TriNet Group (TNET) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last year. 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.
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5 brokerages have issued 12-month target prices for TriNet Group's shares. Their TNET share price forecasts range from $70.00 to $115.00. On average, they anticipate the company's share price to reach $88.00 in the next year. This suggests that the stock has a possible downside of 6.9%.
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TriNet Group's stock was trading at $67.80 at the beginning of 2023. Since then, TNET shares have increased by 39.4% and is now trading at $94.53.
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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 trading volume, of 408,900 shares, the days-to-cover ratio is currently 6.4 days. Currently, 4.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our TNET earnings forecast.

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, topping analysts' consensus estimates of $1.77 by $0.58. The business services provider had revenue of $394 million for the quarter, compared to the consensus estimate of $364.55 million. TriNet Group had a net margin of 6.96% and a trailing twelve-month return on equity of 47.82%.

ETFs with the largest weight of TriNet Group (NYSE:TNET) stock in their portfolio include SRH U.S. Quality ETF (SRHQ), Janus Henderson Small Cap Growth Alpha ETF (JSML), Distillate Small/Mid Cash Flow ETF (DSMC), First Trust Active Factor Mid Cap ETF (AFMC), Nuveen ESG Small-Cap ETF (NUSC), Gotham 1000 Value ETF (GVLU), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and Principal U.S. Small-Cap Multi-Factor ETF (PSC).

TriNet Group issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) 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.

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 investors 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.
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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 $94.53.

TriNet Group (NYSE:TNET) has a market capitalization of $5.62 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.

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.