TriNet Group (TNET) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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5 Wall Street analysts have issued twelve-month price targets for TriNet Group's stock. Their TNET share price forecasts range from $70.00 to $135.00. On average, they anticipate the company's share price to reach $99.67 in the next twelve months. This suggests that the stock has a possible downside of 13.1%.
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TriNet Group's stock was trading at $67.80 at the beginning of the year. Since then, TNET shares have increased by 69.2% and is now trading at $114.69.
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TriNet Group saw a increase in short interest in August. As of August 31st, there was short interest totaling 4,740,000 shares, an increase of 330.9% from the August 15th total of 1,100,000 shares. Based on an average daily trading volume, of 606,800 shares, the days-to-cover ratio is currently 7.8 days. Currently, 8.5% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
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TriNet Group, Inc. (NYSE:TNET) announced its earnings results on Wednesday, July, 26th. The business services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.45. The business services provider had revenue of $341 million for the quarter, compared to the consensus estimate of $310.34 million. TriNet Group had a net margin of 6.91% and a trailing twelve-month return on equity of 45.40%.

ETFs with the largest weight of TriNet Group (NYSE:TNET) stock in their portfolio include SRH U.S. Quality ETF (SRHQ), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Harbor Small Cap Explorer ETF (QWST), First Trust Active Factor Mid Cap ETF (AFMC) and RiverNorth Patriot ETF (FLDZ).Dimensional U.S. Small Cap ETF (DFAS).

TriNet Group issued an update on its third quarter 2023 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $1.25-$1.50 for the period, compared to the consensus EPS estimate of $1.19. The company issued revenue guidance of $1.23 billion-$1.24 billion, compared to the consensus revenue estimate of $1.25 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 number of institutional and retail investors. Top institutional investors include Cantillon Capital Management LLC (5.84%), BlackRock Inc. (4.37%), Dimensional Fund Advisors LP (2.35%), Earnest Partners LLC (1.87%), State Street Corp (1.33%) and Geode Capital Management LLC (1.17%). Insiders that own company stock include Alexander G Warren, Burton M Goldfield, Burton M Goldfield, Edward Griese, H Raymond Bingham, Jonathan D Lee, Kelly L Tuminelli, LP Agi-T, Martin Babinec, 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 $114.69.

TriNet Group (NYSE:TNET) has a market capitalization of $6.84 billion and generates $4.89 billion in revenue each year. The business services provider earns $355 million in net income (profit) each year or $5.55 on an earnings per share basis.

The company employs 3,600 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.