CS Disco, Inc. (NYSE:LAW – Get Free Report) Director James Offerdahl bought 7,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of $6.95 per share, with a total value of $48,650.00. Following the completion of the acquisition, the director now owns 155,025 shares of the company’s stock, valued at approximately $1,077,423.75. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
CS Disco Stock Down 9.0 %
Shares of LAW opened at $6.40 on Friday. The company has a market capitalization of $384.58 million, a P/E ratio of -5.12 and a beta of 2.22. The firm has a 50 day moving average of $9.16 and a 200 day moving average of $7.64. CS Disco, Inc. has a twelve month low of $5.27 and a twelve month high of $12.60.
CS Disco (NYSE:LAW – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.08. The company had revenue of $34.28 million during the quarter, compared to the consensus estimate of $32.23 million. CS Disco had a negative net margin of 55.07% and a negative return on equity of 32.29%. On average, sell-side analysts expect that CS Disco, Inc. will post -0.98 EPS for the current year.
Institutional Investors Weigh In On CS Disco
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on LAW. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of CS Disco in a report on Tuesday. Canaccord Genuity Group raised their price objective on shares of CS Disco from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Piper Sandler raised their price objective on shares of CS Disco from $7.50 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 10th. JPMorgan Chase & Co. raised their price objective on shares of CS Disco from $12.50 to $14.50 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, Loop Capital raised their price objective on shares of CS Disco from $6.00 to $9.00 in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.46.
CS Disco Company Profile
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 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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