Exchange Traded Concepts LLC Purchases New Position in Tempus AI, Inc. (NASDAQ:TEM)

Exchange Traded Concepts LLC purchased a new position in Tempus AI, Inc. (NASDAQ:TEM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 61,104 shares of the company's stock, valued at approximately $3,458,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TEM. Davidson Kempner Capital Management LP bought a new stake in shares of Tempus AI in the 2nd quarter worth $2,271,000. NEA Management Company LLC bought a new stake in Tempus AI in the 2nd quarter worth about $160,048,000. Sculptor Capital LP purchased a new position in Tempus AI in the 2nd quarter worth about $5,085,000. Novo Holdings A S bought a new position in Tempus AI during the 2nd quarter valued at about $142,605,000. Finally, Federated Hermes Inc. purchased a new position in shares of Tempus AI during the second quarter valued at approximately $19,886,000.

Analysts Set New Price Targets

TEM has been the topic of several research reports. Piper Sandler started coverage on shares of Tempus AI in a report on Monday, August 12th. They issued a "neutral" rating and a $40.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and set a $47.00 price objective on shares of Tempus AI in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on Tempus AI from $42.00 to $47.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. Stifel Nicolaus began coverage on shares of Tempus AI in a research note on Tuesday, July 9th. They issued a "buy" rating and a $45.00 price objective on the stock. Finally, Longbow Research started coverage on shares of Tempus AI in a research report on Tuesday, July 9th. They set a "buy" rating and a $48.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $47.67.

Tempus AI Stock Performance

Shares of TEM traded up $1.90 during mid-day trading on Monday, reaching $50.72. The stock had a trading volume of 502,658 shares, compared to its average volume of 1,170,604. The business's fifty day moving average price is $51.67. The company has a debt-to-equity ratio of 4.50, a current ratio of 3.70 and a quick ratio of 3.52. Tempus AI, Inc. has a 12 month low of $22.89 and a 12 month high of $77.00.

Tempus AI (NASDAQ:TEM - Get Free Report) last issued 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 the consensus estimate of $159.10 million. Equities analysts forecast 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.