Should I buy or sell New Relic stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 10 hold ratings 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 target for 2024?

10 equities research analysts have issued 12 month price objectives for New Relic's shares. Their NEWR share price targets range from $75.00 to $87.00. On average, they predict the company's share price to reach $85.67 in the next year. This suggests that the stock has a possible downside of 1.5%. View analysts price targets for NEWR or view top-rated stocks among Wall Street analysts .

How were New Relic's earnings last quarter?

New Relic, Inc. (NYSE:NEWR) issued its quarterly earnings data on Friday, October, 27th. The software maker reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.12. The software maker earned $242.80 million during the quarter, compared to analysts' expectations of $250.58 million. New Relic had a negative trailing twelve-month return on equity of 12.82% and a negative net margin of 14.92%. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS.

What ETFs hold New Relic's stock?

ETFs with the largest weight of New Relic (NYSE:NEWR) stock in their portfolio include ProShares Big Data Refiners ETF (DAT) , iShares Future Cloud 5G and Tech ETF (IDAT) , Goldman Sachs Hedge Industry VIP ETF (GVIP) and Fidelity Cloud Computing ETF (FCLD) . Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR) .

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?

New Relic (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 served as the underwriters for the IPO and Allen & Company, UBS Securities, JMP Securities and Raymond James were co-managers.

NYSE:NEWR

New Relic (NEWR) Stock Price, News & Analysis

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Today's Range: $86.97
▼
$87.01
50-Day Range: $85.43
▼
$86.99
52-Week Range: $50.30
▼
$87.01

Volume: 4.22 million shs
Average Volume: 1.04 million shs
Market Capitalization: $6.18 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $85.67

Stock Analysis Analyst Forecasts Earnings Headlines Insider Trades Ownership Social Media Sustainability

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New Relic MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 1.5% Downside
$85.67 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: -0.63
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.71) to ($0.40) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.31 out of 5 stars

Computer And Technology Sector

563rd out of 586 stocks

Prepackaged Software Industry

189th out of 194 stocks

1.0

Analyst's Opinion

Consensus Rating
New Relic has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 10 hold ratings, and no sell ratings.
Amount of Analyst Coverage
New Relic has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for NEWR.

0.0

Dividend Strength

Dividend Yield
New Relic does not currently pay a dividend.
Dividend Growth
New Relic does not have a long track record of dividend growth.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
New 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 Sustainability
The Environmental Impact score for New Relic is -0.63.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for New Relic this week, compared to 5 articles on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New Relic insiders have not sold or bought any company stock.
Percentage Held by Insiders
23.00% 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 Institutions
85.93% of the stock of New Relic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for New Relic are expected to grow in the coming year, from ($0.71) to ($0.40) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New Relic is -41.62, 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. Sector
The P/E ratio of New Relic is -41.62, 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 Ratio
New Relic has a P/B Ratio of 15.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About New Relic Stock (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.

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NEWR Stock News Headlines

April 18, 2024 | businesswire.com

Global Processing Standardizes on New Relic

April 8, 2024 | businesswire.com

New Relic Announces Christopher Jones as Chief Revenue Officer

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Relic Entertainment joins layoff list after splitting from Sega

April 4, 2024 | bizjournals.com

New round of layoffs reported at New Relic

March 29, 2024 | yahoo.com

240 jobs gone and Relic sold off as Sega reckons with the hangover of 'the favorable winds of the early Covid-19 period'

March 29, 2024 | msn.com

Sega cuts 240 jobs at UK studios and sells Relic Entertainment

March 29, 2024 | msn.com

Relic Entertainment Becomes Independent After Sale by Sega Europe

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 29, 2024 | msn.com

Sega to Sell Relic Entertainment, Will Cut 240 Employees Across UK, Europe

March 28, 2024 | msn.com

Honkai Star Rail 2.3 leaks: New upcoming Light Cones, Relics, and other rumors

March 28, 2024 | msn.com

Sega Europe laying off 240 workers, selling off Company of Heroes developer Relic

