Mr. Cooper Group Inc (NASDAQ:COOP)’s share price was up 6.1% during trading on Friday . The company traded as high as $9.63 and last traded at $9.61, approximately 762,316 shares changed hands during trading. A decline of 9% from the average daily volume of 833,347 shares. The stock had previously closed at $9.06.
A number of equities analysts recently commented on COOP shares. Zacks Investment Research upgraded Mr. Cooper Group from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a report on Tuesday, May 28th. TheStreet downgraded Mr. Cooper Group from a “c” rating to a “d” rating in a report on Friday, May 31st. Wedbush upped their target price on Mr. Cooper Group from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. ValuEngine upgraded Mr. Cooper Group from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, BTIG Research reiterated a “buy” rating and issued a $21.00 price objective on shares of Mr. Cooper Group in a report on Sunday, August 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.50.
The business has a fifty day simple moving average of $8.20 and a 200-day simple moving average of $9.83. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.57.
Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.96. The business had revenue of $399.00 million during the quarter, compared to the consensus estimate of $249.10 million. Mr. Cooper Group had a return on equity of 52.72% and a net margin of 38.88%. On average, equities analysts forecast that Mr. Cooper Group Inc will post 2.2 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Panagora Asset Management Inc. bought a new position in Mr. Cooper Group in the second quarter worth $31,000. PNC Financial Services Group Inc. raised its holdings in Mr. Cooper Group by 60.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,768 shares of the company’s stock worth $36,000 after purchasing an additional 1,422 shares in the last quarter. Royce & Associates LP bought a new position in Mr. Cooper Group in the first quarter worth $46,000. Trexquant Investment LP bought a new position in Mr. Cooper Group in the second quarter worth $107,000. Finally, First Republic Investment Management Inc. bought a new position in Mr. Cooper Group in the second quarter worth $111,000. Institutional investors and hedge funds own 83.94% of the company’s stock.
About Mr. Cooper Group (NASDAQ:COOP)
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.
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