S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield
All the trading advice you’ve ever received boils down to this (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Peek inside Joe Biden's campaign fundraisers, where big money mingles with old jokes in swanky homes
All the trading advice you’ve ever received boils down to this (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield
All the trading advice you’ve ever received boils down to this (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Peek inside Joe Biden's campaign fundraisers, where big money mingles with old jokes in swanky homes
All the trading advice you’ve ever received boils down to this (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield
All the trading advice you’ve ever received boils down to this (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Peek inside Joe Biden's campaign fundraisers, where big money mingles with old jokes in swanky homes
All the trading advice you’ve ever received boils down to this (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield
All the trading advice you’ve ever received boils down to this (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Peek inside Joe Biden's campaign fundraisers, where big money mingles with old jokes in swanky homes
All the trading advice you’ve ever received boils down to this (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions

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

$86.99
+0.02 (+0.02%)
(As of 11/7/2023)
Compare
Today's Range
$86.97
$87.01
50-Day Range
$85.43
$86.99
52-Week Range
$50.30
$87.01
Volume
4.22 million shs
Average Volume
1.04 million shs
Market Capitalization
$6.18 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$84.77

New Relic MarketRank™ Stock Analysis

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
2.6% Downside
$84.77 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.06mentions of New Relic in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.71) to ($0.40) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.41 out of 5 stars

Computer And Technology Sector

528th out of 586 stocks

Prepackaged Software Industry

175th out of 198 stocks


NEWR stock logo

About New Relic Stock (NYSE:NEWR)

New Relic, Inc., a software-as-a-service company, delivers a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. It offers a suite of products on its open and extensible cloud-based platform, which enables users to collect, store, and analyze telemetry data. The company's platform also provides New Relic Instant Observability, an open-source ecosystem of quickstarts that delivers pre-built integrations, dashboards, and alerts for approximately 450 technologies and frameworks; and supports custom app development through common open-source frameworks, a library of existing applications, and a development environment. It sells its products through direct sales organizations, and online and offline sales in the United States and internationally. New Relic, Inc. was founded in 2007 and is headquartered in San Francisco, California.

NEWR Stock Price History

NEWR Stock News Headlines

StockNews.com Initiates Coverage on New Relic (NYSE:NEWR)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
New Relic Tightens AI Observability Mechanics
New Relic Named an APM Leader by GigaOm
Top Buy the Dip Prospects Near 52-Week Highs
META vs. NEWR: Which Stock Is the Better Value Option?
New Relic Launches Session Replay
See More Headlines
Receive NEWR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for New Relic and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
10/27/2023
Today
12/09/2023
Next Earnings (Estimated)
2/06/2024
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Employees
2,663
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$84.77
High Stock Price Target
$90.00
Low Stock Price Target
$73.00
Potential Upside/Downside
-2.6%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
13 Analysts

Profitability

Net Income
$-180,250,000.00
Pretax Margin
-12.73%

Debt

Sales & Book Value

Annual Sales
$925.63 million
Book Value
$5.46 per share

Miscellaneous

Free Float
54,688,000
Market Cap
$6.18 billion
Optionable
Optionable
Beta
0.84
13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report














NEWR Stock Analysis - Frequently Asked Questions

Should I buy or sell New Relic stock right now?

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.
View NEWR analyst ratings
or view top-rated stocks.

What is New Relic's stock price target for 2024?

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%.
View analysts price targets for NEWR
or view top-rated stocks among Wall Street analysts.

How have NEWR shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is New Relic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our NEWR earnings forecast
.

How were New Relic's earnings last quarter?

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.

What is Lew Cirne's approval rating as New Relic's CEO?

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.

What other stocks do shareholders of New Relic own?

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).

When did New Relic IPO?

(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.

Who are New Relic's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of New Relic?

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.
Compare Top Brokerages Here.

This page (NYSE:NEWR) was last updated on 12/9/2023 by MarketBeat.com Staff

My Account -