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

Wall Street Zen upgraded shares of CS Disco (NYSE:LAW) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

LAW has been the subject of a number of other research reports. Needham & Company LLC increased their target price on shares of CS Disco from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of CS Disco in a research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.75.

CS Disco Stock Performance

LAW stock opened at $6.61 on Friday. CS Disco has a 1 year low of $3.31 and a 1 year high of $7.35. The stock has a market capitalization of $413.06 million, a price-to-earnings ratio of -6.54 and a beta of 2.11. The stock’s fifty day moving average is $6.22 and its two-hundred day moving average is $4.93.

CS Disco (NYSE:LAW) last announced its earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. The firm had revenue of $40.92 million during the quarter, compared to analyst estimates 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. As a group, analysts predict that CS Disco will post -0.64 EPS for the current fiscal year.

Insider Transactions at CS Disco

In other CS Disco news, EVP Karen Herckis sold 5,677 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $4.82, for a total transaction of $27,363.14. Following the completion of the sale, the executive vice president owned 146,256 shares in the company, valued at approximately $704,953.92. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Francis Crum sold 10,552 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $4.82, for a total value of $50,860.64. Following the transaction, the executive vice president owned 233,949 shares of the company’s stock, valued at $1,127,634.18. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders acquired 93,500 shares of company stock valued at $552,604 and sold 37,971 shares valued at $183,020. Company insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On CS Disco

A number of large investors have recently bought and sold shares of LAW. CWM LLC raised its holdings in shares of CS Disco by 73.5% in the third quarter. CWM LLC now owns 4,804 shares of the company’s stock valued at $31,000 after purchasing an additional 2,035 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in CS Disco by 87.1% during the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock worth $44,000 after purchasing an additional 4,639 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in CS Disco in the second quarter valued at $51,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in CS Disco in the 3rd quarter valued at $62,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in CS Disco in the 2nd quarter valued at $75,000. Institutional investors and hedge funds 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.