Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) dropped 3.2% during mid-day trading on Thursday . The stock traded as low as $73.44 and last traded at $73.83. Approximately 2,169,071 shares were traded during trading, a decline of 82% from the average daily volume of 12,366,394 shares. The stock had previously closed at $76.29.
Analysts Set New Price Targets
Several equities research analysts have weighed in on TEM shares. Guggenheim lifted their price target on shares of Tempus AI from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Morgan Stanley raised their target price on Tempus AI from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Piper Sandler restated a "neutral" rating on shares of Tempus AI in a research note on Friday, August 8th. BTIG Research raised their target price on Tempus AI from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Bank of America raised their target price on Tempus AI from $68.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.50.
Read Our Latest Report on TEM
Tempus AI Stock Performance
The company's fifty day moving average price is $64.93 and its 200 day moving average price is $59.32. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.54 and a quick ratio of 1.43. The company has a market cap of $13.57 billion, a PE ratio of -65.65 and a beta of 5.08.
Tempus AI (NASDAQ:TEM - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.01. The firm had revenue of $314.64 million during the quarter, compared to analyst estimates of $296.84 million. Tempus AI had a negative return on equity of 122.86% and a negative net margin of 20.98%.The business's revenue was up 89.5% compared to the same quarter last year. During the same period last year, the firm posted ($6.86) EPS. Tempus AI has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Tempus AI, Inc. will post -6.15 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP Erik Phelps sold 3,664 shares of Tempus AI stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.65, for a total value of $273,517.60. Following the completion of the sale, the executive vice president owned 94,115 shares of the company's stock, valued at approximately $7,025,684.75. This trade represents a 3.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO James William Rogers sold 7,528 shares of Tempus AI stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.65, for a total value of $561,965.20. Following the completion of the sale, the chief financial officer directly owned 138,473 shares of the company's stock, valued at approximately $10,337,009.45. This trade represents a 5.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,951 shares of company stock worth $77,660,938 in the last quarter. 26.27% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. 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 in the last quarter. ARK Investment Management LLC raised its stake 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 purchasing an additional 1,981,755 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in Tempus AI by 31.5% during the first quarter. Nikko Asset Management Americas Inc. now owns 4,260,553 shares of the company's stock valued at $205,401,000 after purchasing an additional 1,021,460 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Tempus AI by 31.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,255,477 shares of the company's stock valued at $205,284,000 after purchasing an additional 1,016,384 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in Tempus AI in the 2nd quarter worth approximately $54,020,000. Institutional investors own 24.22% of the company's stock.
Tempus AI Company Profile
(
Get Free Report)
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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