NYSE:NEWR New Relic Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding New Relic Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $54.00 -0.57 (-1.04 %) (As of 09/24/2020 12:00 AM ET) Add Compare Share Today's Range$52.60Now: $54.00▼$55.1650-Day Range$53.62MA: $57.27▼$62.8052-Week Range$33.49Now: $54.00▼$74.20Volume1.36 million shsAverage Volume1.11 million shsMarket Capitalization$3.25 billionP/E RatioN/ADividend YieldN/ABeta1.04 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media New Relic, Inc., a software-as-a-service company, provides various digital products worldwide. Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data. The company offers New Relic Application Performance Management that provides visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications. It also provides New Relic Synthetics, which simulates usage and reproduces business-critical functionality that enables its users to test their software throughout the entire development life cycle; New Relic Infrastructure that provides a view of the health and configuration changes for an enterprise's entire host ecosystem across various environments; and New Relic Insights that enables technology and business users to perform real-time analysis. In addition, the company offers New Relic Applied Intelligence platform; New Relic's alerting platform, a centralized notification system that delivers alerts from across the products that make up the New Relic Platform; and New Relic's plugins architecture, which offers a plugin architecture, including application programming interfaces and software development kits for customers and partners to embed and extend its solution into their products. The company sells its products through direct sales organizations, online and offline sales, and marketing activities. New Relic, Inc. was founded in 2007 and is headquartered in San Francisco, California.Read More Beat the Market (BTM) Rank™ 4.2 Analyst's Opinion Consensus RatingNew Relic has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 7 buy ratings, 8 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $70.50, New Relic has a forecasted upside of 30.6% from its current price of $54.00.Amount of Analyst CoverageNew Relic has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.9 Community Rank Outperform VotesNew Relic has received 487 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNew Relic has received 363 “underperform” votes. (Add your “underperform” vote.)Community SentimentNew Relic has received 57.29% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about New Relic and other stocks. Vote “Outperform” if you believe NEWR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NEWR will underperform the S&P 500 over the long term. You may vote once every thirty days. 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 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Relic insiders have sold 1,469.44% more of their company's stock than they have bought. Specifically, they have bought $510,480.00 in company stock and sold $8,011,667.00 in company stock.Percentage Held by InsidersOnly 15.90% of the stock of New Relic is held by insiders.Percentage Held by Institutions90.27% 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 ($1.87) to ($1.34) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Relic is -30.86, 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. SectorThe P/E ratio of New Relic is -30.86, 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 RatioNew Relic has a P/B Ratio of 8.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.2Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.74 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:NEWR Previous Symbol CUSIPN/A CIK1448056 Webwww.newrelic.com Phone650-777-7600Debt Debt-to-Equity Ratio1.10 Current Ratio2.81 Quick Ratio2.81Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$599.51 million Price / Sales5.43 Cash Flow$0.55 per share Price / Cash Flow97.66 Book Value$6.59 per share Price / Book8.19Profitability EPS (Most Recent Fiscal Year)($1.08) Net Income$-88,940,000.00 Net Margins-16.67% Return on Equity-18.93% Return on Assets-5.95%Miscellaneous Employees2,131 Outstanding Shares60,244,000Market Cap$3.25 billion Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $54.00 -0.57 (-1.04 %) (As of 09/24/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive NEWR News and Ratings via Email Sign-up to receive the latest news and ratings for NEWR and its competitors with MarketBeat's FREE daily newsletter. New Relic (NYSE:NEWR) Frequently Asked Questions How has New Relic's stock been impacted by COVID-19? New Relic's stock was trading at $45.05 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NEWR shares have increased by 19.9% and is now trading at $54.00. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of New Relic? 