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

CS Disco, Inc. (NYSE:LAW) has been given a consensus rating of “Hold” by the seven brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $9.81.

Several research analysts recently issued reports on LAW shares. Piper Sandler increased their target price 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. JPMorgan Chase & Co. started coverage on shares of CS Disco in a research note on Monday, March 25th. They issued a “neutral” rating and a $9.00 price objective on the stock. Finally, Needham & Company LLC dropped their price objective on shares of CS Disco from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, May 10th.

Institutional Trading of CS Disco

Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in shares of CS Disco in the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC raised its holdings in shares of CS Disco by 42.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,020 shares of the company’s stock valued at $46,000 after purchasing an additional 1,802 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of CS Disco in the first quarter valued at about $52,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of CS Disco in the first quarter valued at about $83,000. Finally, SG Americas Securities LLC increased its holdings in CS Disco by 26.5% during the fourth quarter. SG Americas Securities LLC now owns 12,788 shares of the company’s stock worth $97,000 after buying an additional 2,681 shares during the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

CS Disco Stock Performance

NYSE:LAW opened at $5.94 on Thursday. The firm’s fifty day moving average is $7.16 and its 200-day moving average is $7.37. CS Disco has a 52 week low of $5.07 and a 52 week high of $10.77. The firm has a market cap of $355.98 million, a P/E ratio of -10.99 and a beta of 2.10.

CS Disco (NYSE:LAW) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The firm had revenue of $35.60 million during the quarter, compared to the consensus estimate of $35.52 million. CS Disco had a negative net margin of 23.03% and a negative return on equity of 15.04%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.32) earnings per share. As a group, sell-side analysts anticipate that CS Disco will post -0.69 earnings per share for the current year.

CS Disco Company Profile

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.