CS Disco (NYSE:LAW – Get Rating) was downgraded by Piper Sandler from an “overweight” rating to a “neutral” rating in a report released on Friday, The Fly reports.
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Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group cut their price target on shares of CS Disco from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, October 31st. Bank of America cut shares of CS Disco from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $12.00 to $5.00 in a research report on Wednesday, January 4th. Citigroup cut shares of CS Disco from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $8.00 in a research report on Thursday, January 12th. Canaccord Genuity Group raised shares of CS Disco from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, January 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of CS Disco in a research note on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, CS Disco has a consensus rating of “Hold” and an average price target of $17.08.
CS Disco Price Performance
CS Disco stock traded down $2.78 during trading hours on Friday, reaching $6.59. The stock had a trading volume of 2,612,399 shares, compared to its average volume of 463,257. The stock has a market cap of $389.07 million, a PE ratio of -6.28 and a beta of 2.29. CS Disco has a 52 week low of $5.56 and a 52 week high of $38.50. The company has a fifty day simple moving average of $7.29 and a 200-day simple moving average of $9.88.
Hedge Funds Weigh In On CS Disco
Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of CS Disco in the first quarter worth $33,000. Point72 Hong Kong Ltd purchased a new position in shares of CS Disco in the first quarter worth $39,000. Ameritas Investment Partners Inc. lifted its holdings in shares of CS Disco by 104.4% in the first quarter. Ameritas Investment Partners Inc. now owns 1,212 shares of the company’s stock worth $41,000 after buying an additional 619 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of CS Disco in the third quarter worth $32,000. Finally, Barclays PLC lifted its holdings in shares of CS Disco by 222.8% in the third quarter. Barclays PLC now owns 3,612 shares of the company’s stock worth $36,000 after buying an additional 2,493 shares in the last quarter. Hedge funds and other institutional investors own 58.18% of the company’s stock.
About CS Disco
CS Disco, Inc, a legal technology company, provides cloud-native and artificial intelligence-powered legal solutions for ediscovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. The company offers DISCO Ediscovery, a solution that automates 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.
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