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

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $98.00.

Several research analysts recently issued reports on the stock. Wedbush reiterated an "outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Compass Point upped their price objective 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 raised their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th.

Mr. Cooper Group Price Performance

NASDAQ COOP traded up $0.34 during trading on Friday, reaching $98.67. The company's stock had a trading volume of 241,180 shares, compared to its average volume of 483,208. The firm has a fifty day moving average of $94.29 and a 200 day moving average of $88.99. Mr. Cooper Group has a one year low of $60.01 and a one year high of $103.05. The stock has a market capitalization of $6.31 billion, a PE ratio of 12.75 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.30. The business had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. Mr. Cooper Group's revenue for the quarter was up 32.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.79 earnings per share. Research analysts expect that Mr. Cooper Group will post 10.16 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 firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $88.41, for a total value of $2,652,300.00. Following the completion of the sale, the chief executive officer now owns 818,821 shares of the company's stock, valued at $72,391,964.61. This trade represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.33% of the company's stock.

Institutional Trading of Mr. Cooper Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Management Professionals Inc. purchased a new position in Mr. Cooper Group during the 3rd quarter valued at about $30,000. Blue Trust Inc. boosted its holdings 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 in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Mr. Cooper Group by 8,275.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock worth $27,000 after acquiring an additional 331 shares during the last quarter. Quarry LP bought a new position in shares of Mr. Cooper Group during the second quarter valued at $29,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Mr. Cooper Group by 152.5% in the 3rd 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. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

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.