CS Disco (NYSE:LAW) Stock Rating Upgraded by Wall Street Zen

CS Disco (NYSE:LAW) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other research firms also recently issued reports on LAW. Needham & Company LLC raised their price target on CS Disco from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CS Disco presently has a consensus rating of “Hold” and a consensus price target of $7.75.

CS Disco Stock Down 3.1%

LAW opened at $6.61 on Friday. The company has a market capitalization of $413.06 million, a price-to-earnings ratio of -6.54 and a beta of 2.11. The firm has a 50-day moving average price of $6.22 and a 200-day moving average price of $4.92. CS Disco has a twelve month low of $3.31 and a twelve month high of $7.35.

CS Disco (NYSE:LAW) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. The company had revenue of $40.92 million for the quarter, compared to analysts’ expectations of $38.52 million. CS Disco had a negative net margin of 40.00% and a negative return on equity of 26.05%. CS Disco has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts expect that CS Disco will post -0.64 earnings per share for the current fiscal year.

Insider Buying and Selling at CS Disco

In other CS Disco news, Director Thomas F. Bogan bought 30,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were acquired at an average cost of $5.80 per share, for a total transaction of $174,000.00. Following the purchase, the director directly owned 101,090 shares of the company’s stock, valued at $586,322. The trade was a 42.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Francis Crum sold 10,552 shares of CS Disco stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $4.82, for a total value of $50,860.64. Following the sale, the executive vice president owned 233,949 shares of the company’s stock, valued at approximately $1,127,634.18. This trade represents a 4.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 93,500 shares of company stock valued at $552,604 and sold 37,971 shares valued at $183,020. Corporate insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On CS Disco

A number of hedge funds and other institutional investors have recently bought and sold shares of LAW. R Squared Ltd raised its position in shares of CS Disco by 113.2% during the 1st quarter. R Squared Ltd now owns 20,033 shares of the company’s stock valued at $82,000 after buying an additional 10,637 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in CS Disco by 11.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,376 shares of the company’s stock worth $680,000 after acquiring an additional 16,845 shares in the last quarter. Nuveen LLC bought a new position in CS Disco in the first quarter valued at $200,000. Whetstone Capital Advisors LLC purchased a new stake in CS Disco during the first quarter valued at about $761,000. Finally, Cubist Systematic Strategies LLC bought a new stake in CS Disco during the first quarter worth about $216,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

About CS Disco

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.