Mr. Cooper Group Inc. (NASDAQ:COOP) Receives $78.50 Average Target Price from Analysts

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $82.22.

A number of equities research analysts have recently commented on COOP shares. Jefferies Financial Group raised their target price on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush lifted their price objective on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays lifted their price objective on Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 price objective (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday.

Mr. Cooper Group Trading Down 3.6 %

Shares of COOP stock opened at $78.76 on Friday. The business’s fifty day simple moving average is $74.91 and its 200-day simple moving average is $66.39. The company has a market cap of $5.14 billion, a PE ratio of 8.25 and a beta of 1.38. Mr. Cooper Group has a 12-month low of $41.74 and a 12-month high of $81.98.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.17. The company had revenue of $564.00 million during the quarter, compared to analyst estimates of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. On average, equities analysts forecast that Mr. Cooper Group will post 9.01 earnings per share for the current year.

Insider Activity

In other news, President Michael S. Weinbach purchased 17,000 shares of Mr. Cooper Group stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the transaction, the president now owns 17,000 shares in the company, valued at $1,209,720. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $67.56, for a total value of $1,689,000.00. Following the completion of the sale, the chief executive officer now owns 391,051 shares in the company, valued at approximately $26,419,405.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael S. Weinbach bought 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the acquisition, the president now directly owns 17,000 shares in the company, valued at approximately $1,209,720. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 75,000 shares of company stock valued at $5,431,500. 2.33% of the stock is currently owned by company insiders.

Institutional Trading of Mr. Cooper Group

Several institutional investors have recently added to or reduced their stakes in the stock. Dakota Wealth Management increased its holdings in Mr. Cooper Group by 6.7% in the 1st quarter. Dakota Wealth Management now owns 25,032 shares of the company’s stock valued at $1,951,000 after purchasing an additional 1,562 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Mr. Cooper Group by 2.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,678 shares of the company’s stock valued at $2,002,000 after purchasing an additional 661 shares during the last quarter. Penbrook Management LLC acquired a new stake in Mr. Cooper Group in the 1st quarter valued at approximately $949,000. AlphaMark Advisors LLC increased its holdings in Mr. Cooper Group by 6.9% in the 1st quarter. AlphaMark Advisors LLC now owns 4,675 shares of the company’s stock valued at $364,000 after purchasing an additional 301 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its stake in shares of Mr. Cooper Group by 1.8% in the first quarter. Oliver Luxxe Assets LLC now owns 21,125 shares of the company’s stock worth $1,647,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.