Mr. Cooper Group Inc. (NASDAQ:COOP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $98.00.

A number of equities research analysts have issued reports on COOP shares. Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Compass Point increased their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th.

Mr. Cooper Group Stock Performance

COOP stock opened at $98.67 on Friday. The firm has a market cap of $6.31 billion, a PE ratio of 12.75 and a beta of 1.40. The firm has a fifty day moving average price of $94.14 and a 200 day moving average price of $88.87. Mr. Cooper Group has a fifty-two week low of $60.01 and a fifty-two week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The firm had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. During the same period in the previous year, the firm posted $2.79 EPS. The business’s quarterly revenue was up 32.8% on a year-over-year basis. On average, equities analysts predict that Mr. Cooper Group will post 10.16 EPS for the current year.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the sale, the chief executive officer now owns 818,821 shares in the company, valued at $72,391,964.61. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Mr. Cooper Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its stake in Mr. Cooper Group by 77.1% in the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares during the period. CWM LLC lifted its position in shares of Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after purchasing an additional 154 shares during the period. Aristeia Capital L.L.C. boosted its stake in shares of Mr. Cooper Group by 4.2% during the second quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock valued at $341,000 after purchasing an additional 169 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Mr. Cooper Group by 1.6% during the second quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock valued at $962,000 after purchasing an additional 187 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Mr. Cooper Group by 2.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company’s stock valued at $820,000 after buying an additional 203 shares during the period. Institutional investors own 89.82% of the company’s stock.

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.