New Relic Stock Forecast, Price & News

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.
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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.
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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.
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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.
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New Relic is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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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%.
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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.

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.

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).
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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).

(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.

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 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.
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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.
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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.
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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.
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One share of NEWR stock can currently be purchased for approximately $54.08.

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.

New Relic 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 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.