Pattern Group (NASDAQ:PTRN) Price Target Cut to $17.00 by Analysts at JPMorgan Chase & Co.

Pattern Group (NASDAQ:PTRN) had its target price lowered by JPMorgan Chase & Co. from $21.00 to $17.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts also recently commented on the company. Evercore set a $23.00 price objective on Pattern Group and gave the stock an “outperform” rating in a research note on Thursday, November 6th. KeyCorp boosted 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. Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Pattern Group in a research report on Thursday, January 15th. Stifel Nicolaus dropped their price objective on shares of Pattern Group from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday. Finally, BMO Capital Markets boosted their target price on shares of Pattern Group from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Ten 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.22.

Pattern Group Price Performance

PTRN stock traded down $0.84 during midday trading on Friday, reaching $10.80. The company had a trading volume of 3,773,186 shares, compared to its average volume of 861,816. The stock’s 50 day moving average price is $12.46. Pattern Group has a fifty-two week low of $8.92 and a fifty-two week high of $20.10. The stock has a market cap of $1.67 billion and a price-to-earnings ratio of -4.93.

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

Pattern Group announced that its Board of Directors has authorized a stock repurchase plan on Thursday, March 5th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 5.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Clearstead Advisors LLC raised its stake in shares of Pattern Group by 222.0% during the fourth quarter. Clearstead Advisors LLC now owns 2,373 shares of the company’s stock valued at $27,000 after purchasing an additional 1,636 shares in the last quarter. Federation des caisses Desjardins du Quebec acquired a new position in Pattern Group during the 4th quarter valued at about $58,000. PNC Financial Services Group Inc. acquired a new position in Pattern Group during the 3rd quarter valued at about $89,000. FNY Investment Advisers LLC bought a new stake in shares of Pattern Group during the 3rd quarter worth about $137,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Pattern Group in the 3rd quarter worth approximately $137,000.

Key Pattern Group News

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.

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.