Pattern Group (NASDAQ:PTRN) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Pattern Group (NASDAQ:PTRN) in a research note published on Tuesday, Marketbeat reports. The firm issued a buy rating and a $17.00 price target on the stock.

Other analysts also recently issued research reports about the stock. BMO Capital Markets assumed coverage on shares of Pattern Group in a report on Tuesday. They issued an “outperform” rating and a $19.00 price objective for the company. KeyCorp assumed coverage on shares of Pattern Group in a report on Tuesday. They issued an “overweight” rating and a $18.00 price objective for the company. William Blair assumed coverage on shares of Pattern Group in a report on Tuesday. They issued an “outperform” rating for the company. Baird R W raised shares of Pattern Group to a “strong-buy” rating in a report on Tuesday. Finally, Stifel Nicolaus assumed coverage on shares of Pattern Group in a report on Tuesday. They issued a “buy” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $18.11.

Pattern Group Stock Down 1.4%

Shares of PTRN opened at $13.81 on Tuesday. Pattern Group has a 52 week low of $12.00 and a 52 week high of $16.00.

Insider Activity at Pattern Group

In related news, Director Daniel Gay sold 1,300,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $13.02, for a total transaction of $16,926,000.00. Following the sale, the director owned 829,475 shares in the company, valued at approximately $10,799,764.50. This trade represents a 61.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David K. Wright sold 9,414,286 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $13.02, for a total transaction of $122,574,003.72. Following the sale, the chief executive officer owned 29,418,585 shares in the company, valued at $383,029,976.70. This represents a 24.24% decrease in their position. The disclosure for this sale can be found here.

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.