The stock price of TriNet Group Inc (NYSE: TNET) has plunged by -11.18 when compared to previous closing price of 126.78, but the company has seen a -12.21% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that TriNet Group (TNET) came out with quarterly earnings of $2.16 per share, missing the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.49 per share a year ago.
Is It Worth Investing in TriNet Group Inc (NYSE: TNET) Right Now?
TriNet Group Inc (NYSE: TNET) has a higher price-to-earnings ratio of 17.32x compared to its average ratio. TNET has 36-month beta value of 1.10. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 2 as “sell.”
The public float for TNET is 49.19M, and currently, short sellers hold a 2.40% ratio of that float. The average trading volume of TNET on April 26, 2024 was 226.17K shares.
TNET’s Market Performance
TNET’s stock has seen a -12.21% decrease for the week, with a -14.86% drop in the past month and a -2.50% fall in the past quarter. The volatility ratio for the week is 1.79%, and the volatility levels for the past 30 days are at 2.02% for TriNet Group Inc The simple moving average for the last 20 days is -13.09% for TNET stock, with a simple moving average of -2.71% for the last 200 days.
Analysts’ Opinion of TNET
Many brokerage firms have already submitted their reports for TNET stocks, with UBS repeating the rating for TNET by listing it as a “Neutral.” The predicted price for TNET in the upcoming period, according to UBS is $110 based on the research report published on November 07, 2023 of the previous year 2023.
TD Cowen, on the other hand, stated in their research note that they expect to see TNET reach a price target of $125, previously predicting the price at $95. The rating they have provided for TNET stocks is “Outperform” according to the report published on August 07th, 2023.
Needham gave a rating of “Buy” to TNET, setting the target price at $115 in the report published on May 12th of the previous year.
TNET Trading at -11.93% from the 50-Day Moving Average
After a stumble in the market that brought TNET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.39% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares sank -15.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.31% lower at present.
During the last 5 trading sessions, TNET fell by -13.71%, which changed the moving average for the period of 200-days by +21.38% in comparison to the 20-day moving average, which settled at $128.52. In addition, TriNet Group Inc saw -5.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TNET starting from Goldfield Burton M., who sale 16,200 shares at the price of $124.63 back on Feb 22 ’24. After this action, Goldfield Burton M. now owns 364,479 shares of TriNet Group Inc, valued at $2,018,956 using the latest closing price.
WELLINGTON SAMANTHA, the EVP, CLO and SECRETARY of TriNet Group Inc, sale 14,271 shares at $124.88 during a trade that took place back on Feb 22 ’24, which means that WELLINGTON SAMANTHA is holding 48,562 shares at $1,782,231 based on the most recent closing price.
Stock Fundamentals for TNET
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.22 for the gross margin
The net margin for TriNet Group Inc stands at 0.08. The total capital return value is set at 0.38. Equity return is now at value 87.92, with 10.51 for asset returns.
Based on TriNet Group Inc (TNET), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at 14.19. The interest coverage ratio of the stock is 11.72.
Currently, EBITDA for the company is 590.0 million with net debt to EBITDA at -0.67. When we switch over and look at the enterprise to sales, we see a ratio of 1.07. The receivables turnover for the company is 10.58for trailing twelve months and the total asset turnover is 1.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
To put it simply, TriNet Group Inc (TNET) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
