Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $80.00

Mr. Cooper Group (NASDAQ:COOPGet Free Report) had its target price upped by stock analysts at Barclays from $73.00 to $80.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 9.07% from the company’s previous close.

Several other brokerages also recently commented on COOP. UBS Group started coverage on shares of Mr. Cooper Group in a report on Wednesday, December 6th. They issued a “buy” rating and a $80.00 target price on the stock. Piper Sandler increased their price objective on shares of Mr. Cooper Group from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Wedbush upped their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft began coverage on shares of Mr. Cooper Group in a research report on Wednesday, January 10th. They set a “buy” rating and a $88.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $74.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, December 13th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $77.25.

Check Out Our Latest Stock Analysis on Mr. Cooper Group

Mr. Cooper Group Price Performance

Shares of COOP stock traded up $1.38 on Monday, hitting $73.35. The company’s stock had a trading volume of 536,379 shares, compared to its average volume of 510,676. Mr. Cooper Group has a fifty-two week low of $37.54 and a fifty-two week high of $74.90. The firm’s fifty day moving average price is $65.08 and its 200-day moving average price is $59.36. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 9.98 and a beta of 1.36.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total value of $1,689,000.00. Following the transaction, the chief executive officer now directly owns 391,051 shares of the company’s stock, valued at approximately $26,419,405.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.11% of the stock is owned by insiders.

Hedge Funds Weigh In On Mr. Cooper Group

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Mr. Cooper Group in the 1st quarter worth approximately $642,000. Cetera Advisor Networks LLC raised its holdings in shares of Mr. Cooper Group by 10.9% in the first quarter. Cetera Advisor Networks LLC now owns 5,435 shares of the company’s stock valued at $248,000 after purchasing an additional 533 shares during the last quarter. Citigroup Inc. increased its holdings in Mr. Cooper Group by 37.5% during the first quarter. Citigroup Inc. now owns 93,768 shares of the company’s stock worth $4,283,000 after buying an additional 25,580 shares during the last quarter. Natixis Advisors L.P. boosted its position in Mr. Cooper Group by 26.7% during the first quarter. Natixis Advisors L.P. now owns 15,355 shares of the company’s stock worth $701,000 after purchasing an additional 3,239 shares during the period. Finally, Bank of Montreal Can boosted its position in Mr. Cooper Group by 4.3% during the first quarter. Bank of Montreal Can now owns 20,963 shares of the company’s stock worth $978,000 after purchasing an additional 869 shares during the period. 80.46% of the stock is owned by institutional investors.

About Mr. Cooper Group

(Get Free Report)

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.

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Analyst Recommendations for Mr. Cooper Group (NASDAQ:COOP)

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