Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) was up 1% during mid-day trading on Tuesday . The stock traded as high as $59.86 and last traded at $58.62. Approximately 2,605,951 shares changed hands during trading, a decline of 80% from the average daily volume of 13,062,522 shares. The stock had previously closed at $58.01.
Analyst Ratings Changes
Several analysts have recently issued reports on TEM shares. Bank of America boosted their price objective on shares of Tempus AI from $68.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Morgan Stanley upped their price target on shares of Tempus AI from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Guggenheim upped their price target on shares of Tempus AI from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. BTIG Research initiated coverage on shares of Tempus AI in a research note on Monday, April 21st. They issued a "buy" rating and a $60.00 target price on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and set a $70.00 price objective on shares of Tempus AI in a research note on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Tempus AI currently has a consensus rating of "Moderate Buy" and an average price target of $63.67.
Get Our Latest Research Report on TEM
Tempus AI Stock Up 1.4%
The business's fifty day moving average price is $62.61 and its two-hundred day moving average price is $54.42. 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 cap of $10.19 billion and a P/E ratio of -7.54.
Tempus AI (NASDAQ:TEM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.27) by $0.03. Tempus AI had a negative net margin of 88.27% and a negative return on equity of 533.21%. The business had revenue of $255.74 million for the quarter, compared to analyst estimates of $248.13 million. Tempus AI's revenue was up 75.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Tempus AI, Inc. will post -6.15 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Eric P. Lefkofsky sold 250,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $70.07, for a total value of $17,517,500.00. Following the transaction, the chief executive officer directly owned 9,357,283 shares in the company, valued at approximately $655,664,819.81. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO James William Rogers sold 23,121 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $63.27, for a total transaction of $1,462,865.67. Following the completion of the sale, the chief financial officer owned 146,001 shares in the company, valued at $9,237,483.27. This represents a 13.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 607,522 shares of company stock worth $41,300,238 in the last ninety days. 27.60% of the stock is owned by insiders.
Institutional Trading of Tempus AI
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC acquired a new stake in Tempus AI in the 1st quarter worth $31,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Tempus AI in the 1st quarter worth $33,000. Operose Advisors LLC acquired a new stake in shares of Tempus AI during the 4th quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC boosted its position in shares of Tempus AI by 100.0% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 800 shares of the company's stock valued at $39,000 after acquiring an additional 400 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new stake in shares of Tempus AI during the 1st quarter valued at about $39,000. 24.22% of the stock is currently owned by institutional investors and hedge funds.
About Tempus AI
(
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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