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

Mr. Cooper Group Inc. (NASDAQ:COOP) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $104.13.

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

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $104.12 on Friday. Mr. Cooper Group has a one year low of $64.52 and a one year high of $105.00. The stock has a market capitalization of $6.66 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.30 and a beta of 1.43. The business has a 50 day simple moving average of $97.05 and a 200 day simple moving average of $93.16.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same period in the previous year, the company posted $2.79 earnings per share. The business’s revenue was up 32.8% on a year-over-year basis. Equities analysts expect that Mr. Cooper Group will post 10.18 earnings per share for the current year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the transaction, the chief executive officer now directly owns 758,821 shares in the company, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 90,000 shares of company stock worth $8,414,400 in the last quarter. 2.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

Hedge funds have recently bought and sold shares of the business. Quarry LP purchased a new position in shares of Mr. Cooper Group in the 2nd quarter worth $29,000. Financial Management Professionals Inc. bought a new stake in Mr. Cooper Group during the third quarter worth approximately $30,000. Harvest Fund Management Co. Ltd increased its stake in Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after acquiring an additional 270 shares during the last quarter. ORG Partners LLC purchased a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $51,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Mr. Cooper Group in the 3rd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

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.