NYSE:TNETTriNet Group Stock Price, Forecast & News

TriNet Group's stock was trading at $50.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TNET stock has increased by 19.5% and is now trading at $59.88. 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 EPS for the quarter, topping the Zacks' 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 company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. View TriNet Group's earnings history.

3 analysts have issued 12-month price targets for TriNet Group's stock. 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 year. This suggests a possible upside of 3.5% from the stock's current price. View analysts' price targets for TriNet Group.

Headlines about TNET stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing 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 news sentiment score of -1.8 on InfoTrie's scale. They also gave news stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. 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 trading volume, of 413,800 shares, the days-to-cover ratio is currently 6.9 days. Approximately 7.0% of the company's shares are short sold. View TriNet Group's Current Options Chain.

Some companies that are related to TriNet Group include Trip.com Group (TCOM), Ctrip.Com International (CTRP), Broadridge Financial Solutions (BR), Zillow Group (Z), Etsy (ETSY), Zillow Group (ZG), Fair Isaac (FICO), LYFT (LYFT), The Western Union (WU), WEX (WEX), Farfetch (FTCH), 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 shareholders 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 $59.88.

TriNet Group has a market capitalization of $4.03 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]