CS Disco (NYSE:LAW) Posts Quarterly Earnings Results

CS Disco (NYSE:LAW) issued its quarterly earnings data on Thursday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05), Zacks reports. CS Disco had a negative return on equity of 19.20% and a negative net margin of 25.36%. CS Disco updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

CS Disco Price Performance

Shares of LAW stock traded down $0.16 during midday trading on Thursday, hitting $5.01. The company had a trading volume of 161,622 shares, compared to its average volume of 128,104. The stock has a market cap of $299.85 million, a price-to-earnings ratio of -8.34 and a beta of 2.06. The company’s 50 day simple moving average is $5.16 and its 200 day simple moving average is $5.54. CS Disco has a 52-week low of $4.67 and a 52-week high of $8.57.

Insider Transactions at CS Disco

In other CS Disco news, CFO Michael Lafair sold 13,146 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $5.19, for a total value of $68,227.74. Following the transaction, the chief financial officer now directly owns 865,793 shares of the company’s stock, valued at approximately $4,493,465.67. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 15.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LAW shares. Jefferies Financial Group dropped their price target on CS Disco from $6.00 to $5.50 and set a “hold” rating on the stock in a research note on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 target price on shares of CS Disco in a report on Monday, December 9th.

CS Disco Company Profile

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.