Federated Hermes Inc. Invests $19.89 Million in Tempus AI, Inc. (NASDAQ:TEM)

Federated Hermes Inc. bought a new stake in Tempus AI, Inc. (NASDAQ:TEM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 568,173 shares of the company's stock, valued at approximately $19,886,000. Federated Hermes Inc. owned about 0.34% of Tempus AI as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TEM. Alphabet Inc. acquired a new position in shares of Tempus AI during the 2nd quarter worth about $54,289,000. ARK Investment Management LLC bought a new stake in Tempus AI during the second quarter worth about $18,294,000. Pier Capital LLC acquired a new position in Tempus AI during the second quarter valued at approximately $2,301,000. EFG Asset Management North America Corp. bought a new position in Tempus AI in the second quarter valued at approximately $1,333,000. Finally, Northwestern University bought a new position in Tempus AI in the second quarter valued at approximately $491,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TEM shares. Longbow Research began coverage on Tempus AI in a research note on Tuesday, July 9th. They set a "buy" rating and a $48.00 price objective on the stock. Stifel Nicolaus assumed coverage on shares of Tempus AI in a research note on Tuesday, July 9th. They issued a "buy" rating and a $45.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of Tempus AI from $42.00 to $47.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Loop Capital initiated coverage on shares of Tempus AI in a report on Tuesday, July 9th. They issued a "buy" rating and a $48.00 target price on the stock. Finally, Morgan Stanley assumed coverage on Tempus AI in a report on Tuesday, July 9th. They set an "overweight" rating and a $44.00 price target for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.56.

Tempus AI Stock Up 10.7 %

Tempus AI stock traded up $5.29 during trading hours on Monday, hitting $54.67. The company had a trading volume of 1,356,548 shares, compared to its average volume of 1,223,447. The business's 50-day moving average is $46.78. Tempus AI, Inc. has a one year low of $22.89 and a one year high of $77.00.

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

Tempus AI 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.