Tempus AI, Inc. (NASDAQ:TEM) Short Interest Update

Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 3,850,000 shares, an increase of 25.4% from the July 31st total of 3,070,000 shares. Based on an average daily trading volume, of 1,350,000 shares, the short-interest ratio is presently 2.9 days. Approximately 6.7% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TEM shares. Piper Sandler started coverage on Tempus AI in a report on Monday, August 12th. They issued a "neutral" rating and a $40.00 target price on the stock. Longbow Research started coverage on Tempus AI in a report on Tuesday, July 9th. They issued a "buy" rating and a $48.00 target price on the stock. Bank of America started coverage on Tempus AI in a report on Tuesday, July 9th. They issued a "buy" rating and a $41.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and issued a $47.00 target price on shares of Tempus AI in a report on Wednesday, August 7th. Finally, William Blair started coverage on Tempus AI in a report on Tuesday, July 9th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $45.56.

Institutional Trading of Tempus AI

Institutional investors have recently bought and sold shares of the company. NEA Management Company LLC purchased a new stake in shares of Tempus AI in the second quarter valued at $160,048,000. Novo Holdings A S purchased a new stake in shares of Tempus AI in the second quarter valued at $142,605,000. Revolution Growth Management Company Inc. purchased a new stake in shares of Tempus AI in the second quarter valued at $128,133,000. Alphabet Inc. purchased a new stake in shares of Tempus AI in the second quarter valued at $54,289,000. Finally, Lingotto Investment Management LLP purchased a new position in Tempus AI during the second quarter worth about $32,685,000.

Tempus AI Price Performance

TEM stock traded up $1.47 on Friday, reaching $59.38. 715,263 shares of the company's stock were exchanged, compared to its average volume of 1,235,011. The company has a fifty day moving average of $42.94. Tempus AI has a twelve month low of $22.89 and a twelve month high of $77.00.

Tempus AI (NASDAQ:TEM - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported ($6.77) EPS for the quarter, missing analysts' consensus estimates of ($4.41) by ($2.36). The business had revenue of $165.97 million during the quarter, compared to the consensus estimate of $159.10 million. Equities research analysts expect that Tempus AI will post -6.51 earnings per share for the current fiscal year.

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.