Pattern Group by 1.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,101,545 shares of the company’s stock worth $25,723,000 after purchasing an additional 23,589 shares during the period. Readystate Asset Management LP increased its stake in shares of Pattern Group by 363.9% during the second quarter. Readystate Asset Management LP now owns 212,964 shares of the company’s stock worth $5,365,000 after buying an additional 167,053 shares during the period. Weiss Asset Management LP purchased a new position in shares of Pattern Group in the 1st quarter valued at about $3,212,000. Finally, Sylebra Capital LLC purchased a new stake in Pattern Group in the first quarter valued at $1,971,000.

Trending Headlines about Pattern Group

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

• Positive Sentiment: Q3 revenue rose 38.5% year over year to about $886 million, while adjusted earnings of $0.18 per share beat the $0.16 consensus and improved from a loss a year earlier. The company described the quarter as a record. Pattern Reports Record Third Quarter 2026 Financial Results
• Positive Sentiment: Pattern forecast Q4 revenue of $965 million to $985 million and raised its full-year revenue outlook to about $3.5 billion, signaling continued growth expectations. Pattern forecasts Q4 revenue and raises full-year outlook
• Negative Sentiment: Despite the earnings improvement, Pattern reported a negative net margin of 4.57%, indicating profitability remains a challenge. Pattern Group reports third-quarter results
• Negative Sentiment: KeyCorp lowered its expectations for PTRN’s stock price, a counterpoint to the strong results and improved guidance. KeyCorp lowers expectations for Pattern Group stock

Pattern Group Company Profile

Pattern Group Inc (NASDAQ: PTRN) is an e-commerce technology and services company that helps brands grow and manage their online businesses. Its platform combines software, data, and operational services to support product distribution and sales across major digital marketplaces, retailer websites, and other e-commerce channels.

The company’s services include marketplace management, digital advertising, product content and catalog optimization, pricing and assortment strategy, fulfillment coordination, and analytics.