Mr. Cooper Group (NASDAQ:COOP) PT Raised to $100.00 at Wedbush

Mr. Cooper Group (NASDAQ:COOP) had its price objective lifted by equities research analysts at Wedbush from $85.00 to $100.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s target price would indicate a potential upside of 27.02% from the company’s current price. Wedbush also issued estimates for Mr. Cooper Group’s Q3 2024 earnings at $2.47 EPS, Q4 2024 earnings at $2.27 EPS, Q1 2025 earnings at $2.56 EPS, Q2 2025 earnings at $2.84 EPS, Q3 2025 earnings at $2.95 EPS, Q4 2025 earnings at $2.95 EPS and FY2025 earnings at $11.30 EPS.

COOP has been the subject of several other reports. Jefferies Financial Group raised their target price on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft assumed coverage on Mr. Cooper Group in a research note on Wednesday, January 10th. They issued a “buy” rating and a $88.00 target price for the company. Barclays lifted their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods lifted their price target on Mr. Cooper Group from $83.00 to $86.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.22.

Mr. Cooper Group Trading Down 0.0 %

COOP stock opened at $78.73 on Thursday. The stock has a 50-day moving average price of $74.98 and a 200-day moving average price of $66.48. Mr. Cooper Group has a 1-year low of $41.74 and a 1-year high of $81.98. The firm has a market cap of $5.10 billion, a PE ratio of 8.24 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating the consensus estimate 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 13.31% and a net margin of 31.75%. On average, analysts forecast that Mr. Cooper Group will post 9.24 earnings per share for the current year.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the transaction, the chief executive officer now owns 334,631 shares of the company’s stock, valued at approximately $26,131,334.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, President Michael S. Weinbach bought 17,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were purchased at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the transaction, the president now directly owns 17,000 shares in the company, valued at $1,209,720. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the completion of the sale, the chief executive officer now directly owns 334,631 shares in the company, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. Insiders have sold a total of 75,000 shares of company stock valued at $5,431,500 in the last 90 days. 2.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

A number of hedge funds have recently modified their holdings of the stock. Dakota Wealth Management raised its holdings in shares of Mr. Cooper Group by 6.7% in the 1st quarter. Dakota Wealth Management now owns 25,032 shares of the company’s stock worth $1,951,000 after purchasing an additional 1,562 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Mr. Cooper Group by 2.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,678 shares of the company’s stock worth $2,002,000 after purchasing an additional 661 shares during the period. Penbrook Management LLC bought a new stake in shares of Mr. Cooper Group in the 1st quarter worth approximately $949,000. AlphaMark Advisors LLC raised its holdings in shares of Mr. Cooper Group by 6.9% in the 1st quarter. AlphaMark Advisors LLC now owns 4,675 shares of the company’s stock worth $364,000 after purchasing an additional 301 shares during the period. Finally, Oliver Luxxe Assets LLC raised its holdings in shares of Mr. Cooper Group by 1.8% in the 1st quarter. Oliver Luxxe Assets LLC now owns 21,125 shares of the company’s stock worth $1,647,000 after purchasing an additional 375 shares during the period. Institutional investors 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.