TriNet Group Stock Forecast, Price & 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. Since then, TNET stock has increased by 50.1% and is now trading at $75.20.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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TriNet Group is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for TriNet Group.

TriNet Group, Inc. (NYSE:TNET) issued its quarterly earnings results on Monday, October, 26th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.40. The business services provider earned $216 million during the quarter, compared to the consensus estimate of $179.43 million. TriNet Group had a net margin of 8.03% and a return on equity of 60.66%. The business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 EPS.
View TriNet Group's earnings history.

TriNet Group issued an update on its fourth quarter earnings guidance on Monday, October, 26th. The company provided earnings per share (EPS) guidance of $0.00-0.32 for the period, compared to the Thomson Reuters consensus estimate of $0.05. The company issued revenue guidance of $226-231 million, compared to the consensus revenue estimate of $173.24 million.

4 brokerages have issued 1-year target prices for TriNet Group's stock. Their forecasts range from $66.00 to $82.00. On average, they expect TriNet Group's share price to reach $75.67 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
View analysts' price targets for TriNet Group.

Some companies that are related to TriNet Group include Trip.com Group (TCOM), Etsy (ETSY), Farfetch (FTCH), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), Fair Isaac (FICO), Lyft (LYFT), The Western Union (WU), WEX (WEX), Ritchie Bros. Auctioneers (RBA), Grubhub (GRUB), Fiverr International (FVRR), CDK Global (CDK), Nielsen (NLSN) and HealthEquity (HQY).
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Based on aggregate information from My MarketBeat watchlists, some companies that other TriNet Group investors own include NVIDIA (NVDA), The Home Depot (HD), Tesla (TSLA), Advanced Micro Devices (AMD), The Walt Disney (DIS), Micron Technology (MU), Netflix (NFLX), Square (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 many different institutional and retail investors. Top institutional investors include ArrowMark Colorado Holdings LLC (6.75%), Cantillon Capital Management LLC (6.05%), BlackRock Inc. (4.46%), Teacher Retirement System of Texas (1.56%), State Street Corp (1.25%) and Harbor Spring Capital LLC (1.22%). Company insiders that own TriNet Group stock include Barrett Boston, Burton M Goldfield, Edward Griese, H Raymond Bingham, Katherine August-Dewilde, 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 ArrowMark Colorado Holdings LLC, BlackRock Inc., Harbor Spring Capital LLC, State Street Corp, Cantillon Capital Management LLC, Acadian Asset Management LLC, Wells Fargo & Company MN, and Emerald Advisers LLC. Company insiders that have sold TriNet Group company stock in the last year include Barrett Boston, Burton M Goldfield, Edward Griese, H Raymond Bingham, Katherine August-Dewilde, 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 bought by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Morgan Stanley, Assenagon Asset Management S.A., Voloridge Investment Management LLC, JPMorgan Chase & Co., AXA S.A., Jennison Associates LLC, and Cubist Systematic Strategies LLC.
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 $75.20.

TriNet Group has a market capitalization of $5.01 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 2,800 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]