CS Disco (NYSE:LAW) PT Lowered to $15.00 at Needham & Company LLC

CS Disco (NYSE:LAWGet Rating) had its price objective cut by Needham & Company LLC from $35.00 to $15.00 in a research note published on Friday, The Fly reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Cowen lowered shares of CS Disco from an outperform rating to a market perform rating and dropped their price objective for the stock from $35.00 to $20.00 in a research note on Friday, August 12th. Stifel Nicolaus dropped their price objective on shares of CS Disco from $40.00 to $30.00 and set a buy rating on the stock in a research note on Friday, August 12th. Bank of America downgraded shares of CS Disco from a buy rating to a neutral rating and dropped their target price for the stock from $34.00 to $25.00 in a research note on Friday, August 12th. Jefferies Financial Group dropped their target price on shares of CS Disco from $12.00 to $11.00 and set a hold rating on the stock in a research note on Monday, October 31st. Finally, Canaccord Genuity Group downgraded shares of CS Disco from a buy rating to a hold rating and set a $23.00 target price on the stock. in a research note on Friday, August 12th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, CS Disco has an average rating of Hold and an average target price of $22.92.

CS Disco Price Performance

NYSE:LAW opened at $9.19 on Friday. CS Disco has a one year low of $7.90 and a one year high of $52.46. The company’s 50-day simple moving average is $10.73 and its 200 day simple moving average is $17.95. The firm has a market capitalization of $539.39 million, a P/E ratio of -8.73 and a beta of 2.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in CS Disco during the first quarter valued at approximately $33,000. Point72 Hong Kong Ltd purchased a new stake in CS Disco during the first quarter valued at approximately $39,000. Ameritas Investment Partners Inc. increased its holdings in CS Disco by 104.4% during the first quarter. Ameritas Investment Partners Inc. now owns 1,212 shares of the company’s stock valued at $41,000 after buying an additional 619 shares during the last quarter. Capricorn Investment Group LLC purchased a new stake in CS Disco during the second quarter valued at approximately $52,000. Finally, Amalgamated Bank purchased a new stake in CS Disco during the first quarter valued at approximately $59,000. Institutional investors own 61.27% of the company’s stock.

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.

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