Mr. Cooper Group Inc. (NASDAQ:COOP) Receives $102.38 Average Price Target from Analysts

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) have earned an average rating of "Moderate Buy" from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $102.38.

A number of equities analysts recently commented on the stock. Compass Point lifted their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Barclays boosted their target price 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. Citizens Jmp raised Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. Wedbush reissued an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Finally, JMP Securities assumed coverage on Mr. Cooper Group in a report on Tuesday, January 14th. They set an "outperform" rating and a $115.00 price objective for the company.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 818,821 shares in the company, valued at approximately $72,391,964.61. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 90,000 shares of company stock valued at $8,414,400 in the last ninety days. Corporate insiders own 2.33% of the company's stock.

Hedge Funds Weigh In On Mr. Cooper Group

Large investors have recently bought and sold shares of the business. Dakota Wealth Management raised its holdings in Mr. Cooper Group by 0.7% in the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after purchasing an additional 181 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Mr. Cooper Group by 9,175.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock worth $472,000 after acquiring an additional 4,863 shares in the last quarter. ORG Partners LLC purchased a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $51,000. Range Financial Group LLC acquired a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $1,091,000. Finally, Oliver Luxxe Assets LLC boosted its stake in Mr. Cooper Group by 5.8% in the fourth quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company's stock valued at $3,988,000 after acquiring an additional 2,259 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Performance

COOP stock traded up $2.24 during midday trading on Friday, reaching $103.68. 723,126 shares of the company traded hands, compared to its average volume of 417,557. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 0.27 and a beta of 1.43. The business has a 50 day moving average of $96.59 and a 200-day moving average of $92.43. Mr. Cooper Group has a 52-week low of $61.77 and a 52-week high of $103.89.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The company had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same quarter in the prior year, the firm posted $2.79 EPS. Mr. Cooper Group's quarterly revenue was up 32.8% compared to the same quarter last year. Research analysts anticipate that Mr. Cooper Group will post 10.18 earnings per share for the current year.

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.