Mr. Cooper Group Inc. (NASDAQ:COOP) Receives $112.22 Consensus Target Price from Analysts

Mr. Cooper Group Inc. (NASDAQ:COOP) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $114.78.

Several equities research analysts recently issued reports on COOP shares. Keefe, Bruyette & Woods raised their target price on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. UBS Group upped their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Citizens Jmp cut shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Piper Sandler lowered Mr. Cooper Group from an “overweight” rating to a “neutral” rating and upped their price target for the company from $125.00 to $143.00 in a research report on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mr. Cooper Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its position in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after buying an additional 95 shares in the last quarter. Penbrook Management LLC boosted its holdings in Mr. Cooper Group by 0.6% during the first quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock valued at $1,893,000 after acquiring an additional 100 shares during the period. Williamson Legacy Group LLC increased its position in Mr. Cooper Group by 1.1% in the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock worth $1,040,000 after buying an additional 118 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Mr. Cooper Group by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock valued at $479,000 after purchasing an additional 128 shares during the period. Finally, Dakota Wealth Management increased its position in shares of Mr. Cooper Group by 0.7% during the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after purchasing an additional 181 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $134.21 on Friday. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The stock’s fifty day moving average is $108.62 and its two-hundred day moving average is $99.98. Mr. Cooper Group has a fifty-two week low of $74.49 and a fifty-two week high of $137.60.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, sell-side analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

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.