Needham & Company LLC Issues Positive Forecast for CS Disco (NYSE:LAW) Stock Price

CS Disco (NYSE:LAW) had its price target lifted by Needham & Company LLC from $8.00 to $10.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.75.

CS Disco Stock Down 3.1%

NYSE LAW traded down $0.21 during trading hours on Thursday, hitting $6.61. The company’s stock had a trading volume of 138,520 shares, compared to its average volume of 138,933. CS Disco has a twelve month low of $3.31 and a twelve month high of $7.35. The firm has a market capitalization of $408.11 million, a P/E ratio of -6.54 and a beta of 2.11. The stock has a fifty day moving average of $6.20 and a 200 day moving average of $4.89.

CS Disco (NYSE:LAW) last issued its earnings results on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.05. The company had revenue of $40.92 million during the quarter, compared to analysts’ expectations of $38.52 million. CS Disco had a negative net margin of 40.00% and a negative return on equity of 25.51%. CS Disco has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict that CS Disco will post -0.64 earnings per share for the current year.

Insider Transactions at CS Disco

In related news, EVP Michael Lafair sold 14,844 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $4.82, for a total value of $71,548.08. Following the completion of the transaction, the executive vice president directly owned 822,723 shares in the company, valued at approximately $3,965,524.86. The trade was a 1.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas F. Bogan bought 30,000 shares of the company’s stock in a transaction on Friday, September 12th. The shares were bought at an average price of $5.80 per share, for a total transaction of $174,000.00. Following the completion of the acquisition, the director directly owned 101,090 shares in the company, valued at approximately $586,322. This trade represents a 42.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 93,500 shares of company stock valued at $552,604 and sold 37,971 shares valued at $183,020. Insiders own 16.10% of the company’s stock.

Institutional Trading of CS Disco

A number of institutional investors have recently made changes to their positions in the business. Nuveen LLC acquired a new stake in CS Disco in the 1st quarter valued at $200,000. Whetstone Capital Advisors LLC bought a new position in shares of CS Disco in the 1st quarter valued at about $761,000. Strs Ohio acquired a new stake in shares of CS Disco in the first quarter valued at about $216,000. R Squared Ltd raised its holdings in CS Disco by 136.9% during the second quarter. R Squared Ltd now owns 47,456 shares of the company’s stock worth $207,000 after acquiring an additional 27,423 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in CS Disco by 11.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,376 shares of the company’s stock valued at $680,000 after purchasing an additional 16,845 shares in the last quarter. Institutional investors own 58.05% of the company’s stock.

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.