Mr. Cooper Group (NASDAQ:COOP) Reaches New 1-Year High - Should You Buy?

Key Points

• Mr. Cooper Group Inc. shares hit a new **52-week high** of $231.52 during trading, closing at $218.00 with a trading volume of **987,560 shares**.
• Analysts have raised their price targets for the stock, with **Piper Sandler** increasing their target to $158.00 and **UBS Group** setting a target of **$176.00**, while overall the company holds an average rating of **"Hold"**.
• Mr. Cooper reported **$3.13 EPS** for the last quarter, missing estimates by $0.15, with a revenue of **$608 million**, but still showing an **8.6% increase** year-over-year.

Shares of Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $231.52 and last traded at $218.00, with a volume of 987560 shares trading hands. The stock had previously closed at $215.29.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Piper Sandler raised 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. UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a research report on Tuesday, August 5th. Jefferies Financial Group raised their price objective on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Tuesday, July 22nd. Finally, Barclays raised their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Mr. Cooper Group presently has an average rating of "Hold" and a consensus target price of $140.38.

Mr. Cooper Group Stock Up 1.3%

The firm has a market capitalization of $13.95 billion, a P/E ratio of 24.94 and a beta of 0.98. The firm's 50-day simple moving average is $175.94 and its 200-day simple moving average is $140.96.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 earned $3.10 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total transaction of $5,472,900.00. Following the completion of the sale, the chief executive officer directly owned 633,187 shares in the company, valued at $115,512,304.41. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 90,000 shares of company stock worth $15,278,700 in the last three months. Insiders own 1.73% of the company's stock.

Institutional Investors Weigh In On Mr. Cooper Group

Several hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its position in Mr. Cooper Group by 132.0% during the second quarter. Osaic Holdings Inc. now owns 10,286 shares of the company's stock valued at $1,535,000 after purchasing an additional 5,852 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Mr. Cooper Group during the second quarter worth approximately $1,438,000. Hudson Bay Capital Management LP purchased a new position in shares of Mr. Cooper Group during the second quarter worth approximately $4,246,000. FORA Capital LLC purchased a new position in shares of Mr. Cooper Group during the second quarter worth approximately $208,000. Finally, Evergreen Capital Management LLC raised its stake in shares of Mr. Cooper Group by 2.6% during the second quarter. Evergreen Capital Management LLC now owns 5,645 shares of the company's stock worth $842,000 after acquiring an additional 141 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

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.

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