Robert W. Baird Issues Pessimistic Forecast for Pattern Group (NASDAQ:PTRN) Stock Price

Pattern Group (NASDAQ:PTRN) had its price objective lowered by Robert W. Baird from $22.00 to $20.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 85.19% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. KeyCorp upped their price target on shares of Pattern Group from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Evercore set a $23.00 price objective on Pattern Group and gave the company an “outperform” rating in a report on Thursday, November 6th. Stifel Nicolaus set a $22.00 target price on Pattern Group in a report on Thursday, November 6th. JPMorgan Chase & Co. lifted their price target on Pattern Group from $18.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Jefferies Financial Group set a $20.00 price objective on Pattern Group in a research report on Thursday, December 11th. Ten 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.22.

Pattern Group Stock Performance

Shares of NASDAQ:PTRN opened at $10.80 on Friday. Pattern Group has a 52-week low of $8.92 and a 52-week high of $20.10. The business has a 50-day moving average price of $12.46. The stock has a market capitalization of $1.67 billion and a PE ratio of -4.93.

Pattern Group (NASDAQ:PTRN) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $723.10 million for the quarter, compared to analyst estimates of $691.35 million. The business’s revenue for the quarter was up 40.3% on a year-over-year basis.

Pattern Group announced that its board has approved a share buyback plan on Thursday, March 5th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Pattern Group

A number of hedge funds have recently bought and sold shares of the business. Knox Lane LP acquired a new stake in Pattern Group in the fourth quarter valued at approximately $325,157,000. Norges Bank acquired a new stake in Pattern Group in the 4th quarter valued at $25,965,000. Wasatch Advisors LP acquired a new stake in Pattern Group in the 4th quarter valued at $23,144,000. Capital World Investors purchased a new stake in Pattern Group in the 3rd quarter worth $23,975,000. Finally, Vanguard Group Inc. acquired a new position in Pattern Group during the third quarter worth $20,640,000.

Key Stories Impacting Pattern Group

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

• Positive Sentiment: Q4 results beat expectations — EPS $0.16 vs. $0.12 est. and revenue $723.1M vs. $691.4M, with revenue up 40.3% year-over-year. Strong top-line growth is a clear positive for future cash flow and margins. Business Wire: Q4 Results
• Positive Sentiment: Company raised revenue guidance: Q1 revenue $710–720M vs. consensus ~$690M and FY revenue $3.1–3.2B vs. consensus ~$2.8B — signaling continued strong demand and growth visibility. Business Wire: Guidance
• Positive Sentiment: Board authorized a $100M share repurchase (≈5.6% of shares), which typically supports share price and signals management confidence in valuation. Business Wire: Buyback
• Neutral Sentiment: Detailed earnings call highlights and transcript are available for investors who want management color on margin drivers, AI/technology investments, and marketplace expansion. Yahoo Finance: Earnings Highlights
• Neutral Sentiment: Robert W. Baird lowered its price target from $22 to $20 but kept an Outperform rating — still a bullish stance, though the trimmed target may temper near-term momentum. Benzinga: Baird PT Change
• Negative Sentiment: Despite the positives, the stock is trading down on above-average volume — likely driven by the analyst target cut and short-term profit-taking after recent gains, causing sellers to outweigh buyers today.

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.