March 27, 2024 | businesswire.com

New Relic Named a Cloud Observability Leader by GigaOm

March 26, 2024 | finance.yahoo.com

Jana Partners Cuts Ties with New Relic Inc, Impacting Portfolio by -19.64%

March 24, 2024 | yahoo.com

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March 23, 2024 | msn.com

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March 23, 2024 | msn.com

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March 22, 2024 | msn.com

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New Relic Corporate Communications: New Relic Deepens Commitment to Open Source with One-Step Observability for OpenTelemetry

March 20, 2024 | businesswire.com

New Relic Deepens Commitment to Open Source with One-Step Observability for OpenTelemetry

March 18, 2024 | ca.news.yahoo.com

‘Rust’ Armorer Seeks New Trial and Release From Jail

March 18, 2024 | businessinsider.com

The royals' old creed of 'never complain, never explain' is a relic of a bygone era

March 16, 2024 | msn.com

The 1988’s K-3 Leninsky Komsomol: Relic of the USSR’s November-Class Submarines Finds New Berth

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Company Calendar

Last Earnings: 10/27/2023
Today: 4/18/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NYSE:NEWR
CUSIP: N/A
CIK: 1448056
Web: www.newrelic.com
Phone: (650) 777-7600
Fax: 604-601-8279
Employees: 2,663
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $85.67
High Stock Price Target: $87.00
Low Stock Price Target: $75.00
Potential Upside/Downside: -1.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.09)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-180,250,000.00
Net Margins: -14.92%
Pretax Margin: -12.73%
Return on Equity: -12.82%
Return on Assets: -4.02%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.58
Quick Ratio: 1.58

Sales & Book Value

Annual Sales: $925.63 million
Price / Sales: 6.67
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $5.46 per share
Price / Book: 15.93

Miscellaneous

Outstanding Shares: 71,020,000
Free Float: 54,688,000
Market Cap: $6.18 billion
Optionable: Optionable
Beta: 0.84

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Key Executives

Mr. Lewis Cirne (Age 53)
Founder & Non-Executive Chairman of the Board
Mr. William Staples (Age 50)
CEO & Director
Comp: $953.77k
Mr. David Barter (Age 51)
Chief Financial Officer
Comp: $412.55k
Ms. Kristy Friedrichs (Age 42)
Chief Operating Officer
Comp: $628.2k
Mr. Thomas Lloyd (Age 39)
Chief Legal Officer & Corporate Secretary
Comp: $549.92k
Mr. Mark Dodds (Age 58)
Chief Revenue Officer
Comp: $503.53k
Mr. Siva Padisetty
Chief Technology Officer
Ms. Tracy Williams
Chief People & Diversity Officer
Mr. Manav Khurana
Chief Product Officer
Mr. Peter Pezaris (Age 53)
Chief Design & Strategy Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NEWR Stock Analysis - Frequently Asked Questions

Should I buy or sell New Relic stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 10 hold ratings 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 target for 2024?: 10 equities research analysts have issued 12 month price objectives for New Relic's shares. Their NEWR share price targets range from $75.00 to $87.00. On average, they predict the company's share price to reach $85.67 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts price targets for NEWR or view top-rated stocks among Wall Street analysts.
How were New Relic's earnings last quarter?: New Relic, Inc. (NYSE:NEWR) issued its quarterly earnings data on Friday, October, 27th. The software maker reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.12. The software maker earned $242.80 million during the quarter, compared to analysts' expectations of $250.58 million. New Relic had a negative trailing twelve-month return on equity of 12.82% and a negative net margin of 14.92%. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS.
What ETFs hold New Relic's stock?: ETFs with the largest weight of New Relic (NYSE:NEWR) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), iShares Future Cloud 5G and Tech ETF (IDAT), Goldman Sachs Hedge Industry VIP ETF (GVIP) and Fidelity Cloud Computing ETF (FCLD).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

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?: New Relic (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 served as the underwriters for the IPO and Allen & Company, UBS Securities, JMP Securities and Raymond James were co-managers.

This page (NYSE:NEWR) was last updated on 4/18/2024 by MarketBeat.com Staff

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New Relic (NEWR) Stock Price, News & Analysis

New Relic MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

Company Ownership

Earnings and Valuation

About New Relic Stock (NYSE:NEWR)

NEWR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NEWR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™