Shares of CS Disco, Inc. (NYSE:LAW – Get Rating) have earned an average recommendation of “Buy” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $46.69.
Several research firms have commented on LAW. Cowen cut their target price on CS Disco from $45.00 to $35.00 in a research note on Friday, May 13th. Needham & Company LLC cut their target price on CS Disco from $50.00 to $35.00 in a research note on Friday, May 13th. Citigroup cut their target price on CS Disco to $33.00 and set a “na” rating on the stock in a research note on Monday, May 16th. Cowen dropped their price objective on CS Disco from $45.00 to $35.00 in a research note on Friday, May 13th. Finally, Canaccord Genuity Group dropped their price objective on CS Disco from $45.00 to $35.00 in a research note on Friday, May 13th.
Insider Buying and Selling
In related news, CFO Michael Lafair sold 1,640 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $24.15, for a total transaction of $39,606.00. Following the transaction, the chief financial officer now directly owns 391,403 shares of the company’s stock, valued at approximately $9,452,382.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Institutional Inflows and Outflows
CS Disco Stock Performance
Shares of LAW opened at $27.18 on Monday. The stock has a 50 day simple moving average of $22.02 and a 200 day simple moving average of $28.12. CS Disco has a 52-week low of $16.96 and a 52-week high of $69.41. The firm has a market capitalization of $1.59 billion and a PE ratio of -34.87.
CS Disco (NYSE:LAW – Get Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.05. The firm had revenue of $34.50 million for the quarter, compared to analysts’ expectations of $30.68 million. CS Disco had a negative return on equity of 18.88% and a negative net margin of 26.05%. The business’s quarterly revenue was up 63.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.22) EPS. Equities research analysts predict that CS Disco will post -1.08 EPS for the current fiscal year.
About CS Disco
CS Disco, Inc, a legal technology company, provides cloud-native and artificial intelligence-powered legal solutions for ediscovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. The company offers DISCO Ediscovery, a solution that automates 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.
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