The price of Mr. Cooper Group Inc. (NASDAQ:COOP) shares last traded on Wall Street fell -4.01% to $43.59.
Based on available information, 8 analysts follow Mr. Cooper Group Inc. (NASDAQ:COOP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $64.00 and a low of $48.00, we find $55.00. Given the previous closing price of $45.41, this indicates a potential upside of 21.12 percent. COOP stock price is now -2.69% away from the 50-day moving average and 1.98% away from the 200-day moving average. The market capitalization of the company currently stands at $2.96B.
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Among analysts, 4 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $55.14 as their price target over the next twelve months.
On April 21, 2021, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $44 to quote $38, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’.
In other news, Bray Jesse K, Chief Executive Officer sold 21,000 shares of the company’s stock on Feb 28. The stock was sold for $988,680 at an average price of $47.08. Upon completion of the transaction, the Chief Executive Officer now directly owns 652,371 shares in the company, valued at $28.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 30, Chief Executive Officer Bray Jesse K sold 21,000 shares of the business’s stock. A total of $947,310 was realized by selling the stock at an average price of $45.11. This leaves the insider owning 673,371 shares of the company worth $29.35 million. Insiders disposed of 712,071 shares of company stock worth roughly $31.04 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in COOP stock. A new stake in Mr. Cooper Group Inc. shares was purchased by JANE STREET GROUP, LLC during the first quarter worth $3,144,000. BRIGHTLIGHT CAPITAL MANAGEMENT LP invested $2,977,000 in shares of COOP during the first quarter. In the first quarter, SABA CAPITAL MANAGEMENT, L.P. acquired a new stake in Mr. Cooper Group Inc. valued at approximately $2,888,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in COOP for approximately $2,024,000. SCIENCAST MANAGEMENT LP purchased a new stake in COOP valued at around $1,493,000 in the second quarter. In total, there are 357 active investors with 91.10% ownership of the company’s stock.
A candlestick chart of Mr. Cooper Group Inc. (NASDAQ: COOP) showed a price of $45.03 on Thursday morning. During the past 12 months, Mr. Cooper Group Inc. has had a low of $35.81 and a high of $49.00. The fifty day moving average price for COOP is $44.79 and a two-hundred day moving average price translates $42.75 for the stock.
The latest earnings results from Mr. Cooper Group Inc. (NASDAQ: COOP) was released for Sep, 2022. According to the Mortgage Finance Company, earnings per share came in at $0.58, beating analysts’ expectations of $0.49 by 0.09. This compares to $2.47 EPS in the same period last year. The net profit margin was 37.50% and return on equity was 22.80% for COOP. The company reported revenue of $303.0 million for the quarter, compared to $625.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -51.52 percent. For the current quarter, analysts expect COOP to generate $383.89M in revenue.
Mr. Cooper Group Inc.(COOP) Company Profile
Mr. Cooper Group Inc. provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans. The Originations segment originates residential mortgage loans through its direct-to-consumer channel, as well as originates and purchases loans from mortgage bankers and brokers. It operates primarily under the Mr. Cooper and Xome brands. The company was formerly known as WMIH Corp. and changed its name to Mr. Cooper Group Inc. in October 2018. Mr. Cooper Group Inc. was incorporated in 2015 and is based in Coppell, Texas.
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