TriNet Group - TNET Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TNET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TNET, but not buy additional shares or sell existing shares.
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4 analysts have issued twelve-month price targets for TriNet Group's stock. Their TNET share price forecasts range from $70.00 to $96.00. On average, they expect the company's stock price to reach $80.25 in the next year. This suggests a possible upside of 13.0% from the stock's current price.
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TriNet Group's stock was trading at $95.26 on January 1st, 2022. Since then, TNET shares have decreased by 25.5% and is now trading at $71.01.
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TriNet Group saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,440,000 shares, a drop of 20.0% from the October 31st total of 1,800,000 shares. Based on an average daily volume of 262,500 shares, the days-to-cover ratio is presently 5.5 days. Approximately 2.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
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TriNet Group, Inc. (NYSE:TNET) posted its earnings results on Tuesday, October, 25th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.63. The business services provider had revenue of $369 million for the quarter, compared to analyst estimates of $302.92 million. TriNet Group had a trailing twelve-month return on equity of 51.00% and a net margin of 7.71%.

TriNet Group updated its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share (EPS) guidance of 0-$0.50 for the period, compared to the consensus estimate of $0.72. The company issued revenue guidance of $1.21 billion-$1.23 billion, compared to the consensus revenue estimate of $1.29 billion.

429 employees have rated TriNet Group Chief Executive Officer Burton M. Goldfield on Glassdoor.com. Burton M. Goldfield has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other TriNet Group investors own include NVIDIA (NVDA), Home Depot (HD), Tesla (TSLA), Advanced Micro Devices (AMD), Walt Disney (DIS), Micron Technology (MU), Netflix (NFLX), Block (SQ), Verizon Communications (VZ) and Applied Materials (AMAT).

TriNet Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNET."

TriNet Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.80%), Cantillon Capital Management LLC (5.70%), BlackRock Inc. (4.20%), Dimensional Fund Advisors LP (2.08%), State Street Corp (1.27%) and Reinhart Partners Inc. (0.63%). Insiders that own company stock include Barrett Boston, Burton M Goldfield, Burton M Goldfield, Edward Griese, H Raymond Bingham, Jonathan D Lee, Katherine August-Dewilde, Kenneth A Goldman, LP Agi-T, Martin Babinec, Michael P Murphy, Olivier Kohler, Paul Edward Chamberlain, Ralph A Clark, Samantha Wellington, Stephen Davis and Wayne B Lowell.
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Shares of TNET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TNET stock can currently be purchased for approximately $71.01.

TriNet Group (NYSE:TNET) has a market capitalization of $4.42 billion and generates $4.54 billion in revenue each year. The business services provider earns $338 million in net income (profit) each year or $5.81 on an earnings per share basis.

The company employs 2,800 workers across the globe.

TriNet Group's mailing address is ONE PARK PLACE SUITE 600, DUBLIN CA, 94568. The official website for the company is www.trinet.com. The business services provider can be reached via phone at (510) 352-5000, via email at investorrelations@trinet.com, or via fax at 510-352-6480.