New Relic Stock Price, News & Analysis (NYSE:NEWR)

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 12 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NEWR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEWR, but not buy additional shares or sell existing shares.
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13 Wall Street analysts have issued 1 year price targets for New Relic's stock. Their NEWR share price targets range from $73.00 to $90.00. On average, they predict the company's share price to reach $84.77 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
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New Relic's stock was trading at $56.45 on January 1st, 2023. Since then, NEWR stock has increased by 54.1% and is now trading at $86.99.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
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New Relic, Inc. (NYSE:NEWR) released its quarterly earnings data on Friday, October, 27th. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. The software maker earned $242.80 million during the quarter, compared to the consensus estimate of $250.58 million. New Relic had a negative net margin of 14.92% and a negative trailing twelve-month return on equity of 12.82%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 EPS.

ETFs with the largest weight of New Relic (NYSE:NEWR) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), iShares Future Cloud 5G and Tech ETF (IDAT), Invesco Next Gen Connectivity ETF (PXQ), Goldman Sachs Hedge Industry VIP ETF (GVIP), ROBO Global Artificial Intelligence ETF (THNQ), Fidelity Cloud Computing ETF (FCLD), Wedbush ETFMG Global Cloud Technology ETF (IVES) and LeaderShares Activist Leaders ETF (ACTV).

441 employees have rated New Relic Chief Executive Officer Lew Cirne on Glassdoor.com. Lew Cirne has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other New Relic investors own include NVIDIA (NVDA), Adobe (ADBE), Block (SQ), PayPal (PYPL), Okta (OKTA), Alibaba Group (BABA), Cisco Systems (CSCO), Micron Technology (MU), Trade Desk (TTD) and Walt Disney (DIS).

(NEWR) raised $95 million in an initial public offering (IPO) on Friday, December 12th 2014. The company issued 5,000,000 shares at $18.00-$20.00 per share. Morgan Stanley and J.P. Morgan acted as the underwriters for the IPO and Allen & Company, UBS Securities, JMP Securities and Raymond James were co-managers.

New Relic's stock is owned by many different institutional and retail investors. Top institutional shareholders include JANA Partners Management LP (4.53%), Wellington Management Group LLP (3.34%), Pentwater Capital Management LP (2.74%), Clearbridge Investments LLC (1.33%), Alpine Associates Management Inc. (1.13%) and FMR LLC (0.99%). Insiders that own company stock include David Barter, Jana Partners Llc, Kristy Friedrichs, Lewis Cirne, Mark Dodds, Mark Sachleben, Radhakrishnan Mahendran, Steve Hurn, Thomas J Lloyd, Thomas J Lloyd and William Staples.
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Shares of NEWR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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