NYSE:NEWR New Relic - NEWR Stock Forecast, Price & News Adding Choose a watchlist: 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. $64.58 +0.94 (+1.48%) (As of 02/7/2023 12:00 AM ET) Add Compare Share Share Today's Range$62.39▼$64.8450-Day Range$53.77▼$66.1252-Week Range$41.66▼$109.86Volume663,456 shsAverage Volume441,087 shsMarket Capitalization$4.41 billionP/E RatioN/ADividend YieldN/APrice Target$67.54 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability New Relic MarketRank™ ForecastAnalyst RatingHold2.36 Rating ScoreUpside/Downside4.6% Upside$67.54 Price TargetShort InterestHealthy2.75% of Float Sold ShortDividend StrengthN/ASustainability-0.63Upright™ Environmental ScoreNews Sentiment0.63Based on 12 Articles This WeekInsider TradingSelling Shares$36.81 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($2.17) to ($2.11) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.24 out of 5 starsComputer And Technology Sector297th out of 610 stocksPrepackaged Software Industry95th out of 216 stocks 2.2 Analyst's Opinion Consensus RatingNew Relic has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 4 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $67.54, New Relic has a forecasted upside of 4.6% from its current price of $64.58.Amount of Analyst CoverageNew Relic has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.75% of the float of New Relic has been sold short.Short Interest Ratio / Days to CoverNew Relic has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in New Relic has recently decreased by 1.73%, indicating that investor sentiment is improving. 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 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreNew 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 SustainabilityThe Environmental Impact score for New Relic is -0.63. Previous Next 3.1 News and Social Media Coverage News SentimentNew Relic has a news sentiment score of 0.63. 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 higher news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 12 news articles for New Relic this week, compared to 3 articles on an average week.Search Interest3 people have searched for NEWR on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added New Relic to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn 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 $36,806,171.00 in company stock.Percentage Held by Insiders21.00% 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 Institutions83.56% 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 ($2.17) to ($2.11) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Relic is -19.81, 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 -19.81, 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 13.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About New Relic (NYSE:NEWR) StockNew 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.Read More Receive NEWR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Relic and its competitors with MarketBeat's FREE daily newsletter. Email Address NEWR Stock News HeadlinesFebruary 7, 2023 | msn.comNew Relic Non-GAAP EPS of $0.32 beats by $0.17, revenue of $239.8M beats by $6.88MFebruary 7, 2023 | finance.yahoo.comNew Relic (NEWR) Q3 Earnings and Revenues Top EstimatesFebruary 8, 2023 | Wall Street Watch Dogs (Ad)The #1 Energy Stock to BuyThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…February 7, 2023 | finance.yahoo.comWilliam Hill Standardizes on New RelicFebruary 7, 2023 | finance.yahoo.comNew Relic Announces Third Quarter Fiscal Year 2023 ResultsFebruary 7, 2023 | finance.yahoo.comNew Relic Quarterly Results Beat Estimates On Top, Bottom LinesFebruary 7, 2023 | finance.yahoo.comNew Relic stock soars after earnings as forecast tops expectationsFebruary 6, 2023 | msn.comNew Relic's Earnings: A PreviewFebruary 8, 2023 | Wall Street Watch Dogs (Ad)The #1 Energy Stock to BuyThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…February 5, 2023 | americanbankingnews.comNew Relic (NEWR) to Release Quarterly Earnings on TuesdayJanuary 31, 2023 | finance.yahoo.comNew Relic Launches Industry’s Only Full-Stack Change Tracking SolutionJanuary 24, 2023 | finance.yahoo.comF5 Networks (FFIV) Surpasses Q1 Earnings EstimatesJanuary 24, 2023 | finance.yahoo.comNew Relic Now Available as a Native Azure ServiceJanuary 17, 2023 | finance.yahoo.comNew Relic Announces General Availability of Vulnerability ManagementJanuary 17, 2023 | finance.yahoo.comNew Relic Announces Date of Third Quarter Fiscal Year 2023 Financial Results Conference CallJanuary 17, 2023 | seekingalpha.comNew Relic: Scoop This Up As Growth Revs Up AgainJanuary 10, 2023 | finance.yahoo.comNew Relic, Inc. (NEWR)January 10, 2023 | finance.yahoo.comNew Relic Launches New Error Tracking CapabilitiesJanuary 9, 2023 | seekingalpha.comServiceNow, New Relic slip as Truist downgrades pairDecember 15, 2022 | finance.yahoo.comNew Relic Expands Technology Partner Ecosystem with Over 100 IntegrationsDecember 13, 2022 | technews.tmcnet.comCloudZero Releases MongoDB, Databricks, New Relic Integrations, Building On AnyCost TechnologyDecember 10, 2022 | finance.yahoo.comEstimating The Fair Value Of New Relic, Inc. (NYSE:NEWR)December 6, 2022 | msn.comNew Relic's Return On Capital Employed InsightsDecember 