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NYSE:NEWR

New Relic - NEWR Stock Forecast, Price & News

$72.44
+0.78 (+1.09%)
(As of 03/30/2023 04:33 PM ET)
Add
Compare
Today's Range
$71.51
$73.17
50-Day Range
$56.70
$77.78
52-Week Range
$41.66
$80.88
Volume
415,179 shs
Average Volume
593,673 shs
Market Capitalization
$4.99 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$77.54

New Relic MarketRank™ Forecast

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
7.0% Upside
$77.54 Price Target
Short Interest
Healthy
1.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.91mentions of New Relic in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$2.38 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.83) to ($1.14) Per Share

Overall MarketRank

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

2.31 out of 5 stars

Computer And Technology Sector

243rd out of 616 stocks

Prepackaged Software Industry

78th out of 213 stocks


NEWR stock logo

About New Relic (NYSE:NEWR) Stock

New 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.

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NEWR Stock News Headlines

3 Segments of Software Set to Soar
Intelligent Growth Solutions Standardizes on New Relic
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
NEWR New Relic, Inc.
New Relic Launches JFrog Integration
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
3 Key Elements of Winning Stocks - This Trio Has Them
New Relic to Participate in Upcoming Investor Conferences
Benevity Standardizes on New Relic
Earnings Gappers: 3 Stocks Set to Build off Strong EPS
Here's Why New Relic Stock Jumped Higher Today
These 2 Stocks Are Rising From the Ashes
See More Headlines
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NEWR Company Calendar

Last Earnings
2/07/2023
Today
3/30/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
5/11/2023

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
$77.54
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$57.00
Forecasted Upside/Downside
+8.2%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$-250,400,000.00
Pretax Margin
-20.50%

Debt

Sales & Book Value

Annual Sales
$785.52 million
Book Value
$4.88 per share

Miscellaneous

Free Float
54,418,000
Market Cap
$4.94 billion
Optionable
Optionable
Beta
0.90

Key Executives

  • William StaplesWilliam Staples
    Chief Executive Officer & Director
  • Kristy FriedrichsKristy Friedrichs
    Chief Operating Officer
  • David Barter
    Chief Financial & Accounting Officer
  • Mark Dodds
    Chief Revenue Officer
  • Manav Khurana
    Chief Growth Officer













NEWR Stock - Frequently Asked Questions

Should I buy or sell New Relic stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 8 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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?

13 brokerages have issued twelve-month target prices for New Relic's stock. Their NEWR share price forecasts range from $57.00 to $90.00. On average, they anticipate the company's stock price to reach $77.54 in the next year. This suggests a possible upside of 8.2% 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 on January 1st, 2023. Since then, NEWR stock has increased by 26.9% and is now trading at $71.66.
View the best growth stocks for 2023 here
.

Are investors shorting New Relic?

New Relic saw a decline in short interest in March. As of March 15th, there was short interest totaling 804,700 shares, a decline of 27.5% from the February 28th total of 1,110,000 shares. Based on an average daily trading volume, of 569,500 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.3% of the company's shares are short sold.
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 Thursday, May 11th 2023.
View our NEWR earnings forecast
.

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) announced its quarterly earnings results on Tuesday, February, 7th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.20. The software maker had revenue of $239.76 million for the quarter, compared to analysts' expectations of $232.63 million. New Relic had a negative trailing twelve-month return on equity of 48.42% and a negative net margin of 20.08%.

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

New Relic issued an update on its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided earnings per share (EPS) guidance of $0.40-$0.43 for the period, compared to the consensus 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 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 number of retail and institutional investors. Top institutional shareholders include Eminence Capital LP (7.43%), Engaged Capital LLC (3.79%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.07%), Clearbridge Investments LLC (2.81%), Senvest Management LLC (1.66%) and Geode Capital Management LLC (1.10%). 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 $71.66.

How much money does New Relic make?

New Relic (NYSE:NEWR) has a market capitalization of $4.94 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 ($2.68) 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 3/30/2023 by MarketBeat.com Staff