According to Bloomberg, the thirteen brokerages currently covering CS Disco, Inc. (NYSE: LAW) have given the stock a rating of “Hold” as the consensus recommendation for the company’s shares. This rating represents the recommendation that investors do not sell their shares. Five seasoned experts in the financial markets have recommended buying the stock, while six others have simply recommended keeping it in one’s portfolio. The vast majority of brokerage firms that rated the stock in the preceding year have a price target of twenty dollars per share for the stock in the coming year. This price target is expected to be reached within the next twelve months.
The company has been the subject of analysis from the perspectives of several experts in the field of equity research. Jefferies Financial Group lowered its price objective for CS Disco’s stock from $12.00 to $11.00 and assigned a “hold” rating in a research report published on October 31st. The report was issued. While keeping their “buy” rating on the company, the research firm Needham & Business LLC lowered their price target on CS Disco from $35.00 to $15.00 in a report published on Friday, November 11th. The report was about the company. It was decided to publish the study. In a report published on Tuesday, September 27th, Loop Capital lowered its price target for CS Disco from $32.00 to $10.00 and downgraded the company from a “buy” rating to a “hold” rating. These actions were taken in response to the company’s disappointing financial performance. Citigroup decreased its price goal for CS Disco from $27.00 to $18.00. It gave the company a rating of “buy” in a research report that was published on November 1stce objective for CS Disco’s stock from $12.00 to $11.00 and assigned a “hold” rating to the company’s stock in a research report that was published on October 31st.
The report was issued. While keeping their “buy” rating on the company, the research firm Needham & Business LLC lowered their price target on CS Disco from $35.00 to $15.00 in a report published on Friday, November 11th. The report was about the company. It was decided to publish the study. In a report published on Tuesday, September 27th, Loop Capital lowered its price target for CS Disco from $32.00 to $10.00 and downgraded the company from a “buy” rating to a “hold” rating. These actions were taken in response to the company’s disappointing financial performance. Citigroup decreased its price goal for CS Disco from $27.00 to $18.00 and gave the company a rating of “buy” in a research report published on November 1st. The report also gave the company a rating of “buy.” Stifel Nicolaus decreased their price objective on CS Disco from $30.00 to $20.00 in a research note published on Friday, November 11th. The final and most significant adjustment was made here.
Recent events have resulted in several institutional investors and hedge funds increasing or decreasing the total number of stocks in their respective portfolios. Dragoneer Investment Group LLC acquired an additional 66.5% of CS Disco during the first three months of the year, bringing the total percentage of the company it owned to 100%. Dragoneer Investment Group LLC now has a total of 5,704,854 shares, valued at a combined total of $193,794,000, after purchasing an additional 2,278,319 shares. These shares have a combined total value of $193,794,000. The Bank of New York Mellon Corporation increased the amount of CS Disco stock owned by 81.5% over the third quarter. Bank of New York Mellon Corp. now has a total of 786,839 shares of the company’s stock, which are currently valued at $7,869,000 following the purchase of an additional 353,335 shares during the period in question. BlackRock Inc. increased the amount of CS Disco stock owned by 17.2% during the first three months of 2018. BlackRock Inc. now has 2,266,047 shares of the company’s stock after purchasing an additional 332,076 shares. Each share of the company’s stock is valued at a total of $76,978, giving the company’s stock a total market value of $76,978. Franklin Resources Inc. increased the amount of CS Disco stock owned by a quarter and a half during the second quarter. During the period covered by the report, Franklin Resources Inc. increased its holdings in the company’s stock by a total of 296,722 shares, bringing the total number of shares held by the company to 1,463,441. This brings the total value of the company’s stock to $26,400,000. In the first three months of 2018, Vanguard Group Inc. increased the amount of CS Disco stock owned by 20.9%, which brings us to our last point. After making an additional purchase of 258,911 shares during the most recent period, Vanguard Group Inc. now has a total ownership stake in the company equal to 1,496,001 shares, which are now valued at $50,819,000. This ownership stake was achieved as a result of the most recent transaction. Institutional investors and hedge funds currently hold 58.18 percent of the total number of shares issued by the company.
The first transaction involving LAW stock took place on Thursday for $5.89. During the previous year, the price of CS Disco fluctuated between the ranges of $5.68 and $40.73. According to the simple moving average of the past 200 days, the stock price is currently at $13.99, while the simple moving average of the past fifty days puts it at $8.27. The company’s price-to-earnings ratio is currently sitting at -5.61, and its beta value is currently sitting at 2.04, respectively. The market capitalization of the company is currently sitting at $347.73 million at this time.
The legal technology startup CS Disco, Inc. provides cloud-native and AI-powered legal solutions for e-discovery, legal document review, and case management to businesses, law offices, legal service providers, and governments. These solutions can be used for e-discovery, legal document review, and case management. E-discovery, the review of legal documents, and case management are the three areas addressed by these solutions. The company provides a product known as DISCO Ediscovery, which is a tool that streamlines the process of e-discovery and relieves legal departments of the time-consuming manual tasks that are involved in the gathering, processing, enriching, searching, evaluating, analyzing, and creating of enterprise data for use in legal proceedings.
Discussion about this post