5, 2022 | finance.yahoo.comNew Relic Recognized as 2022 Gartner® Peer Insights™ Customers’ Choice for Application Performance Monitoring and Observability among Global and Large EnterprisesNovember 29, 2022 | finance.yahoo.comNew Relic Releases Add-Ons for AWS Compute Optimizer, AWS Lambda Extensions, and AWS App RunnerNovember 18, 2022 | nasdaq.comJana Partners Discloses Position in NEWR / New Relic IncNovember 18, 2022 | benzinga.comMassive Insider Trade At New RelicSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive NEWR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Relic and its competitors with MarketBeat's FREE daily newsletter. Email Address NEWR Company Calendar Last Earnings11/08/2021Today2/07/2023Next Earnings (Confirmed)2/07/2023Fiscal Year End3/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:NEWR CUSIPN/A CIK1448056 Webwww.newrelic.com Phone(650) 777-7600Fax604-601-8279Employees2,217Year FoundedN/APrice Target and Rating Average Stock Price Forecast$67.54 High Stock Price Forecast$81.00 Low Stock Price Forecast$55.00 Forecasted Upside/Downside+4.6%Consensus RatingHold Rating Score (0-4)2.36 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($3.26) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-250,400,000.00 Net Margins-25.24% Pretax Margin-24.58% Return on Equity-62.88% Return on Assets-14.62% Debt Debt-to-Equity RatioN/A Current Ratio1.10 Quick Ratio1.10 Sales & Book Value Annual Sales$785.52 million Price / Sales5.62 Cash FlowN/A Price / Cash FlowN/A Book Value$4.88 per share Price / Book13.23Miscellaneous Outstanding Shares68,340,000Free Float53,987,000Market Cap$4.41 billion OptionableOptionable Beta0.88 Key ExecutivesWilliam StaplesChief Executive Officer & DirectorKristy FriedrichsChief Operating OfficerDavid BarterChief Financial & Accounting OfficerMark DoddsChief Revenue OfficerManav KhuranaChief Growth OfficerKey CompetitorsBlackLineNASDAQ:BLSentinelOneNYSE:SQualysNASDAQ:QLYSPaycor HCMNASDAQ:PYCRClearwater AnalyticsNYSE:CWANView All CompetitorsInsiders & InstitutionsEnvestnet Asset Management Inc.Sold 1,801 shares on 2/7/2023Ownership: 0.020%LPL Financial LLCSold 1,194 shares on 2/7/2023Ownership: 0.019%Fox Run Management L.L.C.Bought 8,978 shares on 2/7/2023Ownership: 0.013%Hollencrest Capital ManagementBought 7,100 shares on 2/7/2023Ownership: 0.010%Cutler Group LLC CASold 1,600 shares on 2/7/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions NEWR Stock - Frequently Asked Questions Should I buy or sell New Relic stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 7 hold ratings and 4 buy ratings 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? 11 brokerages have issued 1-year price objectives for New Relic's stock. Their NEWR share price forecasts range from $55.00 to $81.00. On average, they expect the company's stock price to reach $67.54 in the next year. This suggests a possible upside of 4.6% 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 at the beginning of 2023. Since then, NEWR stock has increased by 14.4% and is now trading at $64.58. View the best growth stocks for 2023 here. When is New Relic's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023. View our NEWR earnings forecast. How were New Relic's earnings last quarter? New Relic, Inc. (NYSE:NEWR) announced its quarterly earnings data on Monday, November, 8th. The software maker reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.03. The software maker earned $195.70 million during the quarter, compared to analysts' expectations of $182.21 million. New Relic had a negative net margin of 25.24% and a negative trailing twelve-month return on equity of 62.88%. The firm's revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.68) earnings per share. What guidance has New Relic issued on next quarter's earnings? New Relic updated its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided earnings per share guidance of $0.40-$0.43 for the period, compared to the consensus earnings per share estimate of $0.19. The company issued revenue guidance of $923.10 million-$925.10 million, compared to the consensus revenue estimate of $914.92 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 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 Allspring Global Investments Holdings LLC (0.40%), Assenagon Asset Management S.A. (0.37%), Gagnon Securities LLC (0.32%), New York State Common Retirement Fund (0.21%), National Bank of Canada FI (0.12%) and Bank of Montreal Can (0.10%). Insiders that own company stock include David Barter, David J Henshall, Jana Partners Llc, Kristy Friedrichs, Lewis Cirne, 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 $64.58. How much money does New Relic make? New Relic (NYSE:NEWR) has a market capitalization of $4.41 billion and generates $785.52 million in revenue each year. The software maker earns $-250,400,000.00 in net income (profit) each year or ($3.26) on an earnings per share basis. How many employees does New Relic have? The company 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 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 2/8/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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 from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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