International Assets Investment Management LLC Buys 70,700 Shares of Tempus AI, Inc. (NASDAQ:TEM)

International Assets Investment Management LLC grew its position in shares of Tempus AI, Inc. (NASDAQ:TEM - Free Report) by 141,400.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,750 shares of the company's stock after acquiring an additional 70,700 shares during the period. International Assets Investment Management LLC's holdings in Tempus AI were worth $4,004,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Sandia Investment Management LP bought a new stake in Tempus AI in the second quarter valued at $136,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Tempus AI during the 3rd quarter valued at about $258,000. Clarus Group Inc. purchased a new position in shares of Tempus AI during the third quarter valued at about $283,000. Northwestern University bought a new position in Tempus AI in the second quarter worth about $491,000. Finally, Squarepoint Ops LLC purchased a new stake in Tempus AI in the second quarter worth about $633,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on TEM. TD Cowen started coverage on shares of Tempus AI in a report on Tuesday, July 9th. They set a "buy" rating and a $50.00 target price on the stock. William Blair started coverage on shares of Tempus AI in a report on Tuesday, July 9th. They issued an "outperform" rating on the stock. Stifel Nicolaus began coverage on shares of Tempus AI in a report on Tuesday, July 9th. They set a "buy" rating and a $45.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Tempus AI from $42.00 to $47.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley initiated coverage on Tempus AI in a research report on Tuesday, July 9th. They set an "overweight" rating and a $44.00 price objective for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.67.

Tempus AI Trading Up 3.2 %

Shares of Tempus AI stock traded up $1.44 during trading hours on Friday, reaching $46.06. 479,232 shares of the stock traded hands, compared to its average volume of 769,963. The business's 50 day moving average is $50.70. Tempus AI, Inc. has a one year low of $22.89 and a one year high of $77.00. The company has a quick ratio of 3.52, a current ratio of 3.70 and a debt-to-equity ratio of 4.50.

Tempus AI (NASDAQ:TEM - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $159.10 million. Analysts predict 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.