CS Disco (NYSE:LAW) Posts Earnings Results, Misses Expectations By $0.05 EPS

CS Disco (NYSE:LAW) announced its earnings results on Thursday. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05), Zacks reports. CS Disco had a negative net margin of 38.51% and a negative return on equity of 22.30%. The business had revenue of $37.00 million during the quarter, compared to analyst estimates of $36.03 million. CS Disco updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

CS Disco Stock Up 4.8 %

CS Disco stock opened at $5.24 on Friday. The business’s 50-day simple moving average is $5.13 and its 200 day simple moving average is $5.53. The stock has a market cap of $313.93 million, a price-to-earnings ratio of -5.70 and a beta of 2.06. CS Disco has a 12-month low of $4.67 and a 12-month high of $8.57.

Insider Activity at CS Disco

In related news, CFO Michael Lafair sold 13,146 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $5.19, for a total value of $68,227.74. Following the transaction, the chief financial officer now owns 865,793 shares in the company, valued at $4,493,465.67. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LAW shares. Jefferies Financial Group lowered their target price on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research note on Monday, January 6th. Needham & Company LLC restated a “buy” rating and issued a $8.00 target price on shares of CS Disco in a research note on Friday.

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.