New Relic, Inc. (NEWR) Reaches $68.34 52-Week High; Clearbridge Energy MLP Fund (CEM) Has 0.97 Sentiment

February 17, 2018 - By Hazel Jackson

The stock decreased 3.70% or $0.6 during the last trading session, reaching $15.63. About 132,609 shares traded. ClearBridge Energy MLP Fund Inc. (CEM) has risen 5.19% since February 17, 2017 and is uptrending. It has underperformed by 11.51% the S&P500.

The stock of New Relic, Inc. (NYSE:NEWR) hit a new 52-week high and has $71.76 target or 5.00% above today’s $68.34 share price. The 7 months bullish chart indicates low risk for the $3.79 billion company. The 1-year high was reported on Feb, 17 by Barchart.com. If the $71.76 price target is reached, the company will be worth $189.45M more. The stock decreased 1.53% or $1.06 during the last trading session, reaching $68.34. About 735,845 shares traded or 40.12% up from the average. New Relic, Inc. (NYSE:NEWR) has risen 65.48% since February 17, 2017 and is uptrending. It has outperformed by 48.78% the S&P500.

Among 15 analysts covering New Relic Inc (NYSE:NEWR), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. New Relic Inc has $71.0 highest and $30 lowest target. $55.06’s average target is -19.43% below currents $68.34 stock price. New Relic Inc had 41 analyst reports since August 7, 2015 according to SRatingsIntel. Guggenheim initiated the shares of NEWR in report on Friday, November 18 with “Buy” rating. Robert W. Baird initiated New Relic, Inc. (NYSE:NEWR) on Friday, May 13 with “Neutral” rating. The firm has “Buy” rating given on Tuesday, December 15 by Guggenheim. Morgan Stanley upgraded it to “Overweight” rating and $45 target in Thursday, September 10 report. The company was initiated on Friday, June 24 by Cowen & Co. The stock has “Neutral” rating by UBS on Thursday, November 9. The company was maintained on Wednesday, February 7 by Guggenheim. The firm earned “Buy” rating on Wednesday, November 29 by Cowen & Co. First Analysis initiated New Relic, Inc. (NYSE:NEWR) on Wednesday, September 9 with “Overweight” rating. The stock has “Outperform” rating by Oppenheimer on Thursday, September 10.

New Relic, Inc., a software-as-a-service company, provides digital intelligence products worldwide. The company has market cap of $3.79 billion. The companyÂ’s cloud platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data. It currently has negative earnings. It provides New Relic Application Performance Management that offers visibility into the performance and usage of server applications, such as data pertaining to response time, transaction throughput, error rates, transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser, a product that monitors the page view experiences of actual end-users for desktop and mobile browser applications.

Northrock Partners Llc holds 7.53% of its portfolio in ClearBridge Energy MLP Fund Inc. for 1.33 million shares. Terril Brothers Inc. owns 703,653 shares or 3.34% of their US portfolio. Moreover, Signature Estate & Investment Advisors Llc has 1.76% invested in the company for 1.06 million shares. The Missouri-based Bush Odonnell Investment Advisors Inc has invested 0.65% in the stock. Sit Investment Associates Inc, a Minnesota-based fund reported 1.24 million shares.

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