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

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $95.57.

COOP has been the subject of several recent analyst reports. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a research report on Monday, July 22nd. Barclays raised their price objective on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Wedbush raised their price objective on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, 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 research report on Friday, July 26th.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $90.72 on Monday. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 9.50 and a beta of 1.41. Mr. Cooper Group has a 52-week low of $52.46 and a 52-week high of $96.00. The firm has a 50 day moving average price of $89.77 and a two-hundred day moving average price of $83.11.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.33 by $0.19. The company had revenue of $583.00 million during the quarter, compared to the consensus estimate of $552.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. As a group, equities research analysts predict that Mr. Cooper Group will post 9.86 EPS for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $80.93, for a total transaction of $2,023,250.00. Following the transaction, the chief executive officer now directly owns 259,631 shares in the company, valued at approximately $21,011,936.83. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Mr. Cooper Group

Several large investors have recently bought and sold shares of COOP. Blue Trust Inc. lifted its stake in Mr. Cooper Group by 77.1% during the 2nd 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 lifted its stake 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 valued at $27,000 after acquiring an additional 331 shares in the last quarter. Quarry LP bought a new position in Mr. Cooper Group during the 2nd quarter valued at $29,000. CWM LLC lifted its stake in Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after acquiring an additional 154 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Mr. Cooper Group during the 4th quarter valued at $61,000. 89.82% of the stock is currently 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.