An Analysis of Mr. Cooper Group Inc. (COOP)’s Potential Price Growth


In a filing, Mr. Cooper Group Inc. revealed its Chief Executive Officer Bray Jesse K unloaded Company’s shares for reported $0.84 million on Oct 28. In the deal valued at $40.18 per share,21,000 shares were sold. As a result of this transaction, Bray Jesse K now holds 739,291 shares worth roughly $ 29.58 million.

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Then, Bray Jesse K sold 21,000 shares, generating $858,690 in total proceeds. Upon selling the shares at $40.89, the Chief Executive Officer now owns 760,291 shares.

Before that, Bray Jesse K sold 46,000 shares. Mr. Cooper Group Inc. shares valued at $1,996,860 were divested by the Chief Executive Officer at a price of $43.41 per share. As a result of the transaction, Bray Jesse K now holds 562,767 shares, worth roughly $22.52 million.

BTIG Research initiated its Mr. Cooper Group Inc. [COOP] rating to a Neutral in a research note published on Friday. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “an Equal weight”. Keefe Bruyette also remained covering COOP and has decreased its forecast on April 06, 2021 with a “Mkt perform” recommendation from previously “an Outperform” rating. Jefferies started covering the stock on December 14, 2020. It rated COOP as “a Hold”.

Price Performance Review of COOP

On Friday, Mr. Cooper Group Inc. [NASDAQ:COOP] saw its stock jump 4.11% to $40.01. On the same session, the stock had its day’s lowest price of $38.59, but rose to a high of $40.01. Over the last five days, the stock has lost -0.37%. Mr. Cooper Group Inc. shares have fallen nearly -3.85% since the year began. Nevertheless, the stocks have fallen -8.09% over the past one year. While a 52-week high of $52.34 was reached on 02/16/22, a 52-week low of $35.81 was recorded on 06/17/22. SMA at 50 days reached $42.06, while 200 days put it at $43.20. A total of 0.54 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For COOP Stock

The 24-hour chart illustrates a support level at 39.06, which if violated will result in even more drops to 38.12. On the upside, there is a resistance level at 40.48. A further resistance level may holdings at 40.96. The Relative Strength Index (RSI) on the 14-day chart is 44.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.78%. Stochastics %K at 13.35% indicates the stock is a buying.

How much short interest is there in Mr. Cooper Group Inc.?

A steep rise in short interest was recorded in Mr. Cooper Group Inc. stocks on Jul 14, 2022, growing by 1.73 million shares to a total of 5.92 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.19 million shares. There was a rise of 29.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.60% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.29.

Mr. Cooper Group Inc. [COOP] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 10,026,799 shares, or roughly 13.99% of the outstanding COOP shares. In other words, the investor’s shares have risen by 553,224 from its previous 13-F filing of 9473575.0. Additionally, The Vanguard Group, Inc. decreased -5.64% of its stake after which the total value it holdings stand at $305,962,272. Over the last quarter, HG Vora Capital Management LLC purchased 200,000 shares of Mr. Cooper Group Inc., while SSgA Funds Management, Inc. bought -2,542 shares. At present, Diamond Hill Capital Management, is holding 2,955,376 shares valued at $119.69 million. Wellington Management Co. LLP owned 2,763,173 shares of the company at the time of its most recent 13F filing, worth $111.91 million.

According to FactSet, Mr. Cooper Group Inc.’s share price will average $53.14 in the next year, based on opinions of analysts polled by the firm. This is up nearly 43.12 percent from its previous closing price of $38.43. Analysts expect Mr. Cooper Group Inc. stock to reach the higher price of $68.00, while the lowest price estimate is $40.00. However, 8 analysts have rated COOP stock as an Overweight in their predictions for 2022. The most recent change occurred on November 06, 2020 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating.


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