65,000 Shares in Tempus AI, Inc. (NASDAQ:TEM) Acquired by Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP acquired a new position in shares of Tempus AI, Inc. (NASDAQ:TEM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 65,000 shares of the company's stock, valued at approximately $2,271,000.

Several other institutional investors have also recently modified their holdings of TEM. Northwestern University purchased a new position in Tempus AI in the 2nd quarter valued at about $491,000. WINTON GROUP Ltd purchased a new position in Tempus AI in the 2nd quarter valued at about $634,000. EFG Asset Management North America Corp. purchased a new position in Tempus AI in the 2nd quarter valued at about $1,333,000. Pier Capital LLC bought a new position in shares of Tempus AI during the second quarter worth about $2,301,000. Finally, Allen Operations LLC acquired a new position in Tempus AI in the second quarter worth about $3,831,000.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TEM. Morgan Stanley began coverage on Tempus AI in a research note on Tuesday, July 9th. They issued an "overweight" rating and a $44.00 price target for the company. Stifel Nicolaus began coverage on Tempus AI in a research note on Tuesday, July 9th. They issued a "buy" rating and a $45.00 price target for the company. Longbow Research began coverage on Tempus AI in a research note on Tuesday, July 9th. They issued a "buy" rating and a $48.00 price target for the company. Bank of America began coverage on Tempus AI in a research note on Tuesday, July 9th. They issued a "buy" rating and a $41.00 price target for the company. Finally, TD Cowen started coverage on Tempus AI in a research note on Tuesday, July 9th. They issued a "buy" rating and a $50.00 price target for the company. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.56.

Tempus AI Stock Up 1.7 %

NASDAQ TEM traded up $0.93 during trading hours on Monday, reaching $55.36. The company's stock had a trading volume of 911,555 shares, compared to its average volume of 1,231,706. The company has a 50-day moving average of $48.75. Tempus AI, Inc. has a 52 week low of $22.89 and a 52 week high of $77.00.

Tempus AI (NASDAQ:TEM - Get Free Report) last released its quarterly 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. As a group, equities research analysts expect that Tempus AI, Inc. will post -6.51 earnings per share for the current 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.