Dragoneer Investment Group LLC Makes New Investment in Tempus AI, Inc. (NASDAQ:TEM)

Dragoneer Investment Group LLC bought a new position in shares of Tempus AI, Inc. (NASDAQ:TEM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 50,000 shares of the company's stock, valued at approximately $1,750,000.

Several other large investors also recently bought and sold shares of the stock. NEA Management Company LLC purchased a new stake in shares of Tempus AI during the 2nd quarter worth $160,048,000. Revolution Growth Management Company Inc. purchased a new stake in Tempus AI during the 2nd quarter worth about $128,133,000. Alphabet Inc. acquired a new position in shares of Tempus AI during the 2nd quarter worth about $54,289,000. Lingotto Investment Management LLP acquired a new stake in shares of Tempus AI during the 2nd quarter worth about $32,685,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Tempus AI during the second quarter worth approximately $28,246,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TEM. Needham & Company LLC reissued a "buy" rating and issued a $47.00 price target on shares of Tempus AI in a research report on Wednesday, August 7th. Morgan Stanley began coverage on Tempus AI in a research report on Tuesday, July 9th. They issued an "overweight" rating and a $44.00 target price for the company. Longbow Research assumed coverage on Tempus AI in a research report on Tuesday, July 9th. They set a "buy" rating and a $48.00 price target on the stock. TD Cowen initiated coverage on Tempus AI in a report on Tuesday, July 9th. They issued a "buy" rating and a $50.00 price objective for the company. Finally, Stifel Nicolaus started coverage on shares of Tempus AI in a report on Tuesday, July 9th. They issued a "buy" rating and a $45.00 target price on the stock. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.56.

Tempus AI Price Performance

Shares of TEM traded up $2.72 on Thursday, reaching $51.87. The stock had a trading volume of 761,640 shares, compared to its average volume of 1,223,893. Tempus AI, Inc. has a twelve month low of $22.89 and a twelve month high of $77.00. The company's 50-day moving average is $49.38.

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 the consensus estimate of ($4.41) by ($2.36). The company had revenue of $165.97 million for the quarter, compared to analysts' expectations of $159.10 million. Research analysts expect that Tempus AI, Inc. will post -6.51 EPS for the current fiscal year.

Tempus AI Company 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.