Mr. Cooper Group Inc. (NASDAQ:COOP) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $102.38.

Several research analysts have recently weighed in on COOP shares. Wedbush reiterated an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. 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. JMP Securities started coverage on shares of Mr. Cooper Group in a research note on Tuesday, January 14th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Barclays lifted their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total value of $2,927,400.00. Following the sale, the chief executive officer now directly owns 788,821 shares in the company, valued at approximately $76,973,153.18. The trade was a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 90,000 shares of company stock worth $8,414,400 in the last three months. Company insiders own 2.33% of the company’s stock.

Institutional Trading of Mr. Cooper Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new stake in Mr. Cooper Group in the 2nd quarter valued at $29,000. Financial Management Professionals Inc. bought a new stake in Mr. Cooper Group in the 3rd quarter valued at $30,000. Harvest Fund Management Co. Ltd increased its holdings in Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after acquiring an additional 270 shares during the last quarter. ORG Partners LLC purchased a new position in shares of Mr. Cooper Group in the 4th quarter worth $51,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Mr. Cooper Group in the 3rd quarter worth $52,000. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Trading Up 2.2 %

Shares of COOP stock opened at $103.68 on Friday. Mr. Cooper Group has a 12-month low of $61.77 and a 12-month high of $103.89. The firm’s 50 day moving average is $96.59 and its 200 day moving average is $92.35. The stock has a market capitalization of $6.63 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.27 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company had revenue of $616.00 million for the quarter, compared to analysts’ expectations of $548.09 million. During the same quarter last year, the company posted $2.79 earnings per share. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. As a group, equities analysts predict that Mr. Cooper Group will post 10.18 earnings per share for the current year.

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.