Analysts Set Mr. Cooper Group Inc (NASDAQ:COOP) Target Price at $134.57

Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $136.14.

Several analysts recently issued reports on COOP shares. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. UBS Group reiterated a "neutral" rating and set a $156.00 price objective on shares of Mr. Cooper Group in a research note on Tuesday. Barclays raised their target price on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods upped their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. Finally, Piper Sandler lifted their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st.

Mr. Cooper Group Stock Performance

NASDAQ COOP traded up $3.35 during trading on Friday, hitting $146.64. The stock had a trading volume of 486,294 shares, compared to its average volume of 728,774. The company has a market capitalization of $9.38 billion, a PE ratio of 16.66, a P/E/G ratio of 0.44 and a beta of 1.05. Mr. Cooper Group has a 12 month low of $80.35 and a 12 month high of $158.00. The company's 50-day moving average price is $138.20 and its two-hundred day moving average price is $118.46.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The business had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. During the same quarter last year, the firm earned $2.73 earnings per share. The firm's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total value of $4,564,200.00. Following the transaction, the chief executive officer directly owned 693,187 shares of the company's stock, valued at $105,461,470.18. This represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.73% of the company's stock.

Institutional Trading of Mr. Cooper Group

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Mr. Cooper Group during the 4th quarter worth $72,984,000. 140 Summer Partners LP bought a new position in Mr. Cooper Group during the fourth quarter worth about $69,959,000. Wellington Management Group LLP raised its stake in Mr. Cooper Group by 43.1% in the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock worth $109,346,000 after purchasing an additional 343,243 shares in the last quarter. Cercano Management LLC increased its stake in Mr. Cooper Group by 66.5% during the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock worth $75,920,000 after acquiring an additional 315,801 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Mr. Cooper Group by 14,148.0% in the first quarter. GAMMA Investing LLC now owns 311,319 shares of the company's stock worth $37,234,000 after purchasing an additional 309,134 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

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.