Pattern Group Inc. (NASDAQ:PTRN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Pattern Group Inc. (NASDAQ:PTRN) have been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $21.00.

Several research firms recently weighed in on PTRN. Wall Street Zen upgraded Pattern Group to a “hold” rating in a research report on Saturday, October 11th. Jefferies Financial Group set a $20.00 target price on shares of Pattern Group in a report on Thursday, December 11th. Robert W. Baird upped their target price on shares of Pattern Group from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. The Goldman Sachs Group began coverage on shares of Pattern Group in a research report on Tuesday, October 14th. They set a “buy” rating and a $17.00 price target for the company. Finally, Stifel Nicolaus set a $22.00 price objective on shares of Pattern Group in a report on Thursday, November 6th.

Pattern Group Price Performance

Shares of NASDAQ PTRN opened at $13.36 on Thursday. Pattern Group has a 1 year low of $11.21 and a 1 year high of $20.10. The stock has a market capitalization of $2.06 billion and a PE ratio of -6.10. The company’s 50-day moving average is $13.48.

Pattern Group (NASDAQ:PTRN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($2.19) earnings per share for the quarter, beating the consensus estimate of ($2.71) by $0.52. The firm had revenue of $639.66 million for the quarter, compared to the consensus estimate of $570.78 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new stake in Pattern Group in the third quarter worth $89,000. FNY Investment Advisers LLC purchased a new position in shares of Pattern Group in the 3rd quarter worth about $137,000. Susquehanna International Group LLP bought a new position in Pattern Group in the 3rd quarter worth about $137,000. SG Americas Securities LLC bought a new position in Pattern Group in the 3rd quarter worth about $168,000. Finally, Greenland Capital Management LP purchased a new stake in Pattern Group during the 3rd quarter valued at about $174,000.

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.