Brokerages Set CS Disco, Inc. (NYSE:LAW) Price Target at $11.00

Shares of CS Disco, Inc. (NYSE:LAWGet Free Report) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $10.31.

A number of brokerages recently weighed in on LAW. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of CS Disco in a research report on Friday, March 15th. JPMorgan Chase & Co. began coverage on shares of CS Disco in a research report on Monday. They set a “neutral” rating and a $9.00 price target for the company. Finally, Piper Sandler upped their price target on shares of CS Disco from $6.50 to $7.50 and gave the stock a “neutral” rating in a research report on Friday, February 23rd.

Check Out Our Latest Stock Report on CS Disco

CS Disco Stock Down 5.3 %

Shares of NYSE LAW opened at $7.47 on Friday. CS Disco has a 52-week low of $5.07 and a 52-week high of $10.77. The firm has a fifty day moving average of $7.66 and a 200-day moving average of $7.00. The stock has a market capitalization of $455.81 million, a PE ratio of -10.51 and a beta of 2.21.

CS Disco (NYSE:LAWGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.11. CS Disco had a negative net margin of 30.52% and a negative return on equity of 19.09%. The firm had revenue of $35.74 million during the quarter, compared to analysts’ expectations of $34.94 million. Equities research analysts expect that CS Disco will post -0.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other CS Disco news, CFO Michael Lafair sold 8,614 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $6.82, for a total value of $58,747.48. Following the transaction, the chief financial officer now owns 826,345 shares in the company, valued at approximately $5,635,672.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 22.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CS Disco

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of CS Disco by 1.9% in the 3rd quarter. BlackRock Inc. now owns 2,620,473 shares of the company’s stock valued at $26,204,000 after purchasing an additional 48,558 shares in the last quarter. Vanguard Group Inc. raised its stake in CS Disco by 10.8% during the third quarter. Vanguard Group Inc. now owns 2,243,548 shares of the company’s stock worth $22,435,000 after acquiring an additional 218,080 shares during the period. Wasatch Advisors Inc. raised its stake in CS Disco by 6.7% during the first quarter. Wasatch Advisors Inc. now owns 2,160,590 shares of the company’s stock worth $73,395,000 after acquiring an additional 134,967 shares during the period. Norges Bank acquired a new stake in CS Disco during the fourth quarter worth about $13,467,000. Finally, Bank of New York Mellon Corp raised its stake in CS Disco by 81.5% during the third quarter. Bank of New York Mellon Corp now owns 786,839 shares of the company’s stock worth $7,869,000 after acquiring an additional 353,335 shares during the period. Institutional investors and hedge funds own 58.05% of the company’s stock.

About CS Disco

(Get Free Report

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.

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Analyst Recommendations for CS Disco (NYSE:LAW)

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