NYSE:NEWR New Relic - NEWR Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. $72.44 +0.78 (+1.09%) (As of 03/30/2023 04:33 PM ET) Add Compare Share Share Today's Range$71.51▼$73.1750-Day Range$56.70▼$77.7852-Week Range$41.66▼$80.88Volume415,179 shsAverage Volume593,673 shsMarket Capitalization$4.99 billionP/E RatioN/ADividend YieldN/APrice Target$77.54 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability New Relic MarketRank™ ForecastAnalyst RatingHold2.46 Rating ScoreUpside/Downside7.0% Upside$77.54 Price TargetShort InterestHealthy1.29% of Float Sold ShortDividend StrengthN/ASustainability-0.63Upright™ Environmental ScoreNews Sentiment0.91Based on 2 Articles This WeekInsider TradingSelling Shares$2.38 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.83) to ($1.14) Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector243rd out of 616 stocksPrepackaged Software Industry78th out of 213 stocks 2.2 Analyst's Opinion Consensus RatingNew Relic has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 4 buy ratings, 8 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $77.54, New Relic has a forecasted upside of 7.0% from its current price of $72.44.Amount of Analyst CoverageNew Relic has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.29% of the float of New Relic has been sold short.Short Interest Ratio / Days to CoverNew Relic has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in New Relic has recently decreased by 27.50%, indicating that investor sentiment is improving significantly. 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 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreNew Relic has received a 36.11% net impact score from Upright. New Relic seems to create the most significant positive value in categories "Taxes", "Creating knowledge", and "Jobs". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Data analytics services", "Cloud management tools", and "Hosted data storage services" products. See details.Environmental SustainabilityThe Environmental Impact score for New Relic is -0.63. Previous Next 2.7 News and Social Media Coverage News SentimentNew Relic has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for New Relic this week, compared to 3 articles on an average week.MarketBeat Follows5 people have added New Relic to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days. 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 $2,382,588.00 in company stock.Percentage Held by Insiders21.00% 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 Institutions83.56% 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 ($1.83) to ($1.14) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Relic is -27.03, 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 -27.03, 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 14.84. 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) StockNew 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.Read More 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 News HeadlinesMarch 29, 2023 | finance.yahoo.com3 Segments of Software Set to SoarMarch 21, 2023 | finance.yahoo.comIntelligent Growth Solutions Standardizes on New RelicMarch 30, 2023 | Investor Place Media (Ad)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...March 17, 2023 | seekingalpha.comNEWR New Relic, Inc.March 15, 2023 | finance.yahoo.comNew Relic Launches JFrog IntegrationMarch 15, 2023 | finance.yahoo.comNew Relic Launches Industry’s First OpenAI GPT Observability IntegrationMarch 15, 2023 | finance.yahoo.comDow Jones Dives 500 Points On Renewed Banking Fears As Credit Suisse Crashes 28%March 14, 2023 | finance.yahoo.comNew Relic Named #1 Most Innovative Platform in Cloud Observability by GigaOmMarch 30, 2023 | Investor Place Media (Ad)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...March 14, 2023 | finance.yahoo.comDow Jones Rallies 300 Points After Key Inflation Report; First Republic Rebounds 62% As Bank Fears EaseMarch 9, 2023 | finance.yahoo.comNew Relic CodeStream Code-Level Metrics Available for All LanguagesMarch 9, 2023 | finance.yahoo.comDow Jones Rises 175 Points On Surprise Jump In Jobless Claims; Bitcoin Drops As Crypto Bank Silvergate Crashes 40%March 7, 2023 | finance.yahoo.comNew Relic, IBD Stock Of The Day, Helps Companies Turn Data Into ProfitsMarch 2, 2023 | finance.yahoo.comNew Relic Announces Goal for Net-Zero Greenhouse Gas Emissions by 2030February 27, 2023 | finance.yahoo.com3 Key Elements of Winning Stocks - This Trio Has ThemFebruary 22, 2023 | finance.yahoo.comNew Relic to Participate in Upcoming Investor ConferencesFebruary 21, 2023 | finance.yahoo.comBenevity Standardizes on New RelicFebruary 18, 2023 | finance.yahoo.comNew Relic (NYSE:NEWR) shareholders have earned a 8.3% CAGR over the last three yearsFebruary 14, 2023 | finance.yahoo.comHere's Why New Relic (NEWR) is a Great Momentum Stock to BuyFebruary 9, 2023 | cnbc.comWatch Jim Cramer's full interview with New Relic CEO Bill StaplesFebruary 9, 2023 | msn.comNew Relic CEO on the company's relationships with customersFebruary 9, 2023 | finance.yahoo.comEarnings Gappers: 3 Stocks Set to Build off Strong EPSFebruary 9, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: NCR (NCR), NextGen Healthcare (NXGN) and New Relic (NEWR)February 8, 2023 | finance.yahoo.comHere's Why New Relic Stock Jumped Higher TodayFebruary 8, 2023 | benzinga.comThinking about trading options or stock in New Relic, Enphase Energy, Microsoft, Alibaba, or Chipotle Mexican Grill?February 8, 2023 | msn.comNEWR Soars after Better-than-Expected Q3 ResultsFebruary 8, 2023 | finance.yahoo.comThese 2 Stocks Are Rising From the AshesSee More Headlines 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 Company Calendar Last Earnings2/07/2023Today3/30/2023Fiscal Year End3/31/2023Next Earnings (Estimated)5/11/2023Get Stock AlertsIndustry, 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/APrice 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 RatingHold Rating Score (0-4)2.46 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)($2.68) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-250,400,000.00 Net Margins-20.08% Pretax Margin-20.50% Return on Equity-48.42% Return on Assets-11.62% Debt Debt-to-Equity RatioN/A Current Ratio1.15 Quick Ratio1.15 Sales & Book Value Annual Sales$785.52 million Price / Sales6.28 Cash FlowN/A Price / Cash FlowN/A Book Value$4.88 per share Price / Book14.68Miscellaneous Outstanding Shares68,880,000Free Float54,418,000Market Cap$4.94 billion OptionableOptionable Beta0.90 Key ExecutivesWilliam StaplesChief Executive Officer & DirectorKristy FriedrichsChief Operating OfficerDavid BarterChief Financial & Accounting OfficerMark DoddsChief Revenue OfficerManav KhuranaChief Growth OfficerKey CompetitorsGitLabNASDAQ:GTLBTenableNASDAQ:TENBQualysNASDAQ:QLYSWorkivaNYSE:WKPaycor HCMNASDAQ:PYCRView All CompetitorsInsiders & InstitutionsETF Managers Group LLCBought 737 shares on 3/23/2023Ownership: 0.007%Rockefeller Capital Management L.P.Sold 9,262 shares on 3/6/2023Ownership: 0.021%Voya Investment Management LLCSold 5,495 shares on 2/28/2023Ownership: 0.032%Parallax Volatility Advisers L.P.Sold 1,600 shares on 2/27/2023Ownership: 0.000%Alliancebernstein L.P.Bought 268 shares on 2/16/2023Ownership: 0.036%View All Insider TransactionsView All Institutional Transactions 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 ETFs hold New Relic's stock? ETFs with the largest weight of New Relic (NYSE:NEWR) stock in their portfolio include Innovator IBD Breakout Opportunities ETF (BOUT), ProShares Big Data Refiners ETF (DAT), Invesco Dynamic Networking ETF (PXQ), iShares Future Cloud 5G and Tech ETF (IDAT), Fidelity Cloud Computing ETF (FCLD), ROBO Global Artificial Intelligence ETF (THNQ), WisdomTree Cloud Computing Fund (WCLD) and Wedbush ETFMG Global Cloud Technology ETF (IVES). 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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