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Jefferies (NYSE:JEF) analyst Brent Thill maintained a Hold rating on Sumo Logic on Tuesday, setting a price target of $19, which is approximately 7.99% below the present share price of $20.65.
Thill expects Sumo Logic to post earnings per share (EPS) of -$0.20 for the second quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Sumo Logic, with an average price target of $26.29.
The analysts price targets range from a high of $35 to a low of $19.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $54.15 million and a net profit of -$19.62 million. The company's market cap is $2.21 billion.
According to TipRanks.com, Jefferies analyst Brent Thill is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.2% and a 71.69% success rate.
Sumo Logic Inc is a software company. The company develops software, which enables organizations of all sizes to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The software platform enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data. The solutions provided are Operations Intelligence, Security Intelligence, and Business Intelligence.