Mr. Cooper Group Inc. (NASDAQ:COOP) Receives Average Recommendation of "Moderate Buy" from Analysts

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $112.22.

A number of research analysts have weighed in on COOP shares. UBS Group increased their target price on Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Piper Sandler upped their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. Barclays upped their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Citizens Jmp upgraded Mr. Cooper Group to a "strong-buy" rating in a research report on Tuesday, January 14th.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP traded up $1.45 during midday trading on Monday, reaching $100.67. 781,760 shares of the company's stock traded hands, compared to its average volume of 580,608. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 0.32 and a beta of 1.49. Mr. Cooper Group has a one year low of $72.00 and a one year high of $114.05. The stock has a 50 day moving average of $103.96 and a 200 day moving average of $97.55.

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Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. Sell-side analysts predict that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mr. Cooper Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COOP. Picton Mahoney Asset Management boosted its stake in Mr. Cooper Group by 41.3% during the fourth 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. Harvest Fund Management Co. Ltd boosted its stake in Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock valued at $41,000 after buying an additional 270 shares during the last quarter. Asset Planning Inc bought a new position in Mr. Cooper Group during the fourth quarter valued at approximately $48,000. ORG Partners LLC bought a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $51,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $70,000. 89.82% of the stock is 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.