TriNet Group Inc. (NYSE:TNET) finished Thursday with a subtraction of -$0.87 to close at $105.58, a downside of -0.82 percent. An average of 863,680 shares of common stock have been traded in the last five days. There was a gain of $0.80 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 511,875 shares traded, while the 50-day average volume stands at 381,868.
TNET stock has increased by 10.37% in the last month. The company shares reached their 1-month lowest point of $95.24 on 07/26/23. With the stock rallying to its 52-week high on 06/09/23, shares of the company touched a low of $60.60 and a high of $111.85 in 52 weeks. It has reached a new high 22 times so far this year and achieved 55.72% or $37.78 in price. In spite of this, the price is down -5.61% from the 52-week high.
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Insider Transactions
TNET stock investors should be aware that TriNet Group Inc. (TNET) stock had its last reported insider trading activity 7 days ago on Aug 18. In this transaction, the insider spent $202,078. PRESIDENT, CEO and DIRECTOR, Goldfield Burton M., disposed of 1,509 shares at a price of $106.38 on Aug 16. The insider now owns more than $160,527 worth of shares. Prior to that, PRESIDENT, CEO and DIRECTOR Goldfield Burton M. went on to Sale 4,621 shares at $106.16 each on Aug 15. An amount of $490,569 was transacted.
Valuation Metrics
TriNet Group Inc. (TNET) has a trailing price-to-earnings (P/E) ratio of 19.06. The stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.27, the price-to-book (PB) ratio at 6.92, and the price-to-cash flow ratio at 14.24.
Financial Health
The quick ratio of TriNet Group Inc. for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.54 and a total debt to equity ratio of 0.54 for the quarter ending June 29. TriNet Group Inc.’s EBITDA margin for the year ending June 29 is 12.04%, while its operating margin for the same period stands at 9.00%. Its gross profit as reported stood at $1.12 billion compared to revenue of $4.88 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, TriNet Group Inc.’s return on assets was 10.00%.
Earnings Surprise
For the three-month period that ended June 29, TriNet Group Inc. had $496.0 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $83.0 million in the quarter, while revenues were shrunk -2.41%. The analyst consensus anticipated TriNet Group Inc.’s latest quarter earnings to come in at $1.35 per share, but it turned out to be $1.74, a 28.90% surprise. For the quarter, EBITDA amounted to $123.0 million. Shareholders own equity worth $59.68 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at TriNet Group Inc. (TNET) price momentum. RSI 9-day as of the close on 24 August was 58.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 10.60%.
As of today, TNET’s price is $105.56 +0.76% or $0.80 from its 5-day moving average. TNET is currently trading +4.53% higher than its 20-day SMA and +30.98% higher than its 100-day SMA. However, the stock’s current price level is +2.50% above the SMA50 and +70.98% above the SMA200.
The stochastic %K and %D were 65.89% and 64.20%, respectively, and the average true range (ATR) was 1.51. With the 14-day stochastic at 55.23% and the average true range at 1.74, the RSI (14) stands at 60.74%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.20.
Analyst Ratings
TD Cowen upgraded TriNet Group Inc. (NYSE: TNET) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for TriNet Group Inc. (TNET) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell TNET, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is TNET’s price target for the next 12 months?
Analysts predict a range of price targets between $87.00 and $125.00, with a median target of $107.00. Taking a look at these predictions, the average price target given by analysts for TriNet Group Inc. (TNET) stock is $109.00.
