Voya Investment Management LLC Purchases Shares of 35,585 Tempus AI, Inc. $TEM

Key Points

• Voya Investment Management LLC purchased 35,585 shares of Tempus AI, Inc., valued at approximately $1.7 million, indicating growing institutional interest in the company.
• Tempus AI reported significant year-over-year revenue growth of 89.5% and exceeded earnings expectations for the recent quarter.
• Several research firms have raised their price targets for Tempus AI, with Bank of America and HC Wainwright among those providing optimistic ratings and projections.

Voya Investment Management LLC purchased a new stake in Tempus AI, Inc. (NASDAQ:TEM - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 35,585 shares of the company's stock, valued at approximately $1,717,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TEM. Cherry Tree Wealth Management LLC purchased a new stake in Tempus AI in the first quarter valued at about $31,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Tempus AI in the first quarter valued at about $33,000. Continuum Advisory LLC purchased a new stake in Tempus AI in the first quarter valued at about $39,000. Bartlett & CO. Wealth Management LLC raised its stake in Tempus AI by 100.0% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 800 shares of the company's stock valued at $39,000 after buying an additional 400 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in Tempus AI in the first quarter valued at about $39,000. 24.22% of the stock is currently owned by hedge funds and other institutional investors.

Tempus AI Stock Down 2.7%

Shares of TEM stock opened at $85.87 on Tuesday. The stock has a 50 day moving average of $71.02 and a 200 day moving average of $61.08. The company has a current ratio of 1.54, a quick ratio of 1.43 and a debt-to-equity ratio of 2.58. The stock has a market cap of $14.92 billion, a P/E ratio of -72.16 and a beta of 5.07. Tempus AI, Inc. has a twelve month low of $31.36 and a twelve month high of $97.79.

Tempus AI (NASDAQ:TEM - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.01. The company had revenue of $314.64 million during the quarter, compared to analysts' expectations of $296.84 million. Tempus AI had a negative return on equity of 122.86% and a negative net margin of 20.98%.Tempus AI's quarterly revenue was up 89.5% on a year-over-year basis. During the same period last year, the business earned ($6.86) earnings per share. Tempus AI has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Tempus AI, Inc. will post -6.15 EPS for the current year.

Wall Street Analysts Forecast Growth

TEM has been the subject of a number of research analyst reports. Bank of America increased their price target on Tempus AI from $68.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. HC Wainwright raised their price objective on Tempus AI from $90.00 to $98.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Piper Sandler restated a "neutral" rating on shares of Tempus AI in a research note on Friday, August 8th. BTIG Research raised their price objective on Tempus AI from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley raised their price objective on Tempus AI from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.17.

Insider Activity at Tempus AI

In related news, COO Ryan Fukushima sold 17,460 shares of Tempus AI stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.65, for a total transaction of $1,303,389.00. Following the completion of the transaction, the chief operating officer directly owned 839,180 shares in the company, valued at approximately $62,644,787. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew Polovin sold 5,398 shares of Tempus AI stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $74.65, for a total value of $402,960.70. Following the transaction, the executive vice president owned 132,056 shares of the company's stock, valued at approximately $9,857,980.40. This represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,787 shares of company stock valued at $42,492,268 in the last 90 days. 26.27% of the stock is currently owned by corporate insiders.

Tempus AI Company Profile

Tempus AI Inc is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics.

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