Lowest-Rated StocksLowest-Rated New Relic Stock Price, News & Analysis (NYSE:NEWR) $86.99 +0.02 (+0.02%) (As of 11/7/2023) Add Compare Share Share Today's Range$86.97▼$87.0150-Day Range$85.43▼$86.9952-Week Range$50.30▼$87.01Volume4.22 million shsAverage Volume1.04 million shsMarket Capitalization$6.18 billionP/E RatioN/ADividend YieldN/APrice Target$84.77 Stock AnalysisStock AnalysisAnalyst ForecastsChartEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaSustainability New Relic MarketRank™ Stock AnalysisAnalyst RatingHold2.08 Rating ScoreUpside/Downside2.6% Downside$84.77 Price TargetShort InterestN/ADividend StrengthN/ASustainability-0.63Upright™ Environmental ScoreNews Sentiment0.06Based on 5 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.71) 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.1.41 out of 5 starsComputer And Technology Sector528th out of 586 stocksPrepackaged Software Industry175th out of 198 stocks 1.0 Analyst's Opinion Consensus RatingNew Relic has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 1 buy rating, 12 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $84.77, New Relic has a forecasted downside of 2.6% from its current price of $86.99.Amount of Analyst CoverageNew Relic has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for NEWR. 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 1.7 News and Social Media Coverage News SentimentNew Relic has a news sentiment score of 0.06. 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 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for New Relic this week, compared to 4 articles on an average week.MarketBeat FollowsOnly 2 people have added New Relic to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Relic insiders have not sold or bought any 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 ($0.71) to ($0.40) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Relic is -41.62, 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 -41.62, 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 15.93. 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 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.Read More NEWR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NEWR Stock News HeadlinesDecember 7, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on New Relic (NYSE:NEWR)December 5, 2023 | nj.comAncient relic — said to be a bone from St. Jude — coming to N.J. churchesDecember 9, 2023 | Wealthpress (Ad)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.December 4, 2023 | tmcnet.comNew Relic Appoints Ashan Willy as Chief Executive OfficerDecember 4, 2023 | msn.comNew Relic's cyber-something revealed as attack on staging systems, some usersDecember 2, 2023 | msn.comIs Neopets making a comeback? How its new owners plan to revive a 'living relic'November 29, 2023 | americanbankingnews.comNew Relic (NYSE:NEWR) Coverage Initiated by Analysts at StockNews.comNovember 24, 2023 | msn.comNew Relic says it's been hit by some sort of cyberattackDecember 9, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll 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.November 23, 2023 | msn.comNew Relic warns customers it's experienced a cyber … somethingNovember 17, 2023 | forbes.comNew Relic Tightens AI Observability MechanicsNovember 15, 2023 | msn.comHonkai Star Rail Version 1.5 – Four New Relic Sets!November 14, 2023 | tmcnet.comNew Relic Deepens Relationship with AWS to Provide AI MonitoringNovember 2, 2023 | bizjournals.comPortland tech pillar set for $6.5B private equity acquisitionNovember 2, 2023 | finance.yahoo.comNew Relic Stockholders Approve Acquisition by Francisco Partners and TPGOctober 28, 2023 | finance.yahoo.comNew Relic Inc (NEWR) Reports Q2 2024 Earnings: Revenue Up 7% Year Over YearOctober 27, 2023 | finance.yahoo.comNew Relic Announces Second Quarter Fiscal Year 2024 ResultsOctober 26, 2023 | finance.yahoo.comNew Relic (NYSE:NEWR) shareholders have earned a 43% return over the last yearOctober 25, 2023 | finance.yahoo.comRetailers Report Median Annual Outage Cost is Nearly $10 MillionOctober 25, 2023 | stockhouse.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NEWR, CNSL, FAZE, TGHOctober 24, 2023 | stockhouse.comCONTINUED INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates TPG Capital and Francisco Partners Buyout of New Relic, Inc. - NEWROctober 20, 2023 | finance.yahoo.comNew Relic Named an APM Leader by GigaOmOctober 17, 2023 | theglobeandmail.comCloud Monitoring Stocks Q2 Recap: Benchmarking New Relic (NYSE:NEWR)October 11, 2023 | benzinga.comShareholder Rights Firm Julie & Holleman LLP Investigates Proposed Buyout of New Relic and Encourages Investors to Contact the FirmSeptember 26, 2023 | finance.yahoo.comTop Buy the Dip Prospects Near 52-Week HighsSeptember 26, 2023 | finance.yahoo.comMETA vs. NEWR: Which Stock Is the Better Value Option?September 26, 2023 | finance.yahoo.comNew Relic Launches Session ReplaySee 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 Company Calendar Last Earnings10/27/2023Today12/09/2023Next Earnings (Estimated)2/06/2024Fiscal 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 Target$84.77 High Stock Price Target$90.00 Low Stock Price Target$73.00 Potential Upside/Downside-2.6%Consensus RatingHold Rating Score (0-4)2.08 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)($2.09) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-180,250,000.00 Net Margins-14.92% Pretax Margin-12.73% Return on Equity-12.82% Return on Assets-4.02% Debt Debt-to-Equity RatioN/A Current Ratio1.58 Quick Ratio1.58 Sales & Book Value Annual Sales$925.63 million Price / Sales6.67 Cash FlowN/A Price / Cash FlowN/A Book Value$5.46 per share Price / Book15.93Miscellaneous Outstanding Shares71,020,000Free Float54,688,000Market Cap$6.18 billion OptionableOptionable Beta0.84 13 Stocks Institutional Investors Won't Stop BuyingWhich 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 Key ExecutivesMr. Lewis Cirne (Age 53)Founder & Non-Executive Chairman of the Board 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 & Corporate Secretary Comp: $549.92kMr. Mark Dodds (Age 58)Chief Revenue Officer Comp: $503.53kMr. Siva PadisettyChief Technology OfficerMs. Tracy WilliamsChief People & Diversity OfficerMr. Manav KhuranaChief Product OfficerMr. Peter Pezaris (Age 53)Chief Design & Strategy Officer More ExecutivesKey CompetitorsSmartsheetNYSE:SMARFreshworksNASDAQ:FRSHSentinelOneNYSE:SZoomInfo TechnologiesNASDAQ:ZIQualysNASDAQ:QLYSView All CompetitorsInsiders & InstitutionsHudson Bay Capital Management LPSold 51,970 shares on 12/7/2023Ownership: 0.056%Citigroup Inc.Sold 3,132 shares on 12/6/2023Ownership: 0.017%Wellington Management Group LLPBought 174,348 shares on 12/1/2023Ownership: 3.345%American Century Companies Inc.Bought 35,918 shares on 11/30/2023Ownership: 0.278%Carmignac GestionBought 37,980 shares on 11/29/2023Ownership: 0.053%View All Insider TransactionsView All Institutional Transactions 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 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. 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 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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