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New Relic (NEWR) Stock Forecast, Price & News

$85.47
+0.06 (+0.07%)
(As of 09/25/2023 ET)
Compare
Today's Range
$85.35
$85.49
50-Day Range
$71.23
$85.50
52-Week Range
$50.24
$86.00
Volume
605,512 shs
Average Volume
979,689 shs
Market Capitalization
$6.00 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$81.47

New Relic MarketRank™ Forecast

Analyst Rating
Hold
2.07 Rating Score
Upside/​Downside
4.7% Downside
$81.47 Price Target
Short Interest
Healthy
2.16% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$2.62 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.68) 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.

2.18 out of 5 stars

Computer And Technology Sector

337th out of 583 stocks

Prepackaged Software Industry

104th out of 201 stocks


NEWR stock logo

About New Relic (NYSE:NEWR) Stock

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 Price History

NEWR Stock News Headlines

New Relic (NYSE:NEWR) Research Coverage Started at StockNews.com
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
New Relic (NYSE:NEWR) Lowered to Neutral at DA Davidson
DA Davidson Downgrades New Relic (NEWR)
New Relic Announces Completion of “Go-Shop” Period
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
New Relic Announces Completion of "Go-Shop" Period
New Relic: A Great Way To Cash Out
See More Headlines
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NEWR Company Calendar

Last Earnings
7/31/2023
Today
9/25/2023
Next Earnings (Estimated)
11/14/2023
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
$81.47
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$57.00
Forecasted Upside/Downside
-4.7%
Consensus Rating
Hold
Rating Score (0-4)
2.07
Research Coverage
14 Analysts

Profitability

Net Income
$-180,250,000.00
Pretax Margin
-15.81%

Debt

Sales & Book Value

Annual Sales
$925.63 million
Book Value
$4.94 per share

Miscellaneous

Free Float
54,073,000
Market Cap
$6.00 billion
Optionable
Optionable
Beta
0.86
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Key Executives

  • Mr. Lewis CirneMr. Lewis Cirne (Age 53)
    Founder & Non-Exec. Chairman
  • Mr. William StaplesMr. William Staples (Age 50)
    CEO & Director
    Comp: $953.77k
  • Mr. David BarterMr. David Barter (Age 51)
    Chief Financial Officer
    Comp: $412.55k
  • Ms. Kristy FriedrichsMs. Kristy Friedrichs (Age 42)
    Chief Operating Officer
    Comp: $628.2k
  • Mr. Thomas LloydMr. Thomas Lloyd (Age 39)
    Chief Legal Officer & Corp. Sec.
    Comp: $549.92k
  • Mr. Mark DoddsMr. Mark Dodds (Age 58)
    Chief Revenue Officer
    Comp: $503.53k
  • Mr. Siva Padisetty
    Chief Technology Officer
  • Mr. Peter Goldmacher
    VP of Investor Relations
  • Ms. Tracy Williams
    Chief People & Diversity Officer
  • Mr. Manav Khurana
    Chief Product Officer













NEWR Stock - Frequently Asked Questions

Should I buy or sell New Relic stock right now?

14 Wall Street equities 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 equities 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 Wall Street analysts have issued twelve-month price targets 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 4.7%.
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 2023. Since then, NEWR stock has increased by 51.4% and is now trading at $85.47.
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 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 short-interest ratio is presently 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) issued its earnings results on Monday, July, 31st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.22. The software maker had revenue of $242.63 million for the quarter, compared to the consensus estimate of $239.13 million. New Relic had a negative net margin of 17.59% and a negative trailing twelve-month return on equity of 20.28%.

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 a price of $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 number of retail and institutional 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 $85.47.

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 9/25/2023 by MarketBeat.com Staff

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