Mr. Cooper Group (NASDAQ:COOP) Shares Up 6.6% - Should You Buy?

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report)'s share price traded up 6.6% during trading on Thursday . The company traded as high as $138.90 and last traded at $138.67. 532,199 shares were traded during trading, a decline of 15% from the average session volume of 626,130 shares. The stock had previously closed at $130.07.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JMP Securities restated a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $125.00 to $143.00 in a research note on Friday, April 4th. UBS Group lifted their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. Finally, Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and an average target price of $131.14.

Mr. Cooper Group Price Performance

The company has a market cap of $8.40 billion, a PE ratio of 12.90, a P/E/G ratio of 0.32 and a beta of 1.06. The company has a 50-day moving average price of $122.18 and a two-hundred day moving average price of $108.94.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $620.57 million. During the same quarter in the previous year, the firm posted $2.73 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Institutional Trading of Mr. Cooper Group

Hedge funds and other institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new stake in Mr. Cooper Group during the 1st quarter valued at approximately $26,000. Picton Mahoney Asset Management boosted its stake in shares of Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after buying an additional 95 shares during the last quarter. Asset Planning Inc purchased a new position in shares of Mr. Cooper Group during the 4th quarter valued at approximately $48,000. Allworth Financial LP grew its position 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 worth $51,000 after buying an additional 87 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Mr. Cooper Group in the first quarter worth $55,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

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.