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NYSE:NEWR

New Relic - NEWR Stock Forecast, Price & News

$58.19
+0.11 (+0.19%)
(As of 12/9/2022 01:38 PM ET)
Add
Compare
Today's Range
$57.76
$58.36
50-Day Range
$50.72
$61.06
52-Week Range
$41.66
$112.82
Volume
11,080 shs
Average Volume
569,627 shs
Market Capitalization
$3.98 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$69.58

New Relic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
19.5% Upside
$69.58 Price Target
Short Interest
Healthy
2.87% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
-0.02mentions of New Relic in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$37.24 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.20) to ($2.14) Per Share

Overall MarketRank

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

2.51 out of 5 stars

Computer And Technology Sector

127th out of 621 stocks

Prepackaged Software Industry

42nd out of 218 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

New Relic (NYSE:NEWR) Shares Up 4.7%
Massive Insider Trade At New Relic
Board Member of New Relic Sold $11.77M In Stock
New Relic (NEWR) Q2 2023 Earnings Call Transcript
New Relic (NEWR) Q2 Earnings and Revenues Beat Estimates
New Relic: From Bubble To Overvalued
HashiCorp Appoints David Henshall to Board of Directors
See More Headlines
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NEWR Company Calendar

Last Earnings
11/08/2021
Today
12/09/2022
Next Earnings (Estimated)
2/14/2023
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
$69.58
High Stock Price Forecast
$81.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+19.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$-250,400,000.00
Pretax Margin
-24.58%

Debt

Sales & Book Value

Annual Sales
$785.52 million
Book Value
$4.88 per share

Miscellaneous

Free Float
53,987,000
Market Cap
$3.98 billion
Optionable
Optionable
Beta
0.88

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. David Barter (Age 50)
    Chief Financial Officer
  • Mr. Gregory Ouillon
    EMEA Field Chief Technology Officer
  • Mr. Peter Goldmacher
    VP of Investor Relations
  • Mr. Thomas Lloyd
    Chief Legal Officer & Corp. Sec.
  • Ms. Tracy Williams
    Chief People & Diversity Officer
  • Mr. Jay G. Synder (Age 51)
    Exec. VP & Chief Customer Officer
  • Mr. John Siebert
    Exec. VP of Sales for Americas













NEWR Stock - Frequently Asked Questions

Should I buy or sell New Relic stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research 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 2023?

10 brokerages have issued 1 year target prices for New Relic's shares. Their NEWR share price forecasts range from $55.00 to $81.00. On average, they anticipate the company's stock price to reach $69.58 in the next year. This suggests a possible upside of 20.0% 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 shares have decreased by 47.2% and is now trading at $58.01.
View the best growth stocks for 2022 here
.

When is New Relic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our NEWR earnings forecast
.

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) posted its quarterly earnings results on Monday, November, 8th. The software maker reported ($0.10) earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.68) EPS.

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

New Relic updated its FY 2023 earnings guidance on Friday, December, 9th. The company provided earnings per share (EPS) guidance of $0.16-$0.22 for the period, compared to the consensus EPS estimate of $0.10. The company issued revenue guidance of $912.00 million-$920.00 million, compared to the consensus revenue estimate of $920.19 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 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 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 investors include Eminence Capital LP (8.32%), Vanguard Group Inc. (7.41%), Sunriver Management LLC (1.20%), Senvest Management LLC (1.09%), Neuberger Berman Group LLC (0.82%) and Jacobs Levy Equity Management Inc. (0.81%). 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 $58.01.

How much money does New Relic make?

New Relic (NYSE:NEWR) has a market capitalization of $3.96 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 12/9/2022 by MarketBeat.com Staff