NYSE:NEWR New Relic Stock Forecast, Price & News Adding Choose a watchlist: 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. $54.08 +1.58 (+3.01%) (As of 06/24/2022 12:00 AM ET) Add Compare Share Today's Range$52.19▼$54.9750-Day Range$42.48▼$74.0552-Week Range$41.66▼$129.70Volume892,805 shsAverage Volume1.10 million shsMarket Capitalization$3.62 billionP/E RatioN/ADividend YieldN/APrice Target$83.30 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive NEWR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Relic and its competitors with MarketBeat's FREE daily newsletter. Email Address NEWR Stock Forecast (MarketRank)Overall MarketRank™2.53 out of 5 starsComputer And Technology Sector183rd out of 923 stocksPrepackaged Software Industry45th out of 302 stocksAnalyst Opinion: 3.2Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 4.2Valuation: 0.6 5 -4 -3 -2 -1 - 3.2 Analyst's Opinion Consensus RatingNew Relic has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $83.30, New Relic has a forecasted upside of 54.0% from its current price of $54.08.Amount of Analyst CoverageNew Relic has only been the subject of 2 research reports in the past 90 days. Previous Next 4.7 Community Rank Outperform VotesNew Relic has received 506 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNew Relic has received 218 “underperform” votes. (Add your “underperform” vote.)Community SentimentNew Relic has received 69.89% “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 4.2 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 $8,441,832.00 in company stock.Percentage Held by Insiders22.00% of the stock of New Relic is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions88.24% 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 ($2.77) to ($2.37) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Relic is -13.94, 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 -13.94, 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 11.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About New Relic (NYSE:NEWR)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.Read More NEWR Stock News HeadlinesJune 24, 2022 | americanbankingnews.comNew Relic (NYSE:NEWR) Shares Gap Up to $46.06June 22, 2022 | seekingalpha.comHot Stocks: KFY rises on earnings; ENTA sues PFE over COVID drug; NEWR climbs; DOW downgradeJune 22, 2022 | seekingalpha.comNew Relic gains as activist Jana Partners adds to its stakeJune 19, 2022 | finance.yahoo.com8 Stocks Billionaire Barry Rosenstein Loves (And 2 He’s Given Up On)June 11, 2022 | msn.comJANA wins two board seats at software firm New Relic. This is what may be aheadJune 10, 2022 | finance.yahoo.comNew Relic Named a Leader in the 2022 Gartner® Magic Quadrant™ for APM and Observability for 10th Consecutive TimeJune 10, 2022 | americanbankingnews.comLewis Cirne Sells 30,000 Shares of New Relic, Inc. (NYSE:NEWR) StockJune 9, 2022 | americanbankingnews.comNew Relic (NYSE:NEWR) Shares Gap Up to $47.64June 6, 2022 | finance.yahoo.comNew Relic Adds Board Members as Part of Ongoing Board RefreshMay 18, 2022 | seekingalpha.comNew Relic announces integration and multi-year partnership with Microsoft AzureMay 18, 2022 | finance.yahoo.comNew Relic Expands Instant Observability EcosystemMay 18, 2022 | finance.yahoo.comNew Relic Announces Product Integrations and Multi-Year Commercial Partnership with Microsoft AzureMay 18, 2022 | finance.yahoo.comNew Relic Introduces Vulnerability ManagementSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:NEWR CUSIPN/A CIK1448056 Webwww.newrelic.com Phone(650) 777-7600Fax604-601-8279Employees2,217Year FoundedN/ACompany Calendar Last Earnings5/12/2022Today6/24/2022Next Earnings (Estimated)8/02/2022Fiscal Year End3/31/2023Price Target and Rating Average Stock Price Forecast$83.30 High Stock Price Forecast$150.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+54.0%Consensus RatingHold Rating Score (0-4)2.42857142857143 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($3.88) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-250.40 million Net Margins-31.88% Pretax Margin-29.51% Return on Equity-74.08% Return on Assets-18.60% Debt Debt-to-Equity Ratio1.54 Current Ratio2.15 Quick Ratio2.15 Sales & Book Value Annual Sales$785.52 million Price / Sales4.61 Cash FlowN/A Price / Cash FlowN/A Book Value$4.88 per share Price / Book11.08Miscellaneous Outstanding Shares66,920,000Free Float52,198,000Market Cap$3.62 billion OptionableOptionable Beta1.01 New Relic Frequently Asked Questions Should I buy or sell New Relic stock right now? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" New Relic stock. 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 analyst ratings for New Relic or view top-rated stocks. What is New Relic's stock price forecast for 2022? 7 equities research analysts have issued twelve-month target prices for New Relic's shares. Their NEWR stock forecasts range from $45.00 to $150.00. On average, they predict New Relic's share price to reach $83.30 in the next year. This suggests a possible upside of 54.0% from the stock's current price. View analysts' price targets for New Relic or view top-rated stocks among Wall Street analysts. How has New Relic's stock 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 50.8% and is now trading at $54.08. View the best growth stocks for 2022 here. 