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

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) has earned an average rating of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $131.14.

Several brokerages have recently issued reports on COOP. JMP Securities reissued a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. Barclays upped their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, UBS Group upped their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP traded up $1.59 during midday trading on Friday, reaching $132.73. The company had a trading volume of 760,452 shares, compared to its average volume of 617,333. The stock's fifty day moving average price is $119.95 and its 200-day moving average price is $107.59. The stock has a market capitalization of $8.49 billion, a P/E ratio of 13.04, a PEG ratio of 0.32 and a beta of 1.06. Mr. Cooper Group has a one year low of $78.20 and a one year high of $138.35.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The firm had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. During the same quarter in the previous year, the company posted $2.73 earnings per share. The firm's revenue was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Mr. Cooper Group will post 13.17 earnings per share for the current year.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.73% of the company's stock.

Institutional Trading of Mr. Cooper Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. DLD Asset Management LP acquired a new stake in Mr. Cooper Group during the 1st quarter worth about $1,495,000. Strs Ohio acquired a new position in shares of Mr. Cooper Group in the 1st quarter valued at about $849,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Mr. Cooper Group by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,674 shares of the company's stock valued at $16,346,000 after purchasing an additional 11,097 shares during the period. Slotnik Capital LLC acquired a new position in shares of Mr. Cooper Group in the 1st quarter valued at about $4,784,000. Finally, United Services Automobile Association acquired a new position in shares of Mr. Cooper Group in the 1st quarter valued at about $508,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Mr. Cooper Group Company Profile

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.