NYSE:TNETTriNet Group Stock Price, Forecast & News

TriNet Group's stock was trading at $50.09 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TNET stock has increased by 19.8% and is now trading at $60.00. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TriNet Group.

TriNet Group is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for TriNet Group.

TriNet Group Inc (NYSE:TNET) posted its earnings results on Tuesday, April, 28th. The business services provider reported $1.41 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.83 by $0.58. The business services provider had revenue of $283 million for the quarter, compared to analysts' expectations of $245.95 million. TriNet Group had a return on equity of 48.47% and a net margin of 6.05%. TriNet Group's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. View TriNet Group's earnings history.

3 brokers have issued 12-month target prices for TriNet Group's shares. Their forecasts range from $44.00 to $80.00. On average, they anticipate TriNet Group's share price to reach $62.00 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price. View analysts' price targets for TriNet Group.

News coverage about TNET stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TriNet Group earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about TriNet Group.

TriNet Group saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,850,000 shares, a decrease of 10.1% from the June 15th total of 3,170,000 shares. Based on an average daily volume of 413,800 shares, the days-to-cover ratio is currently 6.9 days. Currently, 7.0% of the shares of the stock are short sold. View TriNet Group's Current Options Chain.

Some companies that are related to TriNet Group include Ctrip.Com International (CTRP), Trip.com Group (TCOM), Broadridge Financial Solutions (BR), Zillow Group (Z), Etsy (ETSY), Zillow Group (ZG), Fair Isaac (FICO), LYFT (LYFT), The Western Union (WU), Farfetch (FTCH), WEX (WEX), GrubHub (GRUB), Nielsen (NLSN), CDK Global (CDK) and Ritchie Bros. Auctioneers (RBA). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other TriNet Group investors own include NVIDIA (NVDA), Tesla (TSLA), Home Depot (HD), Twitter (TWTR), Gilead Sciences (GILD), Intel (INTC), Netflix (NFLX), Verizon Communications (VZ), Boeing (BA) and Alibaba Group (BABA).

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 Reinhart Partners Inc. (0.36%) and Envestnet Asset Management Inc. (0.02%). Company insiders that own TriNet Group stock include Brady Mickelsen, Burton M Goldfield, Edward Griese, H Raymond Bingham, Kenneth A Goldman, LP Agi-T, Martin Babinec, Michael P Murphy, Paul Edward Chamberlain and Wayne B Lowell. View institutional ownership trends for TriNet Group.

TNET stock was sold by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., and Envestnet Asset Management Inc.. Company insiders that have sold TriNet Group company stock in the last year include Burton M Goldfield, Edward Griese, H Raymond Bingham, Kenneth A Goldman, Martin Babinec, Michael P Murphy, Paul Edward Chamberlain, and Wayne B Lowell. View insider buying and selling activity for TriNet Group.

Shares of TNET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TNET stock can currently be purchased for approximately $60.00.

TriNet Group has a market capitalization of $4.04 billion and generates $3.86 billion in revenue each year. The business services provider earns $212 million in net income (profit) each year or $2.90 on an earnings per share basis. TriNet Group employs 2,900 workers across the globe.

The official website for TriNet Group is www.trinet.com.

TriNet Group's mailing address is ONE PARK PLACE SUITE 600, DUBLIN CA, 94568. The business services provider can be reached via phone at 510-352-5000 or via email at [email protected]