Tempus AI, Inc. (NASDAQ:TEM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Tempus AI, Inc. (NASDAQ:TEMGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $79.3077.

Several research analysts have recently commented on the stock. Piper Sandler dropped their price target on shares of Tempus AI from $105.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of Tempus AI from a “hold” rating to a “sell” rating in a research report on Saturday. HC Wainwright cut their target price on Tempus AI from $98.00 to $89.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Canaccord Genuity Group decreased their price target on Tempus AI from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Finally, Robert W. Baird began coverage on Tempus AI in a report on Tuesday, February 17th. They set an “outperform” rating and a $59.00 price objective on the stock.

Read Our Latest Analysis on TEM

Insider Activity at Tempus AI

In related news, CEO Eric P. Lefkofsky sold 166,250 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $65.56, for a total value of $10,899,350.00. Following the completion of the transaction, the chief executive officer directly owned 8,941,533 shares of the company’s stock, valued at $586,206,903.48. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Fukushima sold 9,592 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $59.05, for a total transaction of $566,407.60. Following the completion of the transaction, the chief executive officer directly owned 694,354 shares of the company’s stock, valued at $41,001,603.70. This trade represents a 1.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 596,035 shares of company stock valued at $37,505,125. 26.27% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Cranbrook Wealth Management LLC acquired a new stake in shares of Tempus AI in the 3rd quarter valued at $25,000. JPL Wealth Management LLC acquired a new position in Tempus AI in the third quarter valued at about $26,000. Los Angeles Capital Management LLC bought a new stake in Tempus AI during the fourth quarter worth about $27,000. GAMMA Investing LLC acquired a new stake in shares of Tempus AI during the third quarter worth approximately $28,000. Finally, Allworth Financial LP raised its stake in shares of Tempus AI by 5,000.0% in the second quarter. Allworth Financial LP now owns 459 shares of the company’s stock valued at $29,000 after acquiring an additional 450 shares during the last quarter. 24.22% of the stock is currently owned by institutional investors and hedge funds.

Tempus AI Stock Performance

Shares of TEM opened at $53.25 on Friday. The company has a market capitalization of $9.47 billion, a PE ratio of -37.77 and a beta of 5.22. The company has a debt-to-equity ratio of 2.52, a quick ratio of 3.12 and a current ratio of 3.13. The company’s 50 day moving average price is $61.34 and its 200 day moving average price is $73.33. Tempus AI has a 52 week low of $36.22 and a 52 week high of $104.32.

Tempus AI News Roundup

Here are the key news stories impacting Tempus AI this week:

About Tempus AI

(Get Free Report)

Tempus is a technology-driven healthcare company that applies artificial intelligence and machine learning to clinical and molecular data in order to advance precision medicine. Its primary focus lies in oncology, where the company offers comprehensive genomic profiling, digital pathology services and data-driven insights to inform personalized cancer care. By integrating DNA and RNA sequencing with structured clinical information, Tempus enables clinicians and researchers to identify targeted treatment options for patients based on the genetic characteristics of their tumors.

The company’s core offering centers on a scalable, cloud-based analytics platform that aggregates vast amounts of molecular and clinical data.

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Analyst Recommendations for Tempus AI (NASDAQ:TEM)

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