Mr. Cooper Group (NASDAQ:COOP) Issues Earnings Results

Mr. Cooper Group (NASDAQ:COOP) issued its quarterly earnings data on Wednesday. The company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.08, Zacks reports. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%.

Mr. Cooper Group Stock Down 0.2 %

COOP stock traded down $0.19 during trading hours on Wednesday, hitting $107.14. The company’s stock had a trading volume of 255,161 shares, compared to its average volume of 476,086. The company has a market capitalization of $6.85 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43. The stock has a 50 day moving average price of $98.81 and a two-hundred day moving average price of $94.70. Mr. Cooper Group has a 12 month low of $70.01 and a 12 month high of $108.44.

Analysts Set New Price Targets

COOP has been the subject of several research analyst reports. Compass Point upped their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Wedbush reiterated an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Piper Sandler upped their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. JMP Securities started coverage on Mr. Cooper Group in a research report on Tuesday, January 14th. They set an “outperform” rating and a $115.00 price objective for the company. Finally, Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mr. Cooper Group has an average rating of “Moderate Buy” and a consensus price target of $104.13.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value of $2,927,400.00. Following the completion of the sale, the chief executive officer now directly owns 788,821 shares of the company’s stock, valued at approximately $76,973,153.18. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.33% of the company’s stock.

About Mr. Cooper Group

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.