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Tuesday, September 26, 2023

It’s Not Over Yet For TriNet Group Inc. (NYSE: TNET)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for TriNet Group Inc. (TNET) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $113.00. The TriNet Group Inc. has recorded 61,006 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Tony Award-Winner Myles Frost, Country Music Artist Lauren Davidson, and South Africa’s Mzansi Youth Choir to Perform at TriNet PeopleForce 2023.

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Stocks Info

TriNet Group Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Staffing & Employment Services industry. The current market capitalization of TriNet Group Inc. is $6.66B. A total of 0.54 million shares were traded on the day, compared to an average of 609.59K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, TNET has seen 7 BUY and 32 SELL insider trades, representing the acquisition of 24,809 and the disposition of 3,404,628 shares. Over the last 12 months, there were 44 BUYs and 113 SELLs from insiders. Insiders purchased 388,877 shares during that period but sold 3,739,493.

In the most recent transaction, WELLINGTON SAMANTHA sold 10,225 shares of TNET for 111.19 per share on Aug 31. After the transaction, the EVP, CLO and SECRETARY now owns 85,012 company shares. In a previous transaction on Aug 31, TUMINELLI KELLY L sold 4,253 shares at 111.49 per share. TNET shares that EVP & CHIEF FINANCIAL OFFICER owns now total 90,823.

Among the insiders who sold shares, Clark Ralph A. disposed of 1,000 shares on Aug 31 at a per-share price of $110.87. This resulted in the Director holding 7,741 shares of TNET after the transaction. In another insider transaction, Goldfield Burton M. sold 3,164 shares at $107.24 per share on Aug 30. Company shares held by the PRESIDENT, CEO and DIRECTOR now total 170,703.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for TNET in the last 3 months, the mean price target is $109.00 with high estimates of $125.00 and low estimates of $87.00. In terms of 52-week highs and lows, TNET has a high of $112.13 and a low of $60.60.

As of this writing, TNET has an earnings estimate of $1.41 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.48 per share and a lower estimate of $1.39. The company reported an EPS of $2.49 in the last quarter, which was 24.50% higher than expectations of $2.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TNET’s latest balance sheet shows that the firm has $747.00M in Cash & Short Term Investments as of fiscal 2021. There were $547.00M in debt and $1.74B in liabilities at the time. Its Book Value Per Share was $15.25, while its Total Shareholder’s Equity was $881.00M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TNET is Buy with a score of 4.00.

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