Mr. Cooper Group Inc. (NASDAQ:COOP) Receives Average Rating of “Moderate Buy” from Analysts

Mr. Cooper Group Inc. (NASDAQ:COOP) has earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $112.22.

COOP has been the topic of several research reports. Keefe, Bruyette & Woods lifted their target price on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Barclays lifted their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, 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, January 22nd.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its position in shares of Mr. Cooper Group by 9,175.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company’s stock valued at $472,000 after buying an additional 4,863 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Mr. Cooper Group by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after buying an additional 52,001 shares during the period. Cynosure Group LLC purchased a new position in shares of Mr. Cooper Group during the third quarter valued at approximately $730,000. World Investment Advisors LLC purchased a new position in shares of Mr. Cooper Group during the third quarter valued at approximately $2,537,000. Finally, Spire Wealth Management purchased a new position in shares of Mr. Cooper Group during the fourth quarter valued at approximately $1,480,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Up 2.7 %

NASDAQ:COOP opened at $101.56 on Monday. The business’s 50-day simple moving average is $104.18 and its two-hundred day simple moving average is $97.71. The stock has a market cap of $6.46 billion, a PE ratio of 9.98, a P/E/G ratio of 0.32 and a beta of 1.49. Mr. Cooper Group has a 52 week low of $72.00 and a 52 week high of $114.05.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. Sell-side analysts anticipate that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

About Mr. Cooper Group

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.