CS Disco, Inc. (NYSE:LAW) Given Consensus Rating of “Hold” by Analysts

CS Disco, Inc. (NYSE:LAW) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $10.31.

Several equities research analysts recently issued reports on LAW shares. JPMorgan Chase & Co. started coverage on shares of CS Disco in a research note on Monday, March 25th. They set a “neutral” rating and a $9.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of CS Disco in a research note on Wednesday, April 10th. Finally, Piper Sandler lifted their price target on shares of CS Disco from $6.50 to $7.50 and gave the stock a “neutral” rating in a research note on Friday, February 23rd.

CS Disco Stock Down 0.1 %

Shares of LAW opened at $7.72 on Wednesday. The firm has a market cap of $471.38 million, a PE ratio of -10.87 and a beta of 2.26. The company’s fifty day moving average is $7.58 and its two-hundred day moving average is $7.09. CS Disco has a fifty-two week low of $5.07 and a fifty-two week high of $10.77.

CS Disco (NYSE:LAW) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.11. CS Disco had a negative net margin of 30.52% and a negative return on equity of 19.09%. The company had revenue of $35.74 million for the quarter, compared to analyst estimates of $34.94 million. As a group, equities research analysts anticipate that CS Disco will post -0.78 earnings per share for the current year.

Insider Transactions at CS Disco

In other news, CFO Michael Lafair sold 8,614 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $6.82, for a total value of $58,747.48. Following the completion of the sale, the chief financial officer now owns 826,345 shares of the company’s stock, valued at approximately $5,635,672.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in shares of CS Disco in the 1st quarter valued at about $33,000. Point72 Hong Kong Ltd acquired a new position in shares of CS Disco in the 1st quarter valued at about $39,000. Ameritas Investment Partners Inc. boosted its stake in CS Disco by 104.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 1,212 shares of the company’s stock valued at $41,000 after purchasing an additional 619 shares during the period. Ensign Peak Advisors Inc acquired a new position in CS Disco during the 3rd quarter valued at about $32,000. Finally, Nisa Investment Advisors LLC acquired a new position in CS Disco during the 4th quarter valued at about $27,000. 58.05% of the stock is owned by institutional investors and hedge funds.

About CS Disco

CS Disco, Inc provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. It offers DISCO Request, a solution that automates response compliance for legal requests; and DISCO Ediscovery, a solution that automates the ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters.