Lowest-Rated StocksLowest-RatedNYSE:NEWR New Relic (NEWR) Stock Forecast, Price & News $85.41 +0.06 (+0.07%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$85.35▼$85.5750-Day Range$71.23▼$85.5052-Week Range$50.24▼$86.00Volume823,829 shsAverage Volume1.31 million shsMarket Capitalization$6.00 billionP/E RatioN/ADividend YieldN/APrice Target$81.47 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability New Relic MarketRank™ ForecastAnalyst RatingHold2.07 Rating ScoreUpside/Downside4.6% Downside$81.47 Price TargetShort InterestHealthy2.16% of Shares Sold ShortDividend StrengthN/ASustainability-0.63Upright™ Environmental ScoreNews Sentiment0.33Based on 2 Articles This WeekInsider TradingSelling Shares$2.62 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.68) to ($0.40) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.17 out of 5 starsComputer And Technology Sector344th out of 586 stocksPrepackaged Software Industry110th out of 205 stocks 2.0 Analyst's Opinion Consensus RatingNew Relic has received a consensus rating of Hold. The company's average rating score is 2.07, and is based on 1 buy rating, 13 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $81.47, New Relic has a forecasted downside of 4.6% from its current price of $85.41.Amount of Analyst CoverageNew Relic has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.16% of the outstanding shares of New Relic have been sold short.Short Interest Ratio / Days to CoverNew Relic has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in New Relic has recently decreased by 14.61%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldNew Relic does not currently pay a dividend.Dividend GrowthNew Relic does not have a long track record of dividend growth. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreNew Relic has received a 36.11% net impact score from Upright. New Relic seems to create the most significant positive value in categories "Taxes", "Creating knowledge", and "Jobs". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Data analytics services", "Cloud management tools", and "Hosted data storage services" products. See details.Environmental SustainabilityThe Environmental Impact score for New Relic is -0.63. Previous Next 1.8 News and Social Media Coverage News SentimentNew Relic has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for New Relic this week, compared to 5 articles on an average week.MarketBeat Follows8 people have added New Relic to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Relic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,622,602.00 in company stock.Percentage Held by Insiders23.00% of the stock of New Relic is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions85.93% of the stock of New Relic is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for New Relic are expected to grow in the coming year, from ($0.68) to ($0.40) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Relic is -34.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of New Relic is -34.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioNew Relic has a P/B Ratio of 17.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About New Relic (NYSE:NEWR) StockNew 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.Read More NEWR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NEWR Stock News HeadlinesSeptember 18, 2023 | americanbankingnews.comNew Relic (NYSE:NEWR) Research Coverage Started at StockNews.comSeptember 17, 2023 | americanbankingnews.comFinancial Survey: New Relic (NYSE:NEWR) vs. Adacel Technologies (OTCMKTS:AELTF)September 24, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.September 16, 2023 | americanbankingnews.comNew Relic (NYSE:NEWR) Lowered to Neutral at DA DavidsonSeptember 15, 2023 | msn.comDA Davidson Downgrades New Relic (NEWR)September 14, 2023 | businesswire.comNew Relic Announces Completion of “Go-Shop” PeriodSeptember 14, 2023 | bizjournals.comPrivate equity acquisition inches closer for public software companySeptember 14, 2023 | msn.comNew Relic go-shop and HSR waiting period expire for Francisco Partners takeoverSeptember 24, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.September 14, 2023 | finance.yahoo.comNew Relic Announces Completion of "Go-Shop" PeriodSeptember 12, 2023 | finance.yahoo.comIndustry’s Largest Survey Finds Enterprises Realize 2X ROI on ObservabilityAugust 23, 2023 | finance.yahoo.comNew Relic Enhances AIOps with the Industry’s First AI Recommended AlertsAugust 23, 2023 | finance.yahoo.comNew Relic Earns Spot on 2023 PEOPLE Companies That Care ListAugust 8, 2023 | benzinga.comNEWR BUYOUT ALERT: Kaskela Law LLC Announces Investigation of New Relic, Inc. (NYSE: NEWR) Buyout and Seeks Additional Cash for InvestorsAugust 3, 2023 | reuters.comFocus: How two private equity firms negotiated New Relic deal down to $6.5 blnAugust 3, 2023 | benzinga.comKaskela Law LLC Announces Investigation of New Relic, Inc. (NYSE: NEWR) Buyout and Seeks Additional Cash for NEWR ShareholdersAugust 3, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: New Relic (NEWR), Spirent Communications (GB:SPT) and Keywords Studios (GB:KWS)August 3, 2023 | finance.yahoo.comFOCUS-How two private equity firms negotiated New Relic deal down to $6.5 blnAugust 3, 2023 | ca.finance.yahoo.comHow two private equity firms negotiated New Relic deal down to $6.5 billionAugust 2, 2023 | msn.comWedbush Reiterates New Relic (NEWR) Neutral RecommendationAugust 1, 2023 | benzinga.comShareholder Alert: Ademi LLP investigates whether New Relic, Inc. has obtained a Fair Price in its transaction with Francisco Partners and TPG CapitalAugust 1, 2023 | msn.comNew Relic may have agreed to buyer demands on deal - reportAugust 1, 2023 | msn.comCredit Suisse Downgrades New Relic (NEWR)August 1, 2023 | markets.businessinsider.comAnalysts Shift Gears On New Relic Post-Acquisition: From Outperform To Neutral Ratings And Revised Price TargetsAugust 1, 2023 | seekingalpha.comNew Relic: A Great Way To Cash OutJuly 31, 2023 | markets.businessinsider.comINVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against New Relic, Inc. and Encourages Investors with Losses to Contact the FirmJuly 31, 2023 | markets.businessinsider.comInvestor Alert: Abbott Cooper PLLC Announces Investigation into New Relic, Inc.; Urges New Relic Stockholders to Contact Abbott Cooper Regarding Their Legal RightsSee 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. Email Address NEWR Company Calendar Last Earnings7/31/2023Today9/24/2023Next Earnings (Estimated)11/14/2023Fiscal Year End3/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:NEWR CUSIPN/A CIK1448056 Webwww.newrelic.com Phone(650) 777-7600Fax604-601-8279Employees2,663Year FoundedN/APrice Target and Rating Average Stock Price Forecast$81.47 High Stock Price Forecast$90.00 Low Stock Price Forecast$57.00 Forecasted Upside/Downside-4.6%Consensus RatingHold Rating Score (0-4)2.07 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)($2.45) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-180,250,000.00 Net Margins-17.59% Pretax Margin-15.81% Return on Equity-20.28% Return on Assets-5.56% Debt Debt-to-Equity RatioN/A Current Ratio1.42 Quick Ratio1.42 Sales & Book Value Annual Sales$925.63 million Price / Sales6.48 Cash FlowN/A Price / Cash FlowN/A Book Value$4.94 per share Price / Book17.29Miscellaneous Outstanding Shares70,220,000Free Float54,073,000Market Cap$6.00 billion OptionableOptionable Beta0.86 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Lewis Cirne (Age 53)Founder & Non-Exec. Chairman Mr. William Staples (Age 50)CEO & Director Comp: $953.77kMr. David Barter (Age 51)Chief Financial Officer Comp: $412.55kMs. Kristy Friedrichs (Age 42)Chief Operating Officer Comp: $628.2kMr. Thomas Lloyd (Age 39)Chief Legal Officer & Corp. Sec. Comp: $549.92kMr. Mark Dodds (Age 58)Chief Revenue Officer Comp: $503.53kMr. Siva PadisettyChief Technology OfficerMr. Peter GoldmacherVP of Investor RelationsMs. Tracy WilliamsChief People & Diversity OfficerMr. Manav KhuranaChief Product OfficerMore ExecutivesKey CompetitorsFreshworksNASDAQ:FRSHWorkivaNYSE:WKThe Descartes Systems GroupNASDAQ:DSGXSmartsheetNYSE:SMARAppFolioNASDAQ:APPFView All CompetitorsInsiders & InstitutionsBarclays PLCSold 2,225,952 shares on 9/21/2023Ownership: 0.024%Davidson Kempner Capital Management LPBought 255,000 shares on 9/12/2023Ownership: 0.363%Wolverine Trading LLCBought 4,100 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 7,000 shares on 8/22/2023Ownership: 0.010%California State Teachers Retirement SystemSold 7,007 shares on 8/21/2023Ownership: 0.095%View All Insider TransactionsView All Institutional Transactions NEWR Stock - Frequently Asked Questions Should I buy or sell New Relic stock right now? 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 13 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 forecast for 2023? 14 equities research analysts have issued 12 month target prices for New Relic's stock. Their NEWR share price forecasts range from $57.00 to $90.00. On average, they predict the company's share price to reach $81.47 in the next twelve months. This suggests that the stock has a possible downside of 4.6%. 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 at the beginning of the year. Since then, NEWR shares have increased by 51.3% and is now trading at $85.41. View the best growth stocks for 2023 here. Are investors shorting New Relic? New Relic saw a increase in short interest in August. As of August 15th, there was short interest totaling 1,780,000 shares, an increase of 63.3% from the July 31st total of 1,090,000 shares. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is currently 1.3 days. View New Relic's Short Interest. When is New Relic's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023. View our NEWR earnings forecast. How were New Relic's earnings last quarter? New Relic, Inc. (NYSE:NEWR) released its earnings results on Monday, July, 31st. The software maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.22. The software maker earned $242.63 million during the quarter, compared to the consensus estimate of $239.13 million. New Relic had a negative trailing twelve-month return on equity of 20.28% and a negative net margin of 17.59%. What ETFs hold New Relic's stock? 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). 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. What is New Relic's stock symbol? New Relic trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEWR." Who are New Relic's major shareholders? New Relic's stock is owned by many different institutional and retail investors. Top institutional investors include HMI Capital Management L.P. (7.21%), BlackRock Inc. (4.69%), Clearbridge Investments LLC (2.84%), Champlain Investment Partners LLC (2.83%), Senvest Management LLC (2.44%) and BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.39%). Insiders that own company stock include David Barter, David J Henshall, 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. What is New Relic's stock price today? One share of NEWR stock can currently be purchased for approximately $85.41. How much money does New Relic make? New Relic (NYSE:NEWR) has a market capitalization of $6.00 billion and generates $925.63 million in revenue each year. The software maker earns $-180,250,000.00 in net income (profit) each year or ($2.45) on an earnings per share basis. How many employees does New Relic have? The company employs 2,663 workers across the globe. How can I contact New Relic? New Relic's mailing address is 188 Spear Street Suite 1000, San Francisco CA, 94105. The official website for the company is www.newrelic.com. The software maker can be reached via phone at (650) 777-7600, via email at ir@newrelic.com, or via fax at 604-601-8279. This page (NYSE:NEWR) was last updated on 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding New Relic, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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