New Relic - NEWR Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NEWR shares.
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10 Wall Street research analysts have issued 12 month target prices 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 $69.58 in the next twelve months. This suggests a possible upside of 32.7% from the stock's current price.
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New Relic's stock was trading at $109.96 at the beginning of 2022. Since then, NEWR stock has decreased by 52.3% and is now trading at $52.42.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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New Relic, Inc. (NYSE:NEWR) released 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 had revenue of $195.70 million for the quarter, compared to analyst estimates of $182.21 million. New Relic had a negative trailing twelve-month return on equity of 62.88% and a negative net margin of 25.24%. The firm's revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.68) earnings per share.

New Relic issued an update on its FY 2023 earnings guidance on Wednesday, November, 9th. The company provided 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.

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.

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).

(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.

New Relic trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEWR."

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.
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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.
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One share of NEWR stock can currently be purchased for approximately $52.42.

New Relic (NYSE:NEWR) has a market capitalization of $3.58 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.

The company employs 2,217 workers across the globe.

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.