Mr. Cooper Group Inc. (NASDAQ:COOP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Mr. Cooper Group Inc. (NASDAQ:COOP) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings 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 1 year price target among brokerages that have covered the stock in the last year is $91.88.

Several brokerages recently weighed in on COOP. Barclays boosted their target price on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Wedbush raised their target price 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. Jefferies Financial Group increased their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods lowered Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th.

Insider Activity

In related news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $80.93, for a total transaction of $2,023,250.00. Following the completion of the sale, the chief executive officer now directly owns 259,631 shares of the company’s stock, valued at approximately $21,011,936.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael R. Rawls sold 27,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the transaction, the chief executive officer now directly owns 57,623 shares of the company’s stock, valued at $4,735,458.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $80.93, for a total transaction of $2,023,250.00. Following the sale, the chief executive officer now directly owns 259,631 shares of the company’s stock, valued at $21,011,936.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,000 shares of company stock valued at $6,277,610. Company insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Mr. Cooper Group in the 4th quarter worth about $47,104,000. Goldman Sachs Group Inc. increased its stake in Mr. Cooper Group by 198.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 663,530 shares of the company’s stock valued at $43,209,000 after purchasing an additional 441,282 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Mr. Cooper Group by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company’s stock worth $496,608,000 after purchasing an additional 391,780 shares during the period. Cercano Management LLC bought a new position in shares of Mr. Cooper Group in the 4th quarter worth about $23,527,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Mr. Cooper Group by 984.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock valued at $30,476,000 after buying an additional 354,905 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP opened at $85.35 on Friday. The firm’s 50-day moving average is $83.94 and its two-hundred day moving average is $77.97. The company has a market capitalization of $5.52 billion, a PE ratio of 8.94 and a beta of 1.39. Mr. Cooper Group has a 12-month low of $52.46 and a 12-month high of $95.74.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Thursday, July 25th. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.19. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The firm had revenue of $583.00 million for the quarter, compared to analysts’ expectations of $552.09 million. During the same quarter in the prior year, the firm earned $1.66 EPS. Mr. Cooper Group’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts forecast that Mr. Cooper Group will post 9.85 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.