Mr. Cooper Group - COOP Stock Forecast, Price & News

Mr. Cooper Group Inc. provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans. The Originations segment originates residential mortgage loans through its direct-to-consumer channel, as well as originates and purchases loans from mortgage bankers and brokers. It operates primarily under the Mr. Cooper and Xome brands. The company was formerly known as WMIH Corp. and changed its name to Mr. Cooper Group Inc. in October 2018. Mr. Cooper Group Inc. was incorporated in 2015 and is based in Coppell, Texas.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Credit Suisse Group dropped their target price on Mr. Cooper Group to $55.00 in a research report on Friday, July 22nd. Barclays lowered their target price on Mr. Cooper Group from $44.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Monday, July 11th. TheStreet raised Mr. Cooper Group from a "c+" rating to a "b" rating in a research report on Wednesday, May 4th. Finally, BTIG Research started coverage on shares of Mr. Cooper Group in a research report on Wednesday, April 20th. They set a "neutral" rating for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and an average price target of $57.25.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock traded up $0.44 on Tuesday, hitting $47.08. 14,821 shares of the company's stock traded hands, compared to its average volume of 571,336. The firm's 50-day moving average price is $40.61 and its two-hundred day moving average price is $43.60. The stock has a market capitalization of $3.37 billion, a PE ratio of 2.93 and a beta of 1.49. Mr. Cooper Group has a one year low of $35.81 and a one year high of $52.34.

Mr. Cooper Group (NASDAQ:COOP - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. The business had revenue of $599.00 million for the quarter, compared to analysts' expectations of $434.70 million. Mr. Cooper Group had a return on equity of 11.01% and a net margin of 39.35%. On average, analysts forecast that Mr. Cooper Group will post 2.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 46,000 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $40.23, for a total value of $1,850,580.00. Following the transaction, the chief executive officer now directly owns 608,767 shares of the company's stock, valued at $24,490,696.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 138,000 shares of company stock worth $5,566,000 over the last ninety days. 2.59% of the stock is currently owned by corporate insiders.