Mr. Cooper Group (NASDAQ:COOP) Issues Earnings Results

Mr. Cooper Group (NASDAQ:COOP) issued its earnings results on Wednesday. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08, Zacks reports. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%.

Mr. Cooper Group Trading Down 1.3 %

Mr. Cooper Group stock traded down $1.40 during midday trading on Wednesday, reaching $105.93. 409,577 shares of the stock traded hands, compared to its average volume of 484,017. The firm has a fifty day moving average price of $98.81 and a two-hundred day moving average price of $94.70. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.31 and a beta of 1.43. Mr. Cooper Group has a fifty-two week low of $70.01 and a fifty-two week high of $108.56.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 788,821 shares of the company’s stock, valued at approximately $76,973,153.18. This represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

COOP has been the subject of a number of research analyst reports. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. JMP Securities initiated coverage on shares of Mr. Cooper Group in a report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 target price for the company. Compass Point increased their target price 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. Wedbush reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Finally, Piper Sandler raised their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.13.

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.