NYSE:NEWR New Relic (NEWR) Stock Forecast, Price & News $68.19 -1.65 (-2.36%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$67.60▼$70.3350-Day Range$69.35▼$84.9552-Week Range$42.40▼$86.00Volume805,508 shsAverage Volume705,397 shsMarket Capitalization$4.79 billionP/E RatioN/ADividend YieldN/APrice Target$81.13 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability New Relic MarketRank™ ForecastAnalyst RatingModerate Buy2.62 Rating ScoreUpside/Downside19.0% Upside$81.13 Price TargetShort InterestHealthy2.00% of Float Sold ShortDividend StrengthN/ASustainability-0.63Upright™ Environmental ScoreNews SentimentN/AInsider TradingSelling Shares$30.46 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.77) to ($0.56) 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.2.12 out of 5 starsComputer And Technology Sector290th out of 597 stocksPrepackaged Software Industry87th out of 206 stocks 2.3 Analyst's Opinion Consensus RatingNew Relic has received a consensus rating of Buy. The company's average rating score is 2.62, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $81.13, New Relic has a forecasted upside of 19.0% from its current price of $68.19.Amount of Analyst CoverageNew Relic has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.00% of the float of New Relic has been sold short.Short Interest Ratio / Days to CoverNew Relic has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in New Relic has recently increased by 22.55%, indicating that investor sentiment is decreasing 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 2.6 News and Social Media Coverage News SentimentNew Relic has a news sentiment score of 0.67. 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 higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for New Relic this week, compared to 5 articles on an average week.Search InterestOnly 8 people have searched for NEWR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows10 people have added New Relic to their MarketBeat watchlist in the last 30 days. This is an increase of 233% 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 $30,457,526.00 in company stock.Percentage Held by Insiders21.00% 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 Institutions83.56% 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 ($0.77) to ($0.56) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Relic is -25.54, 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 -25.54, 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 13.80. 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. engages in the provision of software solutions. It delivers an open and extensible cloud-based platform that enables organizations to collect, store and analyze massive amounts of data in real time to better operate applications and infrastructure. It offers solutions to e-commerce and retail, media, and public sector industries. The company was founded by Lewis Cirne in September 2007 and is headquartered in San Francisco, CA.Read More 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 Stock News HeadlinesMay 31, 2023 | technews.tmcnet.comNew Relic Launches Amazon Security Lake IntegrationMay 30, 2023 | msn.comNew Relic: Full Steam Ahead; Buy With Confidence (Rating Upgrade)June 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>May 30, 2023 | americanbankingnews.comBrokerages Set New Relic, Inc. (NYSE:NEWR) PT at $79.80May 27, 2023 | americanbankingnews.comNew Relic (NYSE:NEWR) Rating Increased to Outperform at Royal Bank of CanadaMay 27, 2023 | americanbankingnews.comNew Relic (NYSE:NEWR) Price Target Raised to $92.00May 27, 2023 | americanbankingnews.comNew Relic (NYSE:NEWR) Given New $77.00 Price Target at Truist FinancialMay 26, 2023 | msn.comRBC Capital Upgrades New Relic (NEWR)June 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>May 26, 2023 | seekingalpha.comNew Relic drops on report of takeover talks endingMay 26, 2023 | msn.comNeedham Reiterates New Relic (NEWR) Hold RecommendationMay 26, 2023 | msn.comNew Relic rises as RBC Capital upgrades after 'upbeat' analyst dayMay 26, 2023 | americanbankingnews.comNew Relic (NYSE:NEWR) PT Raised to $80.00 at Loop CapitalMay 26, 2023 | americanbankingnews.comNew Relic (NYSE:NEWR) Price Target Raised to $77.00May 26, 2023 | americanbankingnews.comNew Relic (NYSE:NEWR) Shares Gap Down After Analyst DowngradeMay 25, 2023 | finance.yahoo.comCalculating The Intrinsic Value Of New Relic, Inc. (NYSE:NEWR)May 25, 2023 | msn.comTruist Securities Maintains New Relic (NEWR) Hold RecommendationMay 24, 2023 | markets.businessinsider.com7 Analysts Have This to Say About New RelicMay 24, 2023 | msn.comBaird Maintains New Relic (NEWR) Outperform RecommendationMay 24, 2023 | theglobeandmail.comWhy New Relic (NEWR) Shares Are Getting Obliterated TodayMay 24, 2023 | finance.yahoo.comQ4 2023 New Relic Inc Earnings CallMay 24, 2023 | markets.businessinsider.comJMP Securities Sticks to Their Hold Rating for New Relic (NEWR)May 24, 2023 | americanbankingnews.comDA Davidson Lowers New Relic (NYSE:NEWR) Price Target to $95.00May 24, 2023 | americanbankingnews.comThomas