Mr. Cooper Group Inc (NASDAQ:COOP) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Mr. Cooper Group Inc has received a consensus rating of "Hold" from nine brokerage firms, with five recommending to hold and four to buy the stock.
• CEO Jesse K. Bray sold 30,000 shares for over $5.24 million, representing a decrease of 4.33% in his overall holdings.
• The company reported $3.13 earnings per share for its most recent quarter, which was below analysts' expectations of $3.28.

Shares of Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) have earned a consensus rating of "Hold" from the nine ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $140.3750.

Several analysts have weighed in on COOP shares. Barclays raised their price target on Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Jefferies Financial Group raised their target price on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Piper Sandler boosted their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Finally, UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a report on Tuesday.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $174.72, for a total value of $5,241,600.00. Following the completion of the sale, the chief executive officer owned 663,187 shares in the company, valued at approximately $115,872,032.64. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.73% of the company's stock.

Institutional Investors Weigh In On Mr. Cooper Group

Hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in Mr. Cooper Group in the 1st quarter worth about $26,000. AlphaQuest LLC grew its stake in shares of Mr. Cooper Group by 88.0% in the second quarter. AlphaQuest LLC now owns 188 shares of the company's stock worth $28,000 after acquiring an additional 88 shares during the period. Allworth Financial LP raised its holdings in shares of Mr. Cooper Group by 24.5% during the first quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after purchasing an additional 87 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Mr. Cooper Group during the first quarter valued at approximately $55,000. Finally, SVB Wealth LLC bought a new position in Mr. Cooper Group during the first quarter valued at approximately $62,000. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Price Performance

NASDAQ:COOP opened at $190.76 on Thursday. Mr. Cooper Group has a 1 year low of $82.71 and a 1 year high of $192.69. The stock's fifty day moving average price is $150.06 and its two-hundred day moving average price is $125.81. The company has a market cap of $12.21 billion, a P/E ratio of 21.83 and a beta of 0.98.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $669.23 million. During the same quarter in the previous year, the firm posted $3.10 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect 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.

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