CS Disco (NYSE:LAW) Releases Earnings Results

CS Disco (NYSE:LAW) announced its quarterly earnings data on Wednesday. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06), Briefing.com reports. CS Disco had a negative return on equity of 14.18% and a negative net margin of 19.88%. The company had revenue of $36.27 million for the quarter, compared to analyst estimates of $36.33 million. During the same period last year, the business earned ($0.02) EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. CS Disco updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

CS Disco Price Performance

Shares of LAW stock traded down $0.27 during trading hours on Thursday, reaching $6.10. The company had a trading volume of 163,033 shares, compared to its average volume of 215,206. The company has a market cap of $362.83 million, a price-to-earnings ratio of -13.55 and a beta of 2.07. CS Disco has a 12 month low of $4.71 and a 12 month high of $8.80. The business has a fifty day simple moving average of $5.79 and a 200-day simple moving average of $5.99.

Analyst Ratings Changes

LAW has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price objective on shares of CS Disco in a report on Thursday. Jefferies Financial Group boosted their price target on shares of CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th.

Insider Buying and Selling

In related news, Director Scott A. Hill acquired 23,554 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $5.39 per share, for a total transaction of $126,956.06. Following the purchase, the director now owns 187,615 shares in the company, valued at approximately $1,011,244.85. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.60% of the stock is currently owned by corporate insiders.

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.