Mr. Cooper Group Inc. (NASDAQ: COOP) stock jumped 1.55% on Thursday to $54.26 against a previous-day closing price of $53.43. With 0.45 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.61 million shares. The 52-week range on COOP shows that it touched its highest point at $60.68 and its lowest point at $37.54 during that stretch. It currently has a 1-year price target of $65.00. Beta for the stock currently stands at 1.58.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COOP was up-trending over the past week, with a rise of 0.93%, but this was down by -4.86% over a month. Three-month performance surged to 11.58% while six-month performance rose 36.30%. The stock gained 24.54% in the past year, while it has gained 35.21% so far this year. A look at the trailing 12-month EPS for COOP yields 4.16 with Next year EPS estimates of 7.98. For the next quarter, that number is 1.79. This implies an EPS growth rate of -25.00% for this year and 25.04% for next year. EPS is expected to decline by -8.54% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 146.90%.
Float and Shares Shorts:
At present, 67.65 million COOP shares are outstanding with a float of 64.59 million shares on hand for trading. On Aug 14, 2023, short shares totaled 1.35 million, which was 2.02% higher than short shares on Jul 13, 2023.
Through their ownership of 91.15% of COOP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.16% of COOP, in contrast to 42.66% held by mutual funds. Shares owned by individuals account for 22.48%. As the largest shareholder in COOP with 14.60% of the stake, BlackRock Fund Advisors holds 9,761,065 shares worth 9,761,065. A second-largest stockholder of COOP, The Vanguard Group, Inc., holds 7,026,187 shares, controlling over 10.51% of the firm’s shares. Omega Advisors, Inc. is the third largest shareholder in COOP, holding 3,054,000 shares or 4.57% stake. With a 7.05% stake in COOP, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,710,088 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.90% of COOP stock, is the second-largest Mutual Fund holder. It holds 1,941,201 shares valued at 112.53 million. Vanguard Small Cap Index Fund holds 2.38% of the stake in COOP, owning 1,588,623 shares worth 92.09 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, COOP reported revenue of $649.00M and operating income of $210.00M. The EBITDA in the recently reported quarter was $219.00M and diluted EPS was $2.03.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COOP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With COOP analysts setting a high price target of $72.00 and a low target of $58.00, the average target price over the next 12 months is $65.00. Based on these targets, COOP could surge 32.69% to reach the target high and rise by 6.89% to reach the target low. Reaching the average price target will result in a growth of 19.79% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded COOP stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 76,770 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 31 over the past year. The total number of shares bought during that period was 756,864 while 670,661 shares were sold.