NYSE:TNETTriNet Group Stock Price, Forecast & News

TriNet Group's stock was trading at $50.09 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TNET stock has increased by 19.9% and is now trading at $60.06. 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) released its quarterly earnings results on Tuesday, April, 28th. The business services provider reported $1.41 EPS for the quarter, topping analysts' consensus estimates 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%. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. View TriNet Group's earnings history.

3 analysts have issued twelve-month price objectives for TriNet Group's shares. Their forecasts range from $44.00 to $80.00. On average, they expect TriNet Group's stock price to reach $62.00 in the next year. This suggests a possible upside of 3.2% from the stock's current price. View analysts' price targets for TriNet Group.

News stories about TNET stock have trended extremely negative on Sunday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog 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 -5.0 on InfoTrie's scale. They also assigned headlines about the business services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutTriNet Group.

TriNet Group saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,210,000 shares, a decrease of 7.0% from the April 30th total of 3,450,000 shares. Based on an average daily volume of 620,500 shares, the days-to-cover ratio is currently 5.2 days. Approximately 7.8% of the shares of the company are sold short. View TriNet Group's Current Options Chain.

Some companies that are related to TriNet Group include Ctrip.Com International (CTRP), Broadridge Financial Solutions (BR), Zillow Group (Z), Zillow Group (ZG), Fair Isaac (FICO), LYFT (LYFT), The Western Union (WU), Etsy (ETSY), WEX (WEX), Nielsen (NLSN), GrubHub (GRUB), CDK Global (CDK), Farfetch (FTCH), Ritchie Bros. Auctioneers (RBA) and MAXIMUS (MMS). 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 number of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (10.89%), ArrowMark Colorado Holdings LLC (7.66%), Cantillon Capital Management LLC (5.92%), BlackRock Inc. (4.90%), TimesSquare Capital Management LLC (2.07%) and Harbor Spring Capital LLC (1.52%). 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 TimesSquare Capital Management LLC, Emerald Mutual Fund Advisers Trust, Emerald Advisers LLC, Cramer Rosenthal Mcglynn LLC, Janus Henderson Group PLC, BlackRock Inc., Morgan Stanley, and Mercer Global Advisors Inc. ADV. 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.

TNET stock was acquired by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Harbor Spring Capital LLC, Wellington Management Group LLP, Russell Investments Group Ltd., Two Sigma Advisers LP, Reinhart Partners Inc., Bogle Investment Management L P DE, and Massachusetts Financial Services Co. MA. 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 $60.06.

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]