In yesterday’s Wall Street session, Mr. Cooper Group Inc (NASDAQ:COOP) shares traded at $59.67, down -0.55% from the previous session.
7 analysts cover Mr. Cooper Group Inc (NASDAQ:COOP), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $79.00 and a low of $58.00, we find $74.00. Given the previous closing price of $60.00, this indicates a potential upside of 23.33 percent. COOP stock price is now 7.98% away from the 50-day moving average and 19.04% away from the 200-day moving average. The market capitalization of the company currently stands at $3.93B.
The stock has received a hold rating from 2 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $71.83 as their price target over the next twelve months.
With the price target of $74, Barclays recently initiated with Overweight rating for Mr. Cooper Group Inc (NASDAQ: COOP).
In other news, Bray Jesse K, Chief Executive Officer sold 25,000 shares of the company’s stock on Oct 30. The stock was sold for $1,408,500 at an average price of $56.34. Upon completion of the transaction, the Chief Executive Officer now directly owns 466,051 shares in the company, valued at $27.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 26, Director Mujumdar Shveta sold 1,800 shares of the business’s stock. A total of $102,384 was realized by selling the stock at an average price of $56.88. This leaves the insider owning 22,244 shares of the company worth $1.33 million. Insiders disposed of 701,461 shares of company stock worth roughly $41.86 million over the past 1 year. A total of 3.61% of the company’s stock is owned by insiders.
On Wednesday morning Mr. Cooper Group Inc (NASDAQ: COOP) stock kicked off with the opening price of $60.40. During the past 12 months, Mr. Cooper Group Inc has had a low of $37.54 and a high of $60.68. The fifty day moving average price for COOP is $55.26 and a two-hundred day moving average price translates $50.13 for the stock.
The latest earnings results from Mr. Cooper Group Inc (NASDAQ: COOP) was released for Sep, 2023. The net profit margin was 27.13% and return on equity was 10.82% for COOP. For the current quarter, analysts expect COOP to generate $442.08M in revenue.
Mr. Cooper Group Inc(COOP) Company Profile
Mr. Cooper Group Inc. engages in non-banking services for mortgage loans 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. 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.
