Mr. Cooper Group Inc. (NASDAQ:COOP) Receives $102.38 Consensus PT from Analysts

Mr. Cooper Group Inc. (NASDAQ:COOP) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $102.38.

Several research analysts have commented on the stock. Compass Point raised their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JMP Securities assumed coverage on shares of Mr. Cooper Group in a report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 target price for the company. Wedbush reiterated an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Barclays increased their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th.

Mr. Cooper Group Trading Down 0.8 %

NASDAQ:COOP opened at $102.81 on Friday. Mr. Cooper Group has a twelve month low of $64.24 and a twelve month high of $105.00. The company has a 50-day moving average of $96.67 and a 200-day moving average of $92.75. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.30 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping the consensus estimate 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 period last year, the company posted $2.79 earnings per share. The business’s revenue for the quarter was up 32.8% on a year-over-year basis. On average, research analysts forecast that Mr. Cooper Group will post 10.18 earnings per share for the current year.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the sale, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. This trade represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 90,000 shares of company stock valued at $8,414,400 over the last 90 days. 2.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mr. Cooper Group

A number of institutional investors have recently bought and sold shares of COOP. Quarry LP acquired a new stake in Mr. Cooper Group during the second quarter worth $29,000. Financial Management Professionals Inc. bought a new position in shares of Mr. Cooper Group during the third quarter valued at $30,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after acquiring an additional 270 shares during the period. ORG Partners LLC bought a new position in shares of Mr. Cooper Group during the fourth quarter valued at $51,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Mr. Cooper Group during the third quarter valued at $52,000. Institutional investors and hedge funds 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.