TriNet Group Inc [TNET] stock is trading at $92.99, down -0.10%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TNET shares have gain 9.54% over the last week, with a monthly amount drifted -4.70%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
TriNet Group Inc [NYSE: TNET] stock has seen the most recent analyst activity on October 28, 2024, when Needham downgraded its rating to a Hold. On November 07, 2023, UBS initiated with a Neutral rating and assigned a price target of $110 on the stock. TD Cowen upgraded its rating to a Outperform and increased its price target to $125 on August 07, 2023. Needham initiated its recommendation with a Buy and recommended $115 as its price target on May 12, 2023. Cowen started tracking with a Market Perform rating for this stock on September 08, 2022, and assigned it a price target of $83. In a note dated August 16, 2022, JP Morgan downgraded an Underweight rating on this stock and boosted its target price from $89 to $96.
TriNet Group Inc [TNET] stock has fluctuated between $74.32 and $134.67 over the past year. Currently, Wall Street analysts expect the stock to reach $140 within the next 12 months. TriNet Group Inc [NYSE: TNET] shares were valued at $92.99 at the most recent close of the market. An investor can expect a potential return of 50.55% based on the average TNET price forecast.
Analyzing the TNET fundamentals
TriNet Group Inc [NYSE:TNET] reported sales of 4.97B for the trailing twelve months, which represents a growth of 1.23%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 2.34 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 8.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 91.66 points at the first support level, and at 90.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.19, and for the 2nd resistance point, it is at 95.40.
Ratios To Look Out For
For context, TriNet Group Inc’s Current Ratio is 1.07. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 35.76 and price to earnings (TTM) ratio is 17.97.
Transactions by insiders
Recent insider trading involved Chamberlain Paul Edward, Director, that happened on Oct 30 ’24 when 375.0 shares were sold. Director, PAUL CHAMBERLAIN completed a deal on Oct 30 ’24 to buy 375.0 shares. Meanwhile, EVP & CHIEF FINANCIAL OFFICER TUMINELLI KELLY L sold 4683.0 shares on Aug 29 ’24.
