Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $106.00 at Piper Sandler

Mr. Cooper Group (NASDAQ:COOP) had its price target boosted by Piper Sandler from $91.00 to $106.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also recently commented on COOP. Wedbush raised their price objective on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the company an outperform rating in a research note on Thursday, April 25th. Jefferies Financial Group lifted their price target on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a research report on Friday, April 19th. Barclays boosted their price target on Mr. Cooper Group from $85.00 to $94.00 and gave the stock an overweight rating in a research note on Thursday, April 25th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an outperform rating to a market perform rating and set a $95.00 price objective for the company. in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $91.88.

Mr. Cooper Group Price Performance

COOP opened at $94.54 on Friday. Mr. Cooper Group has a 12 month low of $52.46 and a 12 month high of $95.74. The stock has a market capitalization of $6.12 billion, a P/E ratio of 9.90 and a beta of 1.39. The business has a 50 day simple moving average of $83.36 and a 200-day simple moving average of $76.95.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. The company had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. Research analysts anticipate that Mr. Cooper Group will post 9.27 EPS for the current year.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $80.93, for a total transaction of $2,023,250.00. Following the completion of the transaction, the chief executive officer now owns 259,631 shares of the company’s stock, valued at $21,011,936.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $80.93, for a total value of $2,023,250.00. Following the completion of the transaction, the chief executive officer now owns 259,631 shares of the company’s stock, valued at approximately $21,011,936.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael R. Rawls sold 27,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the completion of the transaction, the chief executive officer now owns 57,623 shares in the company, valued at $4,735,458.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,000 shares of company stock valued at $8,247,360. 2.33% of the stock is owned by corporate insiders.

Institutional Trading of Mr. Cooper Group

A number of hedge funds have recently bought and sold shares of COOP. USA Financial Formulas acquired a new position in Mr. Cooper Group in the 4th quarter valued at $25,000. Blue Trust Inc. grew its position in shares of Mr. Cooper Group by 77.1% in the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Mr. Cooper Group by 8,275.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after purchasing an additional 331 shares during the last quarter. CWM LLC lifted its position in Mr. Cooper Group by 34.5% during the second quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after buying an additional 154 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Mr. Cooper Group in the 4th quarter worth about $61,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

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.