Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $158.00 at Piper Sandler

by · The Cerbat Gem

Mr. Cooper Group (NASDAQ:COOP – Free Report) had its price objective upped by Piper Sandler from $143.00 to $158.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

COOP has been the topic of a number of other research reports. Citizens Jmp lowered shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods lifted their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 8th. Barclays increased their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Finally, UBS Group raised their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.29.

View Our Latest Stock Report on COOP

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $150.95 on Tuesday. The firm has a market capitalization of $9.66 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.45 and a beta of 1.05. Mr. Cooper Group has a one year low of $78.20 and a one year high of $158.00. The stock’s 50 day moving average price is $133.50 and its 200 day moving average price is $115.40.

Mr. Cooper Group (NASDAQ:COOP – Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million for the quarter, compared to analysts’ expectations of $620.57 million. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.73 earnings per share. On average, analysts forecast that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total value of $4,564,200.00. Following the completion of the transaction, the chief executive officer directly owned 693,187 shares in the company, valued at approximately $105,461,470.18. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake in shares of Mr. Cooper Group during the 1st quarter valued at approximately $26,000. Picton Mahoney Asset Management increased its stake in Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 95 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Mr. Cooper Group by 24.5% during the first quarter. Allworth Financial LP now owns 442 shares of the company’s stock worth $51,000 after purchasing an additional 87 shares during the period. USA Financial Formulas acquired a new stake in shares of Mr. Cooper Group during the first quarter worth $55,000. Finally, SVB Wealth LLC bought a new position in shares of Mr. Cooper Group in the 1st quarter worth about $62,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Company Profile

(Get Free Report)

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.

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