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S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
Stop Buying Stocks… Until You Read This (Ad)
Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
Germany secures more gas shipments as Scholz visits Gulf
Stop Buying Stocks… Until You Read This (Ad)
Labour conference starts with focus on 'immoral' tax cuts
Can Caterpillar Claw Higher in a Falling Market?
Stop Buying Stocks… Until You Read This (Ad)
Is Dave & Buster’s Immune to High Inflation and Lower Spending?
Fire breaks out at world's biggest produce market in Paris
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
Stop Buying Stocks… Until You Read This (Ad)
Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
Germany secures more gas shipments as Scholz visits Gulf
Stop Buying Stocks… Until You Read This (Ad)
Labour conference starts with focus on 'immoral' tax cuts
Can Caterpillar Claw Higher in a Falling Market?
Stop Buying Stocks… Until You Read This (Ad)
Is Dave & Buster’s Immune to High Inflation and Lower Spending?
Fire breaks out at world's biggest produce market in Paris
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
Stop Buying Stocks… Until You Read This (Ad)
Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
Germany secures more gas shipments as Scholz visits Gulf
Stop Buying Stocks… Until You Read This (Ad)
Labour conference starts with focus on 'immoral' tax cuts
Can Caterpillar Claw Higher in a Falling Market?
Stop Buying Stocks… Until You Read This (Ad)
Is Dave & Buster’s Immune to High Inflation and Lower Spending?
Fire breaks out at world's biggest produce market in Paris
NYSE:NEWR

New Relic - NEWR Stock Forecast, Price & News

$54.34
-1.25 (-2.25%)
(As of 09/23/2022 08:56 PM ET)
Add
Compare
Today's Range
$53.83
$56.58
50-Day Range
$51.66
$69.41
52-Week Range
$41.66
$129.70
Volume
867,700 shs
Average Volume
958,768 shs
Market Capitalization
$3.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$77.55

New Relic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
42.7% Upside
$77.55 Price Target
Short Interest
Healthy
2.34% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.43mentions of New Relic in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$7.65 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.27) to ($1.97) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.92 out of 5 stars

Computer And Technology Sector

86th out of 627 stocks

Prepackaged Software Industry

19th out of 227 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.

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NEWR Stock News Headlines

Credit Suisse Group Begins Coverage on New Relic (NYSE:NEWR)
New Relic (NYSE:NEWR) Cut to Hold at StockNews.com
What 6 Analyst Ratings Have To Say About New Relic
7 Best Stocks to Buy According to Activist JANA Partners
New Relic (NYSE:NEWR) Upgraded by StockNews.com to Buy
New layoffs hit tech firm with big Portland presence
Why New Relic Stock Was Up Today
New Relic (NEWR) Q1 2023 Earnings Call Transcript
New Relic: Q1 Earnings Insights
New Relic earnings preview: what to expect
See More Headlines
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NEWR Company Calendar

Last Earnings
8/04/2022
Today
9/26/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$77.55
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+42.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$-250,400,000.00
Pretax Margin
-25.96%

Debt

Sales & Book Value

Annual Sales
$785.52 million
Book Value
$4.88 per share

Miscellaneous

Free Float
53,179,000
Market Cap
$3.66 billion
Optionable
Optionable
Beta
0.96

Key Executives

  • Mr. Lewis CirneMr. Lewis Cirne (Age 52)
    Founder & Exec. Chairman
    Comp: $477.6k
  • Mr. William StaplesMr. William Staples (Age 49)
    CEO & Director
    Comp: $1.02M
  • Ms. Kristy FriedrichsMs. Kristy Friedrichs (Age 42)
    Chief Operating Officer
    Comp: $733.36k
  • Mr. Stephen Hurn (Age 57)
    Chief Sales Officer
    Comp: $1.05M
  • Mr. David Barter (Age 50)
    Chief Financial Officer
  • Mr. Gregory Ouillon
    EMEA Field Chief Technology Officer
  • Mr. Peter Goldmacher
    VP of Investor Relations
  • Thomas Lloyd
    Gen. Counsel
  • Ms. Tracy Williams
    Chief People & Diversity Officer
  • Mr. Jay G. Synder (Age 51)
    Exec. VP & Chief Customer Officer













NEWR Stock - Frequently Asked Questions

Should I buy or sell New Relic stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NEWR shares.
View NEWR analyst ratings
or view top-rated stocks.

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

9 equities research analysts have issued 1-year target prices for New Relic's shares. Their NEWR share price forecasts range from $50.00 to $150.00. On average, they predict the company's share price to reach $77.55 in the next twelve months. This suggests a possible upside of 42.7% 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 2022?

New Relic's stock was trading at $109.96 at the beginning of the year. Since then, NEWR stock has decreased by 50.6% and is now trading at $54.34.
View the best growth stocks for 2022 here
.

Are investors shorting New Relic?

New Relic saw a decrease in short interest in August. As of August 31st, there was short interest totaling 1,420,000 shares, a decrease of 9.6% from the August 15th total of 1,570,000 shares. Based on an average daily trading volume, of 742,800 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.3% of the company's stock are sold short.
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 Monday, November 14th 2022.
View our NEWR earnings forecast
.

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) posted its earnings results on Thursday, August, 4th. The software maker reported ($0.79) EPS for the quarter, beating analysts' consensus estimates of ($0.94) by $0.15. The software maker earned $216.46 million during the quarter, compared to the consensus estimate of $212.68 million. New Relic had a negative trailing twelve-month return on equity of 68.32% and a negative net margin of 27.05%.

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

New Relic updated its second quarter 2023 earnings guidance on Thursday, August, 25th. The company provided earnings per share guidance of -$0.07--$0.04 for the period, compared to the consensus EPS estimate of -$0.07. The company issued revenue guidance of $219.00 million-$224.00 million, compared to the consensus revenue estimate of $225.29 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 variety of institutional and retail investors. Top institutional shareholders include Eminence Capital LP (8.29%), Contour Asset Management LLC (3.75%), Clearbridge Investments LLC (2.81%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.30%), Sachem Head Capital Management LP (2.21%) and JPMorgan Chase & Co. (1.25%). Insiders that own company stock include David J Henshall, Kristy Friedrichs, Lewis Cirne, Mark Sachleben, Michael J Christenson, 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 $54.34.

How much money does New Relic make?

New Relic (NYSE:NEWR) has a market capitalization of $3.66 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 ($3.40) 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 9/26/2022 by MarketBeat.com Staff

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