Mr. Cooper Group (NASDAQ:COOP) Given New $135.00 Price Target at UBS Group

Mr. Cooper Group (NASDAQ:COOP) had its target price boosted by investment analysts at UBS Group from $122.00 to $135.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 25.16% from the stock’s current price.

Several other research analysts also recently commented on the company. Piper Sandler lifted their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Barclays lifted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. JMP Securities reissued a “market outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Compass Point boosted their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mr. Cooper Group has an average rating of “Moderate Buy” and an average price target of $112.22.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $107.86 on Tuesday. The stock’s 50 day simple moving average is $99.72 and its 200 day simple moving average is $95.21. Mr. Cooper Group has a twelve month low of $70.01 and a twelve month high of $109.72. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.31 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. On average, analysts forecast that Mr. Cooper Group will post 10.18 EPS for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 788,821 shares of the company’s stock, valued at approximately $76,973,153.18. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in shares of Mr. Cooper Group during the third quarter worth about $30,000. Picton Mahoney Asset Management boosted its position in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after buying an additional 95 shares during the period. Harvest Fund Management Co. Ltd boosted its position in shares of Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after buying an additional 270 shares during the period. Asset Planning Inc acquired a new position in shares of Mr. Cooper Group during the fourth quarter worth about $48,000. Finally, ORG Partners LLC acquired a new position in shares of Mr. Cooper Group during the fourth quarter worth about $51,000. 89.82% of the stock is owned by institutional investors and hedge funds.

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.