CS Disco, Inc. (NYSE:LAW) Receives $9.81 Average PT from Brokerages

CS Disco, Inc. (NYSE:LAW) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $9.31.

LAW has been the topic of several recent research reports. Needham & Company LLC lowered their price target on shares of CS Disco from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. JPMorgan Chase & Co. cut shares of CS Disco from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $5.00 in a research report on Tuesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LAW. California State Teachers Retirement System raised its holdings in CS Disco by 6.9% in the first quarter. California State Teachers Retirement System now owns 26,808 shares of the company’s stock valued at $218,000 after acquiring an additional 1,730 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 1,802 shares in the last quarter. SG Americas Securities LLC raised 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 purchasing an additional 2,681 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CS Disco by 29.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,778 shares of the company’s stock worth $120,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in CS Disco during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

CS Disco Stock Down 1.6 %

CS Disco stock opened at $5.39 on Monday. CS Disco has a 52-week low of $4.92 and a 52-week high of $10.77. The firm has a market capitalization of $322.99 million, a price-to-earnings ratio of -9.97 and a beta of 2.09. The company has a fifty day simple moving average of $6.34 and a 200-day simple moving average of $7.24.

CS Disco (NYSE:LAW) last released its earnings results on Thursday, May 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). CS Disco had a negative return on equity of 15.04% and a negative net margin of 23.03%. The business had revenue of $35.60 million for the quarter, compared to analysts’ expectations of $35.52 million. During the same period in the previous year, the company earned ($0.32) EPS. CS Disco’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that CS Disco will post -0.69 EPS for the current fiscal year.

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.