Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $130.00

Mr. Cooper Group (NASDAQ:COOP) had its price target hoisted by Barclays from $111.00 to $130.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 20.53% from the company’s previous close.

COOP has been the topic of a number of other research reports. Wedbush reaffirmed an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. JMP Securities started coverage on shares of Mr. Cooper Group in a research report on Tuesday, January 14th. They set an “outperform” rating and a $115.00 target price on the stock. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Compass Point boosted their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Piper Sandler boosted their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.38.

Mr. Cooper Group Trading Down 0.7 %

Shares of Mr. Cooper Group stock opened at $107.86 on Thursday. The firm has a fifty day simple moving average of $99.48 and a 200-day simple moving average of $94.99. Mr. Cooper Group has a 1-year low of $70.01 and a 1-year high of $109.72. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.31 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. As a group, research analysts predict that Mr. Cooper Group will post 10.18 earnings per share for the current year.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in shares of Mr. Cooper Group in the 3rd quarter valued at $30,000. Picton Mahoney Asset Management lifted its position in Mr. Cooper Group by 41.3% during 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. Harvest Fund Management Co. Ltd lifted its position in Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after buying an additional 270 shares in the last quarter. Asset Planning Inc acquired a new position in Mr. Cooper Group during the 4th quarter worth about $48,000. Finally, ORG Partners LLC acquired a new position in Mr. Cooper Group during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

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.