Mr. Cooper Group (NASDAQ:COOP) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Mr. Cooper Group (NASDAQ:COOP) released its quarterly earnings results on Wednesday. The company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates 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 0.6 %

Mr. Cooper Group stock opened at $106.71 on Thursday. The business’s 50-day moving average price is $99.01 and its 200 day moving average price is $94.78. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43. Mr. Cooper Group has a 52 week low of $70.01 and a 52 week high of $108.56.

Analyst Upgrades and Downgrades

A number of analysts recently commented on COOP shares. Barclays lifted their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday. Wedbush reiterated an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Compass Point boosted their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Piper Sandler raised their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, JMP Securities began coverage on Mr. Cooper Group in a research note on Tuesday, January 14th. They set an “outperform” rating and a $115.00 price target on the stock. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.88.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.33% of the stock is currently owned by corporate insiders.

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.