Shares of CS Disco, Inc. (NYSE:LAW – Get Free Report) have earned an average rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat.com reports. One equity research analyst has rated the stock with a sell rating, six have been given a hold rating and four have issued a buy rating for the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $10.91.
Separately, Stifel Nicolaus lowered their price objective on CS Disco from $10.00 to $8.00 in a research report on Thursday, May 11th.
Hedge Funds Weigh In On CS Disco
Institutional investors and hedge funds have recently made changes to their positions in the company. Ensign Peak Advisors Inc acquired a new position in CS Disco in the 3rd quarter worth $32,000. Venturi Wealth Management LLC acquired a new position in CS Disco in the 1st quarter worth $33,000. Quantbot Technologies LP acquired a new position in CS Disco in the 1st quarter worth $33,000. Barclays PLC boosted its stake in CS Disco by 67.6% in the 4th quarter. Barclays PLC now owns 6,054 shares of the company’s stock worth $38,000 after purchasing an additional 2,442 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in CS Disco in the 1st quarter worth $39,000. Institutional investors and hedge funds own 52.94% of the company’s stock.
CS Disco Stock Down 4.3 %
Shares of LAW stock opened at $9.01 on Monday. The stock has a 50-day moving average price of $7.71 and a 200-day moving average price of $7.10. The firm has a market cap of $537.45 million, a price-to-earnings ratio of -6.67 and a beta of 2.17. CS Disco has a 12 month low of $5.27 and a 12 month high of $29.99.
CS Disco (NYSE:LAW – Get Free Report) last announced its quarterly earnings data on Wednesday, May 10th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The firm had revenue of $33.13 million during the quarter, compared to analyst estimates of $32.05 million. CS Disco had a negative return on equity of 33.21% and a negative net margin of 59.23%. Sell-side analysts predict that CS Disco will post -1.11 earnings per share for the current fiscal year.
CS Disco Company Profile
(Get Free Report
CS Disco, Inc 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 the discovery 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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