TNET Stock Summary and Trading Ideas (Trinet Group | NYSE:TNET)

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

Trinet Group trades on the NYSE stock market under the symbol TNET.

As of September 27, 2024, TNET stock price climbed to $96.21 with 148,023 million shares trading.

TNET has a beta of 0.69, meaning it tends to be less sensitive to market movements. TNET has a correlation of 0.07 to the broad based SPY ETF.

TNET has a market cap of $4.78 billion. This is considered a Mid Cap stock.

Last quarter Trinet Group reported $1 billion in Revenue and $1.53 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.25.

In the last 3 years, TNET traded as high as $134.67 and as low as $60.61.

The top ETF exchange traded funds that TNET belongs to (by Net Assets): VTI, IWM, VB, VXF, VBK.

TNET has underperformed the market in the last year with a price return of -14.6% while the SPY ETF gained +35.8%. TNET has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.9% and +0.2%, respectively, while the SPY returned +5.1% and +2.5%, respectively.

TNET support price is $93.95 and resistance is $97.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TNET shares will trade within this expected range on the day.