Mr. Cooper Group (NASDAQ:COOP) Stock Price Expected to Rise, Barclays Analyst Says

Mr. Cooper Group (NASDAQ:COOP) had its target price boosted by equities research analysts at Barclays from $111.00 to $130.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 20.53% from the stock’s current price.

Several other research analysts also recently weighed in on COOP. Piper Sandler lifted their target price on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. JMP Securities began coverage on shares of Mr. Cooper Group in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 target price on the stock. Finally, Compass Point lifted their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.38.

Mr. Cooper Group Trading Down 0.7 %

NASDAQ:COOP opened at $107.86 on Thursday. Mr. Cooper Group has a twelve month low of $70.01 and a twelve month high of $109.72. The company has a 50-day moving average of $99.48 and a 200-day moving average of $94.99. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data 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 25.87% and a return on equity of 13.77%. On average, research analysts forecast that Mr. Cooper Group will post 10.18 earnings per share for the current year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the completion of the sale, the chief executive officer now directly owns 758,821 shares in the company, valued at $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Mr. Cooper Group

Institutional investors have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. acquired a new stake in Mr. Cooper Group in the third quarter valued at approximately $30,000. Picton Mahoney Asset Management lifted its stake in Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after acquiring an additional 95 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Mr. Cooper Group by 152.5% in the third 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. Asset Planning Inc acquired a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $48,000. Finally, ORG Partners LLC acquired a new stake in shares of Mr. Cooper Group in the fourth quarter worth $51,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

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.