NYSE:TNETTriNet Group Stock Price, Forecast & News

TriNet Group's stock was trading at $50.09 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TNET stock has decreased by 1.8% and is now trading at $49.18. 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) issued its earnings results on Tuesday, April, 28th. The business services provider reported $1.41 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.83 by $0.58. The business services provider earned $283 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. View TriNet Group's earnings history.

3 brokers have issued 1-year price targets for TriNet Group's shares. Their forecasts range from $44.00 to $80.00. On average, they expect TriNet Group's share price to reach $62.00 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price. View analysts' price targets for TriNet Group.

News headlines about TNET stock have trended extremely negative on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. TriNet Group earned a media sentiment score of -4.5 on InfoTrie's scale. They also assigned news articles 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 effect on the company's share price in the next several days. View the latest news aboutTriNet Group.

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

Some companies that are related to TriNet Group include Trip.com Group (TCOM), Zillow Group (Z), Zillow Group (ZG), Fair Isaac (FICO), LYFT (LYFT), Etsy (ETSY), The Western Union (WU), WEX (WEX), GrubHub (GRUB), Nielsen (NLSN), CDK Global (CDK), Farfetch (FTCH), Ritchie Bros. Auctioneers (RBA), MAXIMUS (MMS) and Healthequity (HQY). 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 institutional and retail 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 $49.18.

TriNet Group has a market capitalization of $3.31 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]