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 2,630,000 shares, a drop of 48.6% from the April 30th total of 5,120,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 4.5% of the company's shares are short sold. View New Relic's Short Interest. When is New Relic's next earnings date? New Relic is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022. View our earnings forecast for New Relic. How were New Relic's earnings last quarter? New Relic, Inc. (NYSE:NEWR) released its quarterly earnings results on Thursday, May, 12th. The software maker reported ($0.84) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.88) by $0.04. The software maker earned $205.75 million during the quarter, compared to analysts' expectations of $204.92 million. New Relic had a negative net margin of 31.88% and a negative trailing twelve-month return on equity of 74.08%. View New Relic's earnings history. What guidance has New Relic issued on next quarter's earnings? New Relic updated its first quarter 2023 earnings guidance on Thursday, June, 9th. The company provided earnings per share guidance of -$0.38--$0.35 for the period, compared to the consensus EPS estimate of -$0.08. The company issued revenue guidance of $212.00 million-$214.00 million, compared to the consensus revenue estimate of $211.34 million. Who are New Relic's key executives? New Relic's management team includes the following people: Mr. Lewis Cirne, Founder & Exec. Chairman (Age 52, Pay $616.12k)Mr. William Staples, CEO & Director (Age 49, Pay $691.54k) (LinkedIn Profile)Mr. Mark J. Sachleben, CFO & Corp. Sec. (Age 57, Pay $491.97k)Ms. Kristy Friedrichs, Chief Operating Officer (LinkedIn Profile)Mr. Gregory Ouillon, EMEA Field Chief Technology OfficerMr. Peter Goldmacher, VP of Investor RelationsMr. Stephen Hurn, Chief Sales OfficerMs. Tracy Williams, Chief People & Diversity OfficerMr. Jay G. Synder, Exec. VP & Chief Customer Officer (Age 51)Mr. John Siebert, Exec. VP of Sales for Americas What is Lew Cirne's approval rating as New Relic's CEO? 441 employees have rated New Relic CEO Lew Cirne on Glassdoor.com. Lew Cirne has an approval rating of 86% among New Relic's employees. Who are some of New Relic's key competitors? Some companies that are related to New Relic include Tyler Technologies (TYL), Unity Software (U), DocuSign (DOCU), Bill.com (BILL), PTC (PTC), NICE (NICE), NortonLifeLock (NLOK), Dynatrace (DT), Citrix Systems (CTXS), UiPath (PATH), Black Knight (BKI), Paylocity (PCTY), Full Truck Alliance (YMM), Bentley Systems (BSY) and Anaplan (PLAN). View all of NEWR's 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), 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 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 retail and institutional investors. Top institutional shareholders include Eminence Capital LP (7.79%), Vanguard Group Inc. (7.52%), Champlain Investment Partners LLC (3.82%), Wellington Management Group LLP (3.47%), Clearbridge Investments LLC (2.85%) and BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.36%). Company insiders that own New Relic stock include David J Henshall, Erica Schultz, James R Gochee, Kristy Friedrichs, Lewis Cirne, Mark Sachleben, Michael J Christenson, Steve Hurn and William Staples. View institutional ownership trends for New Relic. Which institutional investors are selling New Relic stock? NEWR stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, New York State Common Retirement Fund, Champlain Investment Partners LLC, Assenagon Asset Management S.A., TimesSquare Capital Management LLC, UBS Group AG, Sandler Capital Management, and Wellington Management Group LLP. Company insiders that have sold New Relic company stock in the last two years include Kristy Friedrichs, Lewis Cirne, Mark Sachleben, Steve Hurn, and William Staples. View insider buying and selling activity for New Relic or view top insider-selling stocks. Which institutional investors are buying New Relic stock? NEWR stock was bought by a variety of institutional investors in the last quarter, including Jana Partners LLC, Eminence Capital LP, JPMorgan Chase & Co., Clearline Capital LP, NewEdge Wealth LLC, American Century Companies Inc., BNP PARIBAS ASSET MANAGEMENT Holding S.A., and Archon Capital Management LLC. Company insiders that have bought New Relic stock in the last two years include David J Henshall, and Michael J Christenson. View insider buying and selling activity for New Relic or or view top insider-buying stocks. 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 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 $54.08. How much money does New Relic make? New Relic (NYSE:NEWR) has a market capitalization of $3.62 billion and generates $785.52 million in revenue each year. The software maker earns $-250.40 million in net income (profit) each year or ($3.88) on an earnings per share basis. How many employees does New Relic have? New Relic 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 New Relic is www.newrelic.com. The software maker can be reached via phone at (650) 777-7600, via email at ir[email protected], or via fax at 604-601-8279. 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