11,188 Shares in Tempus AI, Inc. (NASDAQ:TEM) Bought by Renaissance Capital LLC

Renaissance Capital LLC bought a new stake in shares of Tempus AI, Inc. (NASDAQ:TEM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,188 shares of the company's stock, valued at approximately $633,000.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TEM. Needham & Company LLC reaffirmed a "buy" rating and set a $47.00 price target on shares of Tempus AI in a research note on Wednesday, August 7th. William Blair initiated coverage on Tempus AI in a report on Tuesday, July 9th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. upped their price target on shares of Tempus AI from $42.00 to $47.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Stifel Nicolaus assumed coverage on shares of Tempus AI in a research report on Tuesday, July 9th. They set a "buy" rating and a $45.00 price objective for the company. Finally, Longbow Research began 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Tempus AI has an average rating of "Moderate Buy" and an average target price of $48.67.

Tempus AI Trading Up 5.2 %

Tempus AI stock traded up $2.42 during midday trading on Wednesday, reaching $49.05. The stock had a trading volume of 619,747 shares, compared to its average volume of 1,166,902. Tempus AI, Inc. has a twelve month low of $22.89 and a twelve month high of $77.00. The company has a debt-to-equity ratio of 4.50, a quick ratio of 3.52 and a current ratio of 3.70. The firm has a fifty day moving average of $51.79.

Tempus AI (NASDAQ:TEM - Get Free Report) last issued 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 analyst estimates of $159.10 million. Research analysts forecast that Tempus AI, Inc. will post -6.51 EPS for the current 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.