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Is Graphite the New Lithium? (Ad)
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S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
20 Best Healthcare Dividend Stocks to Invest in
Is Graphite the New Lithium? (Ad)
Nordstrom's Earnings Beat, A Rally In The Making
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Is Graphite the New Lithium? (Ad)
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Chewy.com Gets A Mouthful Of Profits: Shares Surge, More To Come
Is Graphite the New Lithium? (Ad)
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
Okta, Inc: When Great Results Aren’t Good Enough 
S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
20 Best Healthcare Dividend Stocks to Invest in
Is Graphite the New Lithium? (Ad)
Nordstrom's Earnings Beat, A Rally In The Making
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Is Graphite the New Lithium? (Ad)
What is the Penalty for Excess Contributions to an IRA?
Chewy.com Gets A Mouthful Of Profits: Shares Surge, More To Come
Is Graphite the New Lithium? (Ad)
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
Okta, Inc: When Great Results Aren’t Good Enough 
NYSE:TNET

TriNet Group (TNET) Stock Forecast, Price & News

$91.62
+2.75 (+3.09%)
(As of 06/1/2023 ET)
Compare
Today's Range
$88.80
$92.02
50-Day Range
$76.45
$94.25
52-Week Range
$60.60
$95.61
Volume
305,214 shs
Average Volume
260,632 shs
Market Capitalization
$5.44 billion
P/E Ratio
16.60
Dividend Yield
N/A
Price Target
$88.00

TriNet Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.0% Downside
$88.00 Price Target
Short Interest
Bearish
4.89% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.08mentions of TriNet Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.27 M Sold Last Quarter
Proj. Earnings Growth
4.25%
From $4.71 to $4.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Business Services Sector

523rd out of 684 stocks

Business Services, Not Elsewhere Classified Industry

145th out of 182 stocks


TNET stock logo

About TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. provides human capital management (HCM) solutions to small and mid-sized businesses. Its services include HR expertise, benefit options, payroll services, risk mitigation, and a technology platform. The company was founded by Martin Babinec in 1988 and is headquartered in Dublin, CA.

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TNET Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
TriNet Group (NYSE:TNET) Coverage Initiated at StockNews.com
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
Analysts Set TriNet Group, Inc. (NYSE:TNET) PT at $88.00
TriNet Group (NYSE:TNET) Trading Up 5.9%
TriNet Group (NYSE:TNET) Updates Q2 2023 Earnings Guidance
TriNet Announces First Quarter 2023 Results
TriNet Group (NYSE:TNET) Sees Unusually-High Trading Volume
TriNet Group (TNET) to Release Quarterly Earnings on Wednesday
TriNet Redefining Itself as It Expands
See More Headlines

TNET Price History

TNET Company Calendar

Last Earnings
4/26/2023
Today
6/02/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Employees
3,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$88.00
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
-4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$355 million
Pretax Margin
9.40%

Debt

Sales & Book Value

Annual Sales
$4.89 billion
Cash Flow
$8.77 per share
Book Value
$13.89 per share

Miscellaneous

Free Float
37,194,000
Market Cap
$5.44 billion
Optionable
Optionable
Beta
1.16

Key Executives

  • Burton M. GoldfieldBurton M. Goldfield
    President & Chief Executive Officer
  • Tom Rose
    Senior VP-Customer Success & Operations
  • Kelly Lee Groh
    Executive VP, Chief Financial & Accounting Officer
  • Jay Venkat
    Chief Digital & Innovation Officer
  • Jeffery Hayward
    Chief Technology Officer













TNET Stock - Frequently Asked Questions

Should I buy or sell TriNet Group stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
View TNET analyst ratings
or view top-rated stocks.

What is TriNet Group's stock price forecast for 2023?

5 Wall Street research analysts have issued 12-month price objectives for TriNet Group's shares. Their TNET share price forecasts range from $70.00 to $115.00. On average, they anticipate the company's stock price to reach $88.00 in the next year. This suggests that the stock has a possible downside of 4.0%.
View analysts price targets for TNET
or view top-rated stocks among Wall Street analysts.

How have TNET shares performed in 2023?

TriNet Group's stock was trading at $67.80 on January 1st, 2023. Since then, TNET shares have increased by 35.1% and is now trading at $91.62.
View the best growth stocks for 2023 here
.

Are investors shorting TriNet Group?

TriNet Group saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,620,000 shares, an increase of 17.5% from the April 15th total of 2,230,000 shares. Based on an average daily volume of 408,900 shares, the short-interest ratio is currently 6.4 days. Approximately 4.8% of the company's stock are short sold.
View TriNet Group's Short Interest
.

When is TriNet Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our TNET earnings forecast
.

How were TriNet Group's earnings last quarter?

TriNet Group, Inc. (NYSE:TNET) issued its quarterly earnings data on Wednesday, April, 26th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.58. The business services provider earned $394 million during the quarter, compared to the consensus estimate of $364.55 million. TriNet Group had a trailing twelve-month return on equity of 47.82% and a net margin of 6.96%.

What guidance has TriNet Group issued on next quarter's earnings?

TriNet Group issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $5.40-$6.35 for the period, compared to the consensus estimate of $5.30. The company issued revenue guidance of $4.93 billion-$4.98 billion, compared to the consensus revenue estimate of $4.93 billion.

What is Burton M. Goldfield's approval rating as TriNet Group's CEO?

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.

What other stocks do shareholders of TriNet Group own?

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).

What is TriNet Group's stock symbol?

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

Who are TriNet Group's major shareholders?

TriNet Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Mawer Investment Management Ltd. (7.40%), Wellington Management Group LLP (6.41%), Cantillon Capital Management LLC (5.75%), BlackRock Inc. (4.28%), Dimensional Fund Advisors LP (2.36%) and FIL Ltd (1.39%). Insiders that own company stock include Alexander G Warren, Barrett Boston, Burton M Goldfield, Burton M Goldfield, Edward Griese, H Raymond Bingham, Jonathan D Lee, Katherine August-Dewilde, Martin Babinec, Michael P Murphy, Olivier Kohler, Paul Edward Chamberlain, Ralph A Clark, Samantha Wellington, Stephen Davis and Wayne B Lowell.
View institutional ownership trends
.

How do I buy shares of TriNet Group?

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.
Compare Top Brokerages Here.

What is TriNet Group's stock price today?

One share of TNET stock can currently be purchased for approximately $91.62.

How much money does TriNet Group make?

TriNet Group (NYSE:TNET) has a market capitalization of $5.44 billion and generates $4.89 billion in revenue each year. The business services provider earns $355 million in net income (profit) each year or $5.52 on an earnings per share basis.

How many employees does TriNet Group have?

The company employs 3,600 workers across the globe.

How can I contact TriNet Group?

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.

This page (NYSE:TNET) was last updated on 6/2/2023 by MarketBeat.com Staff

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