Mr. Cooper Group (NASDAQ:COOP) Price Target Increased to $100.00 by Analysts at Wedbush

Mr. Cooper Group (NASDAQ:COOP) had its price objective boosted by Wedbush from $85.00 to $100.00 in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the stock. Wedbush also issued estimates for Mr. Cooper Group’s Q3 2024 earnings at $2.47 EPS, Q4 2024 earnings at $2.27 EPS, Q1 2025 earnings at $2.56 EPS, Q2 2025 earnings at $2.84 EPS, Q3 2025 earnings at $2.95 EPS, Q4 2025 earnings at $2.95 EPS and FY2025 earnings at $11.30 EPS.

COOP has been the subject of several other research reports. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $83.00 to $86.00 and gave the stock an outperform rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on Mr. Cooper Group in a research note on Wednesday, January 10th. They set a buy rating and a $88.00 target price for the company. Barclays raised their target price on Mr. Cooper Group from $80.00 to $85.00 and gave the company an overweight rating in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group raised their target price on Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mr. Cooper Group currently has a consensus rating of Moderate Buy and a consensus price target of $82.22.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP opened at $78.76 on Thursday. Mr. Cooper Group has a 1-year low of $41.74 and a 1-year high of $81.98. The business’s fifty day moving average price is $74.91 and its two-hundred day moving average price is $66.39. The firm has a market capitalization of $5.14 billion, a PE ratio of 8.25 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The firm had revenue of $564.00 million for the quarter, compared to analyst estimates of $498.15 million. Equities research analysts expect that Mr. Cooper Group will post 9.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mr. Cooper Group news, President Michael S. Weinbach acquired 17,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the purchase, the president now owns 17,000 shares in the company, valued at $1,209,720. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $67.56, for a total value of $1,689,000.00. Following the completion of the sale, the chief executive officer now directly owns 391,051 shares of the company’s stock, valued at approximately $26,419,405.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Michael S. Weinbach acquired 17,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the purchase, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 75,000 shares of company stock valued at $5,431,500. Corporate insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

Hedge funds have recently bought and sold shares of the business. Dakota Wealth Management raised its stake in shares of Mr. Cooper Group by 6.7% during the 1st quarter. Dakota Wealth Management now owns 25,032 shares of the company’s stock worth $1,951,000 after purchasing an additional 1,562 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Mr. Cooper Group by 2.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,678 shares of the company’s stock worth $2,002,000 after purchasing an additional 661 shares in the last quarter. Penbrook Management LLC purchased a new stake in shares of Mr. Cooper Group during the 1st quarter worth about $949,000. AlphaMark Advisors LLC raised its stake in shares of Mr. Cooper Group by 6.9% during the 1st quarter. AlphaMark Advisors LLC now owns 4,675 shares of the company’s stock worth $364,000 after purchasing an additional 301 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in shares of Mr. Cooper Group by 1.8% during the 1st quarter. Oliver Luxxe Assets LLC now owns 21,125 shares of the company’s stock worth $1,647,000 after purchasing an additional 375 shares in the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.