CS Disco, Inc. (NYSE:LAW – Get Rating) has earned a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $53.00.
A number of analysts have recently issued reports on LAW shares. JPMorgan Chase & Co. cut their price target on shares of CS Disco from $67.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, February 25th. Cowen lowered their price objective on shares of CS Disco from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, February 25th. Citigroup lowered their price objective on shares of CS Disco from $71.00 to $47.00 in a research report on Friday, February 11th. Stifel Nicolaus lowered their price objective on shares of CS Disco from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, March 21st. Finally, Piper Sandler lowered their price objective on shares of CS Disco from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, February 25th.
LAW opened at $30.30 on Friday. CS Disco has a twelve month low of $25.99 and a twelve month high of $69.41. The company has a 50-day moving average price of $32.92 and a 200 day moving average price of $37.55.
CS Disco (NYSE:LAW – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. The company had revenue of $33.81 million for the quarter, compared to analyst estimates of $28.59 million. The business’s revenue was up 76.2% on a year-over-year basis. On average, sell-side analysts expect that CS Disco will post -1.01 earnings per share for the current fiscal year.
In other news, CFO Michael Lafair sold 9,684 shares of CS Disco stock in a transaction on Thursday, February 3rd. The shares were sold at an average price of $32.11, for a total transaction of $310,953.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Andrew Shimek sold 15,000 shares of CS Disco stock in a transaction on Friday, April 8th. The stock was sold at an average price of $31.94, for a total transaction of $479,100.00. Following the sale, the executive now directly owns 126,574 shares of the company’s stock, valued at $4,042,773.56. The disclosure for this sale can be found here. Insiders sold a total of 52,684 shares of company stock valued at $1,769,633 in the last three months.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Deer Management Co. LLC acquired a new position in CS Disco in the fourth quarter valued at $355,905,000. Stephens Group LLC acquired a new position in CS Disco in the fourth quarter valued at $323,194,000. Dragoneer Investment Group LLC increased its stake in CS Disco by 277.1% in the fourth quarter. Dragoneer Investment Group LLC now owns 3,426,535 shares of the company’s stock valued at $122,499,000 after purchasing an additional 2,517,885 shares during the period. Norges Bank acquired a new position in CS Disco in the fourth quarter valued at $82,850,000. Finally, Wasatch Advisors Inc. acquired a new position in CS Disco in the third quarter valued at $99,823,000. Institutional investors own 57.41% of the company’s stock.
About CS Disco (Get Rating)
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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