Mr. Cooper Group's (COOP) "Market Outperform" Rating Reaffirmed at JMP Securities

Mr. Cooper Group (NASDAQ:COOP - Get Free Report)'s stock had its "market outperform" rating reaffirmed by equities researchers at JMP Securities in a research report issued on Thursday,Benzinga reports. They presently have a $115.00 price objective on the stock. JMP Securities' price target indicates a potential upside of 6.62% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. Wedbush reaffirmed an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Citizens Jmp raised shares of Mr. Cooper Group to a "strong-buy" rating in a report on Tuesday, January 14th. Piper Sandler lifted their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Compass Point upped their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Barclays lifted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $109.38.

Mr. Cooper Group Stock Performance

COOP traded down $0.80 during trading on Thursday, hitting $107.86. The stock had a trading volume of 409,150 shares, compared to its average volume of 459,895. The firm has a market capitalization of $6.90 billion, a P/E ratio of 13.94, a PEG ratio of 0.31 and a beta of 1.43. The company's 50-day moving average price is $99.48 and its 200 day moving average price is $95.06. Mr. Cooper Group has a twelve month low of $70.01 and a twelve month high of $109.72.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. As a group, equities analysts expect that Mr. Cooper Group will post 10.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the sale, the chief executive officer now owns 788,821 shares of the company's stock, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Mr. Cooper Group

Hedge funds have recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in Mr. Cooper Group during the third quarter worth approximately $30,000. Picton Mahoney Asset Management boosted its holdings in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock worth $41,000 after purchasing an additional 270 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $48,000. Finally, ORG Partners LLC acquired a new stake in Mr. Cooper Group in the 4th quarter worth about $51,000. 89.82% of the stock is owned by institutional investors and hedge funds.

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.