Brokerages Set Mr. Cooper Group Inc. (NASDAQ:COOP) PT at $91.88

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $91.88.

Several research analysts have weighed in on COOP shares. Barclays lifted their target price on Mr. Cooper Group from $94.00 to $103.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 target price on the stock. in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, April 25th. Piper Sandler raised their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Finally, Wedbush increased their target price on Mr. Cooper Group from $100.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, July 26th.

Mr. Cooper Group Stock Down 0.1 %

NASDAQ COOP traded down $0.10 on Thursday, reaching $90.63. The company had a trading volume of 261,481 shares, compared to its average volume of 447,963. Mr. Cooper Group has a 52 week low of $52.46 and a 52 week high of $95.74. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 9.49 and a beta of 1.39. The stock's 50 day moving average is $85.25 and its 200-day moving average is $79.94.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.19. The business had revenue of $583.00 million for the quarter, compared to analyst estimates of $552.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. Mr. Cooper Group's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 EPS. As a group, analysts forecast that Mr. Cooper Group will post 9.85 EPS for the current year.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $81.42, for a total value of $2,035,500.00. Following the completion of the transaction, the chief executive officer now owns 284,631 shares of the company's stock, valued at approximately $23,174,656.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.33% of the company's stock.

Institutional Investors Weigh In On Mr. Cooper Group

A number of large investors have recently added to or reduced their stakes in COOP. Blue Trust Inc. grew its stake in shares of Mr. Cooper Group by 77.1% in the second quarter. Blue Trust Inc. now owns 333 shares of the company's stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Mr. Cooper Group by 8,275.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock worth $27,000 after purchasing an additional 331 shares in the last quarter. Quarry LP bought a new position in shares of Mr. Cooper Group in the 2nd quarter valued at $29,000. USA Financial Formulas bought a new position in Mr. Cooper Group in the fourth quarter valued at about $25,000. Finally, CWM LLC boosted its stake in shares of Mr. Cooper Group by 34.5% during the second quarter. CWM LLC now owns 601 shares of the company's stock valued at $49,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

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.