Canaccord Genuity Group Cuts CS Disco (NYSE:LAW) Price Target to $35.00

CS Disco (NYSE:LAWGet Rating) had its target price trimmed by Canaccord Genuity Group from $45.00 to $35.00 in a research note published on Friday morning, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group dropped their target price on CS Disco from $64.00 to $45.00 and set a buy rating for the company in a report on Friday, February 25th. Zacks Investment Research upgraded CS Disco from a sell rating to a hold rating in a report on Friday, April 1st. JPMorgan Chase & Co. dropped their price objective on CS Disco from $67.00 to $55.00 and set an overweight rating for the company in a report on Friday, February 25th. Cowen dropped their price objective on CS Disco from $50.00 to $45.00 and set an outperform rating for the company in a report on Friday, February 25th. Finally, Needham & Company LLC dropped their price objective on CS Disco from $70.00 to $50.00 and set a buy rating for the company in a report on Friday, February 25th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CS Disco has a consensus rating of Buy and a consensus price target of $50.69.

LAW opened at $22.32 on Friday. The stock has a 50-day moving average price of $31.30 and a 200-day moving average price of $35.98. CS Disco has a 12-month low of $19.57 and a 12-month high of $69.41.

CS Disco (NYSE:LAWGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $33.81 million during the quarter, compared to analysts’ expectations of $28.59 million. The company’s quarterly revenue was up 76.2% on a year-over-year basis. As a group, equities research analysts expect that CS Disco will post -1.01 EPS for the current year.

In other CS Disco news, CFO Michael Lafair sold 14,000 shares of CS Disco stock in a transaction on Monday, April 4th. The stock was sold at an average price of $35.81, for a total value of $501,340.00. Following the completion of the sale, the chief financial officer now owns 396,317 shares of the company’s stock, valued at approximately $14,192,111.77. The transaction was disclosed in a filing with the SEC, which can be accessed 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 value of $479,100.00. Following the completion of the sale, the executive now directly owns 126,574 shares of the company’s stock, valued at approximately $4,042,773.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,000 shares of company stock valued at $1,458,680.

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of CS Disco in the 3rd quarter worth $301,000. Victory Capital Management Inc. purchased a new position in shares of CS Disco in the 3rd quarter worth $528,000. New York State Common Retirement Fund purchased a new position in shares of CS Disco in the 3rd quarter worth $331,000. Deutsche Bank AG purchased a new position in shares of CS Disco in the 3rd quarter worth $356,000. Finally, BlackRock Inc. purchased a new position in shares of CS Disco in the 3rd quarter worth $94,266,000. 79.42% of the stock is owned by institutional investors and hedge funds.

CS Disco Company Profile (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.

Read More

The Fly logo

Analyst Recommendations for CS Disco (NYSE:LAW)

Receive News & Ratings for CS Disco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CS Disco and related companies with MarketBeat.com's FREE daily email newsletter.