Mr. Cooper Group Inc. (NASDAQ:COOP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $104.13.

A number of equities research analysts have recently issued reports on COOP shares. Barclays boosted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Piper Sandler lifted their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday. Compass Point boosted their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, JMP Securities assumed coverage on Mr. Cooper Group in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 price target on the stock.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the transaction, the chief executive officer now owns 788,821 shares in the company, valued at approximately $76,973,153.18. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 90,000 shares of company stock worth $8,414,400. 2.33% of the stock is currently owned by insiders.

Institutional Trading of Mr. Cooper Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of Mr. Cooper Group in the 2nd quarter valued at about $29,000. Financial Management Professionals Inc. bought a new stake in Mr. Cooper Group in the third quarter valued at approximately $30,000. Harvest Fund Management Co. Ltd increased its position in Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after purchasing an additional 270 shares during the period. ORG Partners LLC bought a new position in Mr. Cooper Group during the 4th quarter worth approximately $51,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Mr. Cooper Group in the 3rd quarter worth approximately $52,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock opened at $102.87 on Friday. The business has a fifty day simple moving average of $96.89 and a two-hundred day simple moving average of $92.89. Mr. Cooper Group has a 1 year low of $64.35 and a 1 year high of $105.00. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 0.30 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. During the same quarter last year, the company posted $2.79 EPS. Mr. Cooper Group’s quarterly revenue was up 32.8% compared to the same quarter last year. As a group, equities analysts anticipate that Mr. Cooper Group will post 10.18 earnings per share for the current fiscal year.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.