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 2 sell ratings, 8 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for New Relic. When is New Relic's next earnings date? New Relic is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. View our earnings forecast for New Relic. How were New Relic's earnings last quarter? New Relic Inc (NYSE:NEWR) announced its quarterly earnings data on Tuesday, August, 4th. The software maker reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.12. The software maker earned $163 million during the quarter, compared to analysts' expectations of $159.35 million. New Relic had a negative net margin of 16.67% and a negative return on equity of 18.93%. The business's revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. View New Relic's earnings history. What guidance has New Relic issued on next quarter's earnings? New Relic issued an update on its second quarter earnings guidance on Tuesday, August, 4th. The company provided EPS guidance of (0.03)-0.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.04. The company issued revenue guidance of $163-164 million, compared to the consensus revenue estimate of $163.01 million. What price target have analysts set for NEWR? 18 brokers have issued 12 month price targets for New Relic's shares. Their forecasts range from $56.00 to $89.00. On average, they anticipate New Relic's stock price to reach $70.50 in the next twelve months. This suggests a possible upside of 30.6% from the stock's current price. View analysts' price targets for New Relic. Are investors shorting New Relic? New Relic saw a decline in short interest in August. As of August 31st, there was short interest totaling 5,750,000 shares, a decline of 29.3% from the August 15th total of 8,130,000 shares. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is presently 4.8 days. Approximately 11.2% of the company's stock are short sold. View New Relic's Short Interest. Who are some of New Relic's key competitors? Some companies that are related to New Relic include HubSpot (HUBS), Mongodb (MDB), Symantec (SYMC), NortonLifeLock (NLOK), Cloudflare (NET), Ceridian HCM (CDAY), Temenos (TMNSF), Dynatrace (DT), UBISOFT ENTMT S/ADR (UBSFY), Avalara (AVLR), PTC (PTC), Nuance Communications (NUAN), Elastic (ESTC), Guidewire Software (GWRE) and Trend Micro (TMICY). View all competitors. 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), Trade Desk (TTD), Activision Blizzard (ATVI) and Shopify (SHOP). Who are New Relic's key executives? New Relic's management team includes the following people: Mr. Lewis Cirne, Founder, CEO & Director (Age 49)Mr. Mark Sachleben, CFO & Corp. Sec. (Age 54)Mr. James R. Gochee, Chief Product Officer (Age 49)Mr. Tony Righetti, Sr. Mang. of Investor RelationsMs. Kristy Friedrichs, Chief People Officer 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 a price of $18.00-$20.00 per share. Morgan Stanley and J.P. Morgan served 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.16%), Eminence Capital LP (7.71%), TimesSquare Capital Management LLC (2.94%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.04%), ArrowMark Colorado Holdings LLC (1.86%) and Two Sigma Advisers LP (1.43%). Company insiders that own New Relic stock include Erica Schultz, James R Gochee, Lewis Cirne, Mark Sachleben, Michael J Christenson and Peter H Fenton. 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 First Trust Advisors LP, Cibc World Markets Corp, Formula Growth Ltd., Bank of Nova Scotia, PDT Partners LLC, Bank of Montreal Can, Nuveen Asset Management LLC, and Ensign Peak Advisors Inc. Company insiders that have sold New Relic company stock in the last year include Lewis Cirne, and Mark Sachleben. View insider buying and selling activity for New Relic. Which major investors are buying New Relic stock? NEWR stock was bought by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Eminence Capital LP, MUFG Securities EMEA plc, Frontier Capital Management Co. LLC, Point72 Asset Management L.P., Two Sigma Advisers LP, Alberta Investment Management Corp, and Jacobs Levy Equity Management Inc.. View insider buying and selling activity for New Relic. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is New Relic's stock price today? One share of NEWR stock can currently be purchased for approximately $54.00. How big of a company is New Relic? New Relic has a market capitalization of $3.25 billion and generates $599.51 million in revenue each year. The software maker earns $-88,940,000.00 in net income (profit) each year or ($1.08) on an earnings per share basis. New Relic employs 2,131 workers across the globe. What is New Relic's official website? The official website for New Relic is www.newrelic.com. How can I contact New Relic? New Relic's mailing address is 188 Spear Street Suite 1000, San Francisco CA, 94105. The software maker can be reached via phone at 650-777-7600 or via email at [email protected] This page was last updated on 9/25/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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