Tempus AI (NASDAQ:TEM) Stock Price Down 1.4% - Time to Sell?

Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) shares were down 1.4% during mid-day trading on Thursday . The company traded as low as $66.62 and last traded at $69.10. Approximately 10,672,401 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 7,059,910 shares. The stock had previously closed at $70.11.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wolfe Research downgraded shares of Tempus AI from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Piper Sandler upped their price target on Tempus AI from $55.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. William Blair reaffirmed a "market perform" rating on shares of Tempus AI in a research note on Tuesday, February 25th. BTIG Research assumed coverage on Tempus AI in a research note on Monday, April 21st. They set a "buy" rating and a $60.00 target price on the stock. Finally, Guggenheim restated a "buy" rating on shares of Tempus AI in a report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Tempus AI currently has an average rating of "Moderate Buy" and an average target price of $63.42.

Tempus AI Price Performance

The company has a current ratio of 1.71, a quick ratio of 1.56 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $11.96 billion and a PE ratio of -8.86. The company has a fifty day moving average price of $57.63 and a two-hundred day moving average price of $52.62.

Tempus AI (NASDAQ:TEM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.03. The business had revenue of $255.74 million during the quarter, compared to the consensus estimate of $248.13 million. Tempus AI had a negative return on equity of 533.21% and a negative net margin of 88.27%. The firm's revenue was up 75.4% compared to the same quarter last year. Sell-side analysts forecast that Tempus AI, Inc. will post -6.15 earnings per share for the current year.

Insider Buying and Selling

In other Tempus AI news, EVP Erik Phelps sold 8,415 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $63.21, for a total transaction of $531,912.15. Following the completion of the transaction, the executive vice president now owns 149,096 shares in the company, valued at approximately $9,424,358.16. This represents a 5.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Polovin sold 17,552 shares of Tempus AI stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $63.43, for a total transaction of $1,113,323.36. Following the completion of the sale, the executive vice president now directly owns 138,877 shares in the company, valued at approximately $8,808,968.11. The trade was a 11.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 308,580 shares of company stock worth $20,156,721 in the last 90 days. Company insiders own 27.60% of the company's stock.

Institutional Trading of Tempus AI

A number of institutional investors have recently modified their holdings of TEM. ARK Investment Management LLC lifted its holdings in Tempus AI by 35.9% in the first quarter. ARK Investment Management LLC now owns 7,501,399 shares of the company's stock valued at $361,867,000 after acquiring an additional 1,981,755 shares during the period. Vanguard Group Inc. grew its position in Tempus AI by 6,247.5% during the first quarter. Vanguard Group Inc. now owns 5,995,117 shares of the company's stock worth $289,204,000 after buying an additional 5,900,668 shares during the period. Nikko Asset Management Americas Inc. lifted its position in shares of Tempus AI by 31.5% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 4,260,553 shares of the company's stock valued at $205,401,000 after acquiring an additional 1,021,460 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Tempus AI by 31.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,255,477 shares of the company's stock worth $205,284,000 after acquiring an additional 1,016,384 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Tempus AI by 240.5% in the 4th quarter. Franklin Resources Inc. now owns 2,762,173 shares of the company's stock worth $93,251,000 after buying an additional 1,950,862 shares in the last quarter. 24.22% of the stock is currently owned by hedge funds and other institutional investors.

About Tempus AI

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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