TriNet Group - TNET Stock Forecast, Price & News

4 Wall Street 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 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 brokerages have issued 12-month price targets for TriNet Group's stock. Their TNET share price forecasts range from $67.00 to $96.00. On average, they anticipate the company's stock price to reach $79.50 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
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TriNet Group's stock was trading at $67.80 at the start of the year. Since then, TNET stock has increased by 12.2% and is now trading at $76.04.
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TriNet Group saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 1,380,000 shares, an increase of 25.5% from the December 15th total of 1,100,000 shares. Based on an average daily volume of 313,000 shares, the days-to-cover ratio is currently 4.4 days. Currently, 2.4% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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TriNet Group, Inc. (NYSE:TNET) released its quarterly earnings data on Sunday, October, 24th. The business services provider reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.52. The business services provider earned $1.10 billion during the quarter, compared to analysts' expectations of $246.40 million. TriNet Group had a net margin of 7.71% and a trailing twelve-month return on equity of 51.00%. The firm's revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS.

TriNet Group issued an update on its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of 0-$0.50 for the period, compared to the consensus EPS 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 retail and institutional investors. Top institutional shareholders include Reinhart Partners Inc. (0.63%), Wedge Capital Management L L P NC (0.17%), Osborne Partners Capital Management LLC (0.13%), Congress Asset Management Co. MA (0.08%), Comerica Bank (0.05%) and Allspring Global Investments Holdings LLC (0.05%). 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, 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 $76.04.

TriNet Group (NYSE:TNET) has a market capitalization of $4.73 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.