Pattern Group Inc. (NASDAQ:PTRN) Given Consensus Rating of “Moderate Buy” by Brokerages

Pattern Group Inc. (NASDAQ:PTRN) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $21.00.

A number of brokerages recently issued reports on PTRN. Jefferies Financial Group set a $20.00 price objective on shares of Pattern Group in a report on Thursday, December 11th. JPMorgan Chase & Co. raised their price target on shares of Pattern Group from $18.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. BMO Capital Markets lifted their price target on shares of Pattern Group from $19.00 to $22.00 and gave the stock an “outperform” 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pattern Group in a research report on Wednesday, December 24th.

Institutional Investors Weigh In On Pattern Group

A number of institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. bought a new position in shares of Pattern Group in the 4th quarter worth about $1,537,000. State Street Corp increased its holdings in Pattern Group by 414.8% in the fourth quarter. State Street Corp now owns 113,474 shares of the company’s stock worth $1,309,000 after purchasing an additional 91,432 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Pattern Group by 217.1% in the fourth quarter. Wells Fargo & Company MN now owns 30,736 shares of the company’s stock valued at $355,000 after buying an additional 21,042 shares during the period. Wasatch Advisors LP bought a new position in shares of Pattern Group during the 4th quarter worth approximately $23,144,000. Finally, Federation des caisses Desjardins du Quebec acquired a new stake in shares of Pattern Group during the 4th quarter worth approximately $58,000.

Pattern Group Price Performance

Shares of PTRN stock opened at $10.82 on Monday. Pattern Group has a twelve month low of $10.27 and a twelve month high of $20.10. The stock’s fifty day moving average price is $12.86. The company has a market cap of $1.67 billion and a price-to-earnings ratio of -4.94.

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.