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Mr Cooper Group (COOP) Gets a Hold Rating from BTIG

In a report released yesterday, Eric Hagen from BTIG maintained a Hold rating on Mr Cooper Group (COOPResearch Report), with a price target of $60.00. The company’s shares closed last Wednesday at $41.97.

According to TipRanks.com, Hagen is a 1-star analyst with an average return of -2.5% and a 40.0% success rate. Hagen covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Broadmark Realty Capital, and Kkr Real Estate Finance.

Mr Cooper Group has an analyst consensus of Moderate Buy, with a price target consensus of $57.80.

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Based on Mr Cooper Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.09 billion and net profit of $658 million. In comparison, last year the company earned revenue of $1.31 billion and had a net profit of $561 million.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COOP in relation to earlier this year.

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Mr. Cooper Group, Inc. is engaged in the provision of residential loan services. It operated through the following segments: Servicing, Originations and Xome. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio. The Originations segment provides refinance opportunities to the existing servicing customers through direct-to-consumer platform and purchases loans from originators through correspondent channel. The Xome segment offers technology and data-enhanced solutions to banks, non-banks, investment companies, and GSEs engaged in the origination, investment, servicing of mortgage loans, as well as to home buyers, home sellers, real estate professionals mortgage professionals, and real estate investors. The company was founded on August 17, 1994 and is headquartered in Coppell, TX.

Read More on COOP:

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