In a report released on October 27, David Grossman from Stifel Nicolaus maintained a Buy rating on TriNet Group (TNET – Research Report), with a price target of $117.00. The company’s shares closed last Friday at $104.24.
Grossman covers the Technology sector, focusing on stocks such as TriNet Group, DocGo, and Epam Systems. According to TipRanks, Grossman has an average return of 12.2% and a 62.34% success rate on recommended stocks.
Currently, the analyst consensus on TriNet Group is a Moderate Buy with an average price target of $121.25, which is a 16.32% upside from current levels. In a report released on October 25, TD Cowen also maintained a Buy rating on the stock with a $126.00 price target.
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Based on TriNet Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.22 billion and a net profit of $94 million. In comparison, last year the company earned a revenue of $1.24 billion and had a net profit of $77 million
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TNET in relation to earlier this year.
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TriNet Group (TNET) Company Description:
TriNet Group, Inc. provides human resources solutions including industry solutions to small and mid sized businesses. Its services include payroll processing tax administration, employee benefits and a human resource technology platform with online and mobile tools and also employee onboarding and termination, compensation reporting, expense management, and benefits enrollment and administration. The company was founded by Martin Babinec in 1988 and is headquartered in Dublin, CA.
Read More on TNET:
- TriNet says first half positive trends accelerated into second half
- TriNet raises FY23 adjusted EPS view to $6.90-$7.55 from $6.25-$7.05
- TriNet sees FY23 adjusted EPS $6.90-$7.55, consensus $7.00
- TriNet sees Q4 adjusted EPS 59c-$1.33, consensus $1.26
- TriNet reports Q3 adjusted EPS $1.91, consensus $1.39
