Mr. Cooper Group Inc. (NASDAQ:COOP – Get Free Report) CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the sale, the chief executive officer now directly owns 309,631 shares of the company’s stock, valued at $24,395,826.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Mr. Cooper Group Stock Performance
COOP traded down $2.04 during midday trading on Tuesday, reaching $77.20. The company had a trading volume of 427,858 shares, compared to its average volume of 481,174. The stock has a market cap of $5.00 billion, a PE ratio of 8.08 and a beta of 1.38. Mr. Cooper Group Inc. has a 12-month low of $41.74 and a 12-month high of $81.98. The business has a 50-day moving average price of $75.21 and a two-hundred day moving average price of $66.98.
Mr. Cooper Group (NASDAQ:COOP – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. The company had revenue of $564.00 million for the quarter, compared to analysts’ expectations of $498.15 million. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. On average, research analysts anticipate that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current year.
Institutional Trading of Mr. Cooper Group
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Mr. Cooper Group in a research report on Thursday, April 25th. Jefferies Financial Group upped their price objective on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Wedbush upped their price objective on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Barclays boosted their target price on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $82.22.
Get Our Latest Research Report on Mr. Cooper Group
Mr. Cooper Group Company Profile
Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. 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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