The stock of TriNet Group Inc. (NYSE:TNET) increased by $0.23 on Monday to finish at $106.29, up 0.22 percent. The last five days have seen an average of 2,410,060 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $38.49. The average number of shares traded over the last 20 days was 887,780, while the average volume over the last 50 days totaled 527,962.
TNET stock appreciated 5.86% since last month. On 08/02/23, the company’s shares reached a one-month low of $103.00. The stock touched a high of $111.85 on 06/09/23, after rallying from a low of $60.60 in 52 weeks. The price of TNET stock has risen by 56.77% or $38.49 this year, reaching a new high 22 times. Still, the stock price is down -4.97% 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 5 days ago on Aug 24. On Aug 24, PRESIDENT, CEO and DIRECTOR Goldfield Burton M. sold 2,786 shares at $106.29 each. This transaction resulted in the insider making $296,115. On Aug 23, Goldfield Burton M. sold 3,660 shares at a price of US$106.34. After the transaction, the insider now owns 170,703 shares. SVP, CHIEF REVENUE OFFICER Warren Alexander G. had earlier sold 1,928 shares on Aug 18 for $104.81 a share. The transaction was completed for $202,078.
Valuation Metrics
TriNet Group Inc. (TNET) has a trailing price-to-earnings (P/E) ratio of 19.19. Beta for the stock is 1.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.28, the price-to-book (PB) ratio of 6.97, and the price-to-cash flow ratio of 14.35.
Financial Health
For the three months ended June 29, TriNet Group Inc.’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.54, and the total debt to equity ratio is 0.54. As far as profitability goes, gross margin for the trailing twelve months is 22.30% percent. TriNet Group Inc.’s EBITDA margin for the year ended June 29 was 12.04%, whereas its operating margin stood at 9.00% for the same period. Based on annual data, it had gross profit of $1.12 billion and revenue of $4.88 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TNET’s return on assets (ROA) during the last 12 months has been 10.00%. There was a 29.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 40.20%.
Earnings Surprise
According to TriNet Group Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.21 billion, while revenues rose by 0.74% to $1.25 billion. It was predicted that TriNet Group Inc.’s quarterly earnings would be $1.74, but it ended up being $1.35, beating the consensus by 28.90%. EBITDA was $123.0 million for the quarter. At the end of TriNet Group Inc.’s most recent quarter ended June 29, its liabilities totaled 2.38 billion, while its total debt was $544.0 million. Equity owned by shareholders amounts to $59.68 million.
Technical Picture
Here’s a quick look at TriNet Group Inc.’s (TNET) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 63.11%, suggesting the stock is Neutral, with a 10.56% historical volatility rate.
The stochastic %K and %D were 71.83% and 70.70% respectively, while the average true range (ATR) was 1.42. Based on the 14-day stochastic reading of 84.94%, the RSI (14) reading is 63.12%. On the 9-day MACD Oscillator, the stock is at 0.38, and the 14-day reading is at 0.33.
Analyst Ratings
In its most recent analyst report, TD Cowen raised its rating on TriNet Group Inc. (NYSE: TNET) to an Outperform. Prior to this, analysts firm rated the stock as a Market perform. Analysts have assigned TriNet Group Inc. (TNET) an Overweight rating. TNET is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is TNET’s price target for the next 12 months?
The current consensus forecast for the stock is between $87.00 and $125.00, with a median target price of $107.00. In analyzing these forecasts, the average price target given by analysts for TriNet Group Inc. (TNET) is $109.00.
