$-0.15 EPS Expected for New Relic, Inc

Cornelia Mascio
Aprile 21, 2018

69% are bullish. 19 are the (NYSE:NEWR)'s analyst reports since October 23, 2017 according to StockzIntelligence Inc.

NEWR has been the subject of a number of other research reports.

New Relic, Inc., a software-as-a-service company, provides digital intelligence products worldwide.The firm is worth $4.16 billion. Baird reissued a "hold" rating on shares of New Relic in a report on Wednesday, January 25th. They noted that the move was a valuation call.

On Friday, March 2nd, Lewis Cirne sold 89,000 shares of New Relic stock. Finally, Oppenheimer increased their price objective on shares of New Relic from $57.00 to $66.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. They issued a "market perform" rating and a $68.00 price objective on the stock. On Wednesday, February 7 Cowen & Co maintained New Relic, Inc. Nine research analysts have rated the stock with a buy rating. On Monday, October 23 the firm has "Buy" rating given by Needham. (NYSE:NEWR) has "Buy" rating given by Stephens. New Relic has a 1-year low of $25.04 and a 1-year high of $44.49. The software maker reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.15) by $0.04. New Relic had a negative return on equity of 32.99% and a negative net margin of 26.90%. The firm had revenue of $91.83 million during the quarter, compared to analysts' expectations of $89.31 million. During the same period in the prior year, the business posted ($0.09) earnings per share. Analysts forecast 42.31 % diference or $-0.15 from the $-0.26 EPS from 2017.

In other New Relic news, VP Robin Schulman sold 2,318 shares of the business's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $62.81, for a total value of $145,593.58. BlackRock Inc. now owns 2,215,858 shares of the software maker's stock worth $128,010,000 after buying an additional 94,283 shares during the period. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. On Tuesday, December 12 J.P. Morgan downgraded the shares of NEWR in report to "Hold" rating. The stock was sold at an average price of $40.81, for a total value of $1,346,730.00. Following the completion of the sale, the insider now owns 329,275 shares of the company's stock, valued at $24,991,972.50.

On Tuesday, April 10th, Mark Sachleben sold 10,000 shares of New Relic stock.

Institutional investors have recently made changes to their positions in the company. American International Group Inc. boosted its position in New Relic by 4.8% in the 4th quarter. Woodstock Corp acquired a new position in shares of New Relic during the fourth quarter worth $212,000. The fund acquired 13,849 shares of the software maker's stock, valued at approximately $800,000. Amalgamated Bank purchased a new position in shares of New Relic during the fourth quarter valued at $240,000. Teachers Advisors LLC now owns 76,201 shares of the software maker's stock valued at $4,402,000 after acquiring an additional 1,427 shares during the period. On Wednesday, November 29 Cowen & Co maintained New Relic, Inc. UBS Asset Management Americas Inc. now owns 21,152 shares of the software maker's stock valued at $1,222,000 after acquiring an additional 1,516 shares during the period. LP purchased a new position in New Relic during the third quarter worth about $23,221,000. Institutional investors and hedge funds own 75.78% of the company's stock. If you are reading this story on another publication, it was illegally copied and republished in violation of US and global copyright and trademark laws. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2018/04/21/new-relic-newr-stock-rating-upgraded-by-valuengine.html. The company??s cloud platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data.now it has negative earnings.

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