NYSE:NEWRNew Relic Stock Price, Forecast & 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 $65.47 -0.57 (-0.86 %) (As of 05/28/2020 04:00 PM ET) Add Compare Share Today's Range$65.26Now: $65.47▼$67.2850-Day Range$45.64MA: $55.50▼$66.0452-Week Range$33.49Now: $65.47▼$101.82Volume958,400 shsAverage Volume1.09 million shsMarket Capitalization$3.92 billionP/E RatioN/ADividend YieldN/ABeta1.09 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial 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™ 3.3 Analyst's Opinion Consensus RatingNew Relic has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 9 buy ratings, 6 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $74.00, New Relic has a potential upside of 13.0% from its current price of $65.47.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 483 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNew Relic has received 354 “underperform” votes. (Add your “underperform” vote.)Community SentimentNew Relic has received 57.71% “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 more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,139,675.00 in company stock.Percentage Held by InsidersOnly 17.40% of the stock of New Relic is held by insiders.Percentage Held by Institutions86.96% 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 ($1.60) to ($1.53) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Relic is -43.36, 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 -43.36, 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 10.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.56 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 Ratio1.24 Current Ratio2.66 Quick Ratio2.66Price-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 / Sales6.54 Cash Flow$0.57 per share Price / Cash Flow115.00 Book Value$6.53 per share Price / Book10.03Profitability EPS (Most Recent Fiscal Year)($1.08) Net Income$-88,940,000.00 Net Margins-14.90% Return on Equity-16.29% Return on Assets-5.16%Miscellaneous Employees2,131 Outstanding Shares59,844,000Market Cap$3.92 billion Next Earnings Date8/4/2020 (Estimated) OptionableOptionable NEWR Rates by TradingView 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 (Coronavirus)? New Relic's stock was trading at $45.05 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NEWR stock has increased by 45.3% and is now trading at $65.47. View which stocks have been most impacted by Coronavirus. 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, 6 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." 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, August 4th 2020. View our earnings forecast for New Relic. How were New Relic's earnings last quarter? New Relic Inc (NYSE:NEWR) issued its quarterly earnings data on Thursday, May, 14th. The software maker reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.49. The software maker earned $159.66 million during the quarter, compared to analyst estimates of $153.59 million. New Relic had a negative return on equity of 16.29% and a negative net margin of 14.90%. View New Relic's earnings history. What guidance has New Relic issued on next quarter's earnings? New Relic issued an update on its first quarter 2021 After-Hours earnings guidance on Thursday, May, 14th. The company provided EPS guidance of -0.01-0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.08. The company issued revenue guidance of $158-160 million, compared to the consensus revenue estimate of $159.65 million. What price target have analysts set for NEWR? 18 analysts have issued 1 year target prices for New Relic's stock. Their forecasts range from $56.00 to $99.00. On average, they expect New Relic's stock price to reach $74.00 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price. View analysts' price targets for New Relic. Has New Relic been receiving favorable news coverage? Media stories about NEWR stock have trended very negative on Thursday, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. New Relic earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutNew Relic. Are investors shorting New Relic? New Relic saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,600,000 shares, a drop of 7.7% from the April 30th total of 6,070,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 11.2% of the shares of the company are short sold. View New Relic's Current Options Chain. Who are some of New Relic's key competitors? Some companies that are related to New Relic include Check Point Software Technologies (CHKP), SS&C Technologies (SSNC), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Tableau Software (DATA), Coupa Software (COUP), Tyler Technologies (TYL), Mongodb (MDB), Symantec (SYMC), NortonLifeLock (NLOK), Nice (NICE), Black Knight (BKI), Dynatrace (DT), Ceridian HCM (CDAY), Dropbox (DBX) and Alteryx (AYX). 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), Alibaba Group (BABA), Okta (OKTA), Netflix (NFLX), Shopify (SHOP), Trade Desk (TTD) and Activision Blizzard (ATVI). 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 (IPO) 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 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 variety of retail and institutional investors. Top institutional investors include Eminence Capital LP (6.47%), Champlain Investment Partners LLC (6.40%), Matrix Capital Management Company LP (4.49%), First Trust Advisors LP (3.46%), Clearbridge Investments LLC (3.17%) and Baillie Gifford & Co. (2.16%). Company insiders that own New Relic stock include Erica Schultz, James R Gochee, Lewis Cirne, Mark Sachleben 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 Balyasny Asset Management LLC, AQR Capital Management LLC, Thrivent Financial for Lutherans, Engineers Gate Manager LP, Lord Abbett & CO. LLC, Tudor Investment Corp Et Al, Baillie Gifford & Co., and Squarepoint Ops LLC. Company insiders that have sold New Relic company stock in the last year include Erica Schultz, James R Gochee, 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 acquired by a variety of institutional investors in the last quarter, including Matrix Capital Management Company LP, Eminence Capital LP, Artemis Investment Management LLP, Artemis Investment Management LLP, Jana Partners LLC, Champlain Investment Partners LLC, First Trust Advisors LP, and Assenagon Asset Management S.A.. 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 $65.47. How big of a company is New Relic? New Relic has a market capitalization of $3.92 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 5/28/2020 by MarketBeat.com Staff
