CS Disco (NYSE:LAW) Issues Earnings Results

CS Disco (NYSE:LAW) issued its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05), Zacks reports. CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. CS Disco updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

CS Disco Trading Down 3.0 %

Shares of NYSE LAW traded down $0.16 during mid-day trading on Thursday, reaching $5.01. The company had a trading volume of 162,027 shares, compared to its average volume of 128,116. CS Disco has a 1-year low of $4.67 and a 1-year high of $8.57. The stock has a market cap of $299.85 million, a PE ratio of -8.34 and a beta of 2.06. The company has a 50-day moving average price of $5.16 and a two-hundred day moving average price of $5.54.

Analyst Ratings Changes

LAW has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their target price on CS Disco from $6.00 to $5.50 and set a “hold” rating on the stock in a report on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of CS Disco in a research note on Monday, December 9th.

Insider Activity at CS Disco

In other CS Disco news, CFO Michael Lafair sold 13,146 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $5.19, for a total transaction of $68,227.74. Following the sale, the chief financial officer now owns 865,793 shares in the company, valued at approximately $4,493,465.67. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.60% of the stock is currently owned by corporate insiders.

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.