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NYSE:NEWR

New Relic (NEWR) Stock Forecast, Price & News

$68.19
-1.65 (-2.36%)
(As of 06/7/2023 ET)
Compare
Today's Range
$67.60
$70.33
50-Day Range
$69.35
$84.95
52-Week Range
$42.40
$86.00
Volume
805,508 shs
Average Volume
705,397 shs
Market Capitalization
$4.79 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$81.13

New Relic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
19.0% Upside
$81.13 Price Target
Short Interest
Healthy
2.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$30.46 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.77) to ($0.56) Per Share

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 stars

Computer And Technology Sector

290th out of 597 stocks

Prepackaged Software Industry

87th out of 206 stocks


NEWR stock logo

About New Relic (NYSE:NEWR) Stock

New 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.

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NEWR Stock News Headlines

New Relic Launches Amazon Security Lake Integration
[BREAKING] New "Living Software" to Revolutionize Warfare
This 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 >>>
Brokerages Set New Relic, Inc. (NYSE:NEWR) PT at $79.80
New Relic (NYSE:NEWR) Price Target Raised to $92.00
[BREAKING] New "Living Software" to Revolutionize Warfare
This 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 >>>
New Relic (NYSE:NEWR) PT Raised to $80.00 at Loop Capital
New Relic (NYSE:NEWR) Price Target Raised to $77.00
7 Analysts Have This to Say About New Relic
Q4 2023 New Relic Inc Earnings Call
JMP Securities Sticks to Their Hold Rating for New Relic (NEWR)
New Relic (NEWR) Q4 2023 Earnings Call Transcript
New Relic: Q4 Earnings Insights
See More Headlines

NEWR Price History

NEWR Company Calendar

Last Earnings
11/08/2021
Today
6/07/2023
Next Earnings (Estimated)
8/03/2023
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 Forecast
$81.13
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$57.00
Forecasted Upside/Downside
+19.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
13 Analysts

Profitability

Net Income
$-180,250,000.00
Pretax Margin
-19.01%

Debt

Sales & Book Value

Annual Sales
$925.63 million
Book Value
$4.94 per share

Miscellaneous

Free Float
55,464,000
Market Cap
$4.79 billion
Optionable
Optionable
Beta
0.87

Key Executives

  • William StaplesWilliam Staples
    Chief Executive Officer & Director
  • Kristy FriedrichsKristy Friedrichs
    Chief Operating Officer
  • David Barter
    Chief Financial & Accounting Officer
  • Mark Dodds
    Chief Revenue Officer
  • Manav Khurana
    Chief Growth Officer













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 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.

This page (NYSE:NEWR) was last updated on 6/7/2023 by MarketBeat.com Staff

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