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NYSE:NEWR

New Relic Stock Forecast, Price & News

$50.46
-0.57 (-1.12%)
(As of 06/29/2022 03:03 PM ET)
Add
Compare
Today's Range
$49.83
$51.28
50-Day Range
$42.48
$71.00
52-Week Range
$41.66
$129.70
Volume
9,020 shs
Average Volume
1.11 million shs
Market Capitalization
$3.38 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$83.30
30 days | 90 days | 365 days | Advanced Chart

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NEWR Stock Forecast (MarketRank)

Overall MarketRank

2.53 out of 5 stars

Computer And Technology Sector

205th out of 937 stocks

Prepackaged Software Industry

44th out of 303 stocks

Analyst Opinion: 3.2Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 4.2Valuation: 0.6 5 -4 -3 -2 -1 -
New Relic logo

About New Relic (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.

NEWR Stock News Headlines

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Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Employees
2,217
Year Founded
N/A

Company Calendar

Last Earnings
5/12/2022
Today
6/29/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
3/31/2023

Price Target and Rating

Average Stock Price Forecast
$83.30
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+65.1%
Consensus Rating
Hold
Rating Score (0-4)
2.42857142857143
Research Coverage
7 Analysts

Profitability

Net Income
$-250.40 million
Pretax Margin
-29.51%

Debt

Sales & Book Value

Annual Sales
$785.52 million
Book Value
$4.88 per share

Miscellaneous

Free Float
52,198,000
Market Cap
$3.38 billion
Optionable
Optionable
Beta
1.01














New Relic Frequently Asked Questions

Should I buy or sell New Relic stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" New Relic stock. 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 analyst ratings for New Relic
or view top-rated stocks.

What is New Relic's stock price forecast for 2022?

7 Wall Street research analysts have issued 12-month price targets for New Relic's shares. Their NEWR stock forecasts range from $45.00 to $150.00. On average, they predict New Relic's stock price to reach $83.30 in the next year. This suggests a possible upside of 64.6% from the stock's current price.
View analysts' price targets for New Relic
or view top-rated stocks among Wall Street analysts.

How has New Relic's stock price performed in 2022?

New Relic's stock was trading at $109.96 at the beginning of 2022. Since then, NEWR stock has decreased by 54.0% and is now trading at $50.62.
View the best growth stocks for 2022 here
.

When is New Relic's next earnings date?

New Relic is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for New Relic
.

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) posted its quarterly earnings data on Thursday, May, 12th. The software maker reported ($0.84) EPS for the quarter, topping the consensus estimate of ($0.88) by $0.04. The software maker had revenue of $205.75 million for the quarter, compared to analyst estimates of $204.92 million. New Relic had a negative trailing twelve-month return on equity of 74.08% and a negative net margin of 31.88%.
View New Relic's earnings history
.

What guidance has New Relic issued on next quarter's earnings?

New Relic updated its first quarter 2023 earnings guidance on Thursday, June, 9th. The company provided earnings per share guidance of -$0.38--$0.35 for the period, compared to the consensus EPS estimate of -$0.08. The company issued revenue guidance of $212.00 million-$214.00 million, compared to the consensus revenue estimate of $211.34 million.

Who are New Relic's key executives?

New Relic's management team includes the following people:
  • Mr. Lewis Cirne, Founder & Exec. Chairman (Age 52, Pay $616.12k)
  • Mr. William Staples, CEO & Director (Age 49, Pay $691.54k) (LinkedIn Profile)
  • Mr. Mark J. Sachleben, CFO & Corp. Sec. (Age 57, Pay $491.97k)
  • Ms. Kristy Friedrichs, Chief Operating Officer (LinkedIn Profile)
  • Mr. Gregory Ouillon, EMEA Field Chief Technology Officer
  • Mr. Peter Goldmacher, VP of Investor Relations
  • Mr. Stephen Hurn, Chief Sales Officer
  • Ms. Tracy Williams, Chief People & Diversity Officer
  • Mr. Jay G. Synder, Exec. VP & Chief Customer Officer (Age 51)
  • Mr. John Siebert, Exec. VP of Sales for Americas

What is Lew Cirne's approval rating as New Relic's CEO?

441 employees have rated New Relic CEO Lew Cirne on Glassdoor.com. Lew Cirne has an approval rating of 86% among New Relic'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), Square (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 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 number of retail and institutional investors. Top institutional shareholders include Eminence Capital LP (7.79%), Vanguard Group Inc. (7.52%), Champlain Investment Partners LLC (3.82%), Wellington Management Group LLP (3.47%), Clearbridge Investments LLC (2.85%) and BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.36%). Company insiders that own New Relic stock include David J Henshall, Erica Schultz, James R Gochee, Kristy Friedrichs, Lewis Cirne, Mark Sachleben, Michael J Christenson, Steve Hurn and William Staples.
View institutional ownership trends for New Relic
.

Which major investors are selling New Relic stock?

NEWR stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, New York State Common Retirement Fund, Champlain Investment Partners LLC, Assenagon Asset Management S.A., TimesSquare Capital Management LLC, UBS Group AG, Sandler Capital Management, and Wellington Management Group LLP. Company insiders that have sold New Relic company stock in the last two years include Kristy Friedrichs, Lewis Cirne, Mark Sachleben, Steve Hurn, and William Staples.
View insider buying and selling activity for New Relic
or view top insider-selling stocks.

Which major investors are buying New Relic stock?

NEWR stock was acquired by a variety of institutional investors in the last quarter, including Jana Partners LLC, Eminence Capital LP, JPMorgan Chase & Co., Clearline Capital LP, NewEdge Wealth LLC, American Century Companies Inc., BNP PARIBAS ASSET MANAGEMENT Holding S.A., and Archon Capital Management LLC. Company insiders that have bought New Relic stock in the last two years include David J Henshall, and Michael J Christenson.
View insider buying and selling activity for New Relic
or or view top insider-buying stocks.

How do I buy shares of New Relic?

Shares of NEWR 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 $50.62.

How much money does New Relic make?

New Relic (NYSE:NEWR) has a market capitalization of $3.39 billion and generates $785.52 million in revenue each year. The software maker earns $-250.40 million in net income (profit) each year or ($3.88) on an earnings per share basis.

How many employees does New Relic have?

New Relic employs 2,217 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 New Relic is www.newrelic.com. The software maker can be reached via phone at (650) 777-7600, via email at [email protected], or via fax at 604-601-8279.

This page (NYSE:NEWR) was last updated on 6/29/2022 by MarketBeat.com Staff

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