J. Lloyd Sells 1,079 Shares of New Relic, Inc. (NYSE:NEWR) StockMay 24, 2023 | americanbankingnews.comNew Relic, Inc. (NYSE:NEWR) COO Kristy Friedrichs Sells 2,673 SharesMay 24, 2023 | finance.yahoo.comNew Relic (NEWR) Q4 2023 Earnings Call TranscriptMay 23, 2023 | msn.comNew Relic: Q4 Earnings InsightsSee More Headlines NEWR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NEWR Company Calendar Last Earnings11/08/2021Today6/07/2023Next Earnings (Estimated)8/03/2023Fiscal 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$81.13 High Stock Price Forecast$95.00 Low Stock Price Forecast$57.00 Forecasted Upside/Downside+19.0%Consensus RatingModerate Buy Rating Score (0-4)2.62 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)($2.67) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-180,250,000.00 Net Margins-19.47% Pretax Margin-19.01% Return on Equity-35.50% Return on Assets-8.65% Debt Debt-to-Equity RatioN/A Current Ratio1.16 Quick Ratio1.16 Sales & Book Value Annual Sales$925.63 million Price / Sales5.17 Cash FlowN/A Price / Cash FlowN/A Book Value$4.94 per share Price / Book13.80Miscellaneous Outstanding Shares70,210,000Free Float55,464,000Market Cap$4.79 billion OptionableOptionable Beta0.87 Key ExecutivesWilliam StaplesChief Executive Officer & DirectorKristy FriedrichsChief Operating OfficerDavid BarterChief Financial & Accounting OfficerMark DoddsChief Revenue OfficerManav KhuranaChief Growth OfficerKey CompetitorsTeradataNYSE:TDCAsanaNYSE:ASANQualysNASDAQ:QLYSTenableNASDAQ:TENBFreshworksNASDAQ:FRSHView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 54,417 shares on 6/1/2023Ownership: 0.078%Ameriprise Financial Inc.Bought 205,317 shares on 5/22/2023Ownership: 0.435%American TrustBought 3,440 shares on 5/22/2023Ownership: 0.005%New York State Common Retirement FundBought 18,825 shares on 5/18/2023Ownership: 0.231%Kristy FriedrichsSold 2,673 sharesTotal: $224,665.65 ($84.05/share)View All Insider TransactionsView All Institutional Transactions NEWR Stock - Frequently Asked Questions Should I buy or sell New Relic stock right now? 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 6 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NEWR shares. View NEWR analyst ratings or view top-rated stocks. What is New Relic's stock price forecast for 2023? 13 analysts have issued 1-year target prices for New Relic's shares. Their NEWR share price forecasts range from $57.00 to $95.00. On average, they predict the company's stock price to reach $81.13 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price. 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 shares have increased by 20.8% and is now trading at $68.19. View the best growth stocks for 2023 here. Are investors shorting New Relic? New Relic saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,250,000 shares, an increase of 22.5% from the April 30th total of 1,020,000 shares. Based on an average daily volume of 642,700 shares, the short-interest ratio is presently 1.9 days. Currently, 2.0% of the company's stock are short sold. 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 Thursday, August 3rd 2023. View our NEWR earnings forecast. How were New Relic's earnings last quarter? New Relic, Inc. (NYSE:NEWR) posted its quarterly earnings results on Monday, November, 8th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.03. The software maker had revenue of $195.70 million for the quarter, compared to analyst estimates of $182.21 million. New Relic had a negative net margin of 19.47% and a negative trailing twelve-month return on equity of 35.50%. The company's quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.68) earnings per share. 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), Invesco Dynamic Networking ETF (PXQ), iShares Future Cloud 5G and Tech ETF (IDAT), Fidelity Cloud Computing ETF (FCLD), ROBO Global Artificial Intelligence ETF (THNQ), WisdomTree Cloud Computing Fund (WCLD), Wedbush ETFMG Global Cloud Technology ETF (IVES) and First Trust Technology AlphaDEX Fund (FXL). What guidance has New Relic issued on next quarter's earnings? New Relic updated its first quarter 2024 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $238.00 million-$240.00 million, compared to the consensus revenue estimate of $251.15 million. 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.69%), Wellington Management Group LLP (3.26%), Champlain Investment Partners LLC (3.02%), Clearbridge Investments LLC (2.83%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.55%) and Geode Capital Management LLC (1.14%). Insiders that own company stock include David Barter, David J Henshall, Jana Partners Llc, Kristy Friedrichs, Lewis Cirne, Mark Dodds, Mark Sachleben, Michael J Christenson, Radhakrishnan Mahendran, Steve Hurn, 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 $68.19. How much money does New Relic make? New Relic (NYSE:NEWR) has a market capitalization of $4.79 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 ($2.67) 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. 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