Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $94.00

Mr. Cooper Group (NASDAQ:COOP) had its target price hoisted by research analysts at Barclays from $85.00 to $94.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 19.40% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group lifted their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted 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. Wedbush boosted their price objective on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Mr. Cooper Group has a consensus rating of “Moderate Buy” and a consensus target price of $82.22.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $78.73 on Thursday. Mr. Cooper Group has a one year low of $41.74 and a one year high of $81.98. The company has a market cap of $5.10 billion, a P/E ratio of 8.24 and a beta of 1.38. The business has a fifty day moving average of $74.98 and a two-hundred day moving average of $66.48.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. The company had revenue of $564.00 million for the quarter, compared to analyst estimates of $498.15 million. Sell-side analysts predict that Mr. Cooper Group will post 9.24 EPS for the current year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total value of $1,689,000.00. Following the transaction, the chief executive officer now directly owns 391,051 shares in the company, valued at approximately $26,419,405.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, President Michael S. Weinbach bought 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the transaction, the president now owns 17,000 shares in the company, valued at $1,209,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $67.56, for a total value of $1,689,000.00. Following the completion of the transaction, the chief executive officer now owns 391,051 shares of the company’s stock, valued at $26,419,405.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,000 shares of company stock worth $5,431,500. 2.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

Several hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Mr. Cooper Group during the third quarter worth about $198,000. Exchange Traded Concepts LLC acquired a new stake in shares of Mr. Cooper Group in the third quarter worth approximately $667,000. Denali Advisors LLC acquired a new stake in shares of Mr. Cooper Group in the third quarter worth approximately $933,000. Xponance Inc. grew its holdings in Mr. Cooper Group by 47.1% in the third quarter. Xponance Inc. now owns 5,837 shares of the company’s stock valued at $313,000 after purchasing an additional 1,868 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Mr. Cooper Group by 22.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,314 shares of the company’s stock worth $1,249,000 after purchasing an additional 4,211 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.