Analysts Set Mr. Cooper Group Inc (NASDAQ:COOP) Target Price at $140.38

Key Points

• Mr. Cooper Group Inc has received a consensus recommendation of "Hold" from nine analysts, with five holding and four rating it as a buy, and an average 1-year target price of $140.38.
• CEO Jesse K. Bray sold 30,000 shares of the company's stock for approximately $5.24 million, resulting in a decrease in his position by 4.33%.
• Mr. Cooper Group's recent earnings report showed a missed EPS estimate of $3.13 against a consensus of $3.28, alongside revenue of $608 million compared to the expected $669.23 million.

Shares of Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) have been assigned a consensus rating of "Hold" from the nine analysts that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $140.3750.

Several analysts have recently commented on COOP shares. Piper Sandler raised their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Barclays upped their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. UBS Group set a $176.00 target price on Mr. Cooper Group in a report on Tuesday, August 5th. Finally, Jefferies Financial Group upped their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd.

Mr. Cooper Group Trading Up 4.5%

Shares of NASDAQ COOP traded up $8.48 during midday trading on Monday, reaching $197.72. The company's stock had a trading volume of 278,107 shares, compared to its average volume of 976,710. The company has a 50 day moving average price of $169.77 and a 200 day moving average price of $137.37. Mr. Cooper Group has a one year low of $84.15 and a one year high of $203.42. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 22.58 and a beta of 0.98.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.15). Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%.The firm had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. During the same quarter in the previous year, the business earned $3.10 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 663,187 shares in the company, valued at $115,872,032.64. This represents a 4.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mr. Cooper Group

A number of large investors have recently made changes to their positions in COOP. Integrated Wealth Concepts LLC increased its holdings in shares of Mr. Cooper Group by 24.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 3,779 shares of the company's stock valued at $363,000 after purchasing an additional 742 shares during the period. Northern Trust Corp lifted its holdings in shares of Mr. Cooper Group by 6.8% during the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company's stock valued at $80,204,000 after buying an additional 53,534 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Mr. Cooper Group by 28.0% during the 4th quarter. Lido Advisors LLC now owns 3,247 shares of the company's stock valued at $312,000 after buying an additional 711 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Mr. Cooper Group by 13.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,462 shares of the company's stock valued at $908,000 after buying an additional 1,140 shares during the last quarter. Finally, Aristeia Capital L.L.C. acquired a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $348,000. 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.