Somewhat Positive News Coverage Somewhat Unlikely to Impact TriNet Group (TNET) Stock Price

News articles about TriNet Group (NYSE:TNET) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TriNet Group earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 47.3278153062397 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

TriNet Group (NYSE TNET) opened at $39.80 on Friday. TriNet Group has a twelve month low of $24.47 and a twelve month high of $45.25. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.00. The stock has a market capitalization of $2,779.41, a P/E ratio of 21.06 and a beta of 2.78.

Several research firms have commented on TNET. Zacks Investment Research raised TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Thursday, November 9th. Morgan Stanley upped their price target on TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, November 3rd. Finally, BidaskClub raised TriNet Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $38.00.

In other news, insider Michael P. Murphy sold 631 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $42.40, for a total value of $26,754.40. Following the completion of the transaction, the insider now directly owns 12,553 shares of the company’s stock, valued at approximately $532,247.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Burton M. Goldfield sold 17,809 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $41.78, for a total value of $744,060.02. Following the completion of the transaction, the chief executive officer now directly owns 32,234 shares of the company’s stock, valued at $1,346,736.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,663 shares of company stock valued at $7,739,446. 42.40% of the stock is currently owned by insiders.

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About TriNet Group

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.

Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

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