NYSE:NEWR

New Relic (NEWR) Stock Forecast, Price & News

$85.41

+0.06 (+0.07%)

(As of 09/22/2023 ET)

Compare

Today's Range: $85.35
▼
$85.57
50-Day Range: $71.23
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$85.50
52-Week Range: $50.24
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$86.00

Volume: 823,829 shs
Average Volume: 1.31 million 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: 4.6% 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: 0.33
Based on 2 Articles This Week
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.

2.17 out of 5 stars

Computer And Technology Sector

344th out of 586 stocks

Prepackaged Software Industry

110th out of 205 stocks

2.0

Analyst's Opinion

Consensus Rating
New 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/Downside
According 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 Coverage
New Relic has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.16% of the outstanding shares of New Relic have been sold short.
Short Interest Ratio / Days to Cover
New 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 month
Short interest in New Relic has recently decreased by 14.61%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
New Relic does not currently pay a dividend.
Dividend Growth
New Relic does not have a long track record of dividend growth.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
New 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 Sustainability
The Environmental Impact score for New Relic is -0.63.

1.8

News and Social Media Coverage

News Sentiment
New 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 Week
MarketBeat has tracked 2 news articles for New Relic this week, compared to 5 articles on an average week.
MarketBeat Follows
8 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.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
23.00% 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 Institutions
85.93% of the stock of New Relic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
New 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.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

NEWR Stock News Headlines

September 18, 2023 | americanbankingnews.com

New Relic (NYSE:NEWR) Research Coverage Started at StockNews.com

September 17, 2023 | americanbankingnews.com

Financial 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.com

New Relic (NYSE:NEWR) Lowered to Neutral at DA Davidson

September 15, 2023 | msn.com

DA Davidson Downgrades New Relic (NEWR)

September 14, 2023 | businesswire.com

New Relic Announces Completion of “Go-Shop” Period

September 14, 2023 | bizjournals.com

Private equity acquisition inches closer for public software company

September 14, 2023 | msn.com

New Relic go-shop and HSR waiting period expire for Francisco Partners takeover

September 24, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There'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.com

New Relic Announces Completion of "Go-Shop" Period

September 12, 2023 | finance.yahoo.com

Industry’s Largest Survey Finds Enterprises Realize 2X ROI on Observability

August 23, 2023 | finance.yahoo.com

New Relic Enhances AIOps with the Industry’s First AI Recommended Alerts

August 23, 2023 | finance.yahoo.com

New Relic Earns Spot on 2023 PEOPLE Companies That Care List

August 8, 2023 | benzinga.com

NEWR BUYOUT ALERT: Kaskela Law LLC Announces Investigation of New Relic, Inc. (NYSE: NEWR) Buyout and Seeks Additional Cash for Investors

August 3, 2023 | reuters.com

Focus: How two private equity firms negotiated New Relic deal down to $6.5 bln

August 3, 2023 | benzinga.com

Kaskela Law LLC Announces Investigation of New Relic, Inc. (NYSE: NEWR) Buyout and Seeks Additional Cash for NEWR Shareholders

August 3, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: New Relic (NEWR), Spirent Communications (GB:SPT) and Keywords Studios (GB:KWS)

August 3, 2023 | finance.yahoo.com

FOCUS-How two private equity firms negotiated New Relic deal down to $6.5 bln

August 3, 2023 | ca.finance.yahoo.com

How two private equity firms negotiated New Relic deal down to $6.5 billion

August 2, 2023 | msn.com

Wedbush Reiterates New Relic (NEWR) Neutral Recommendation

August 1, 2023 | benzinga.com

Shareholder Alert: Ademi LLP investigates whether New Relic, Inc. has obtained a Fair Price in its transaction with Francisco Partners and TPG Capital

August 1, 2023 | msn.com

New Relic may have agreed to buyer demands on deal - report

August 1, 2023 | msn.com

Credit Suisse Downgrades New Relic (NEWR)

August 1, 2023 | markets.businessinsider.com

Analysts Shift Gears On New Relic Post-Acquisition: From Outperform To Neutral Ratings And Revised Price Targets

August 1, 2023 | seekingalpha.com

New Relic: A Great Way To Cash Out

July 31, 2023 | markets.businessinsider.com

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against New Relic, Inc. and Encourages Investors with Losses to Contact the Firm

July 31, 2023 | markets.businessinsider.com

Investor Alert: Abbott Cooper PLLC Announces Investigation into New Relic, Inc.; Urges New Relic Stockholders to Contact Abbott Cooper Regarding Their Legal Rights

See More Headlines

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NEWR Company Calendar

Last Earnings: 7/31/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:NEWR
CUSIP: N/A
CIK: 1448056
Web: www.newrelic.com
Phone: (650) 777-7600
Fax: 604-601-8279
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: -4.6%
Consensus Rating: Hold
Rating Score (0-4): 2.07
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.45)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net 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 Ratio: N/A
Current Ratio: 1.42
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: $925.63 million
Price / Sales: 6.48
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.94 per share
Price / Book: 17.29

Miscellaneous

Outstanding Shares: 70,220,000
Free Float: 54,073,000
Market Cap: $6.00 billion
Optionable: Optionable
Beta: 0.86

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Key Executives

Mr. Lewis Cirne (Age 53)
Founder & Non-Exec. Chairman

Mr. William Staples (Age 50)
CEO & Director
Comp: $953.77k

Mr. David Barter (Age 51)
Chief Financial Officer
Comp: $412.55k

Ms. Kristy Friedrichs (Age 42)
Chief Operating Officer
Comp: $628.2k

Mr. Thomas Lloyd (Age 39)
Chief Legal Officer & Corp. Sec.
Comp: $549.92k

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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