Farther Finance Advisors LLC Boosts Stake in Tempus AI, Inc. $TEM

Farther Finance Advisors LLC boosted its position in Tempus AI, Inc. (NASDAQ:TEM) by 59.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 884 shares of the company’s stock after purchasing an additional 331 shares during the period. Farther Finance Advisors LLC’s holdings in Tempus AI were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Cherry Tree Wealth Management LLC bought a new stake in shares of Tempus AI during the 1st quarter worth approximately $31,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Tempus AI in the first quarter worth $33,000. Bartlett & CO. Wealth Management LLC lifted its position in shares of Tempus AI by 100.0% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 800 shares of the company’s stock worth $39,000 after purchasing an additional 400 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in shares of Tempus AI during the first quarter valued at $39,000. Finally, Continuum Advisory LLC bought a new position in shares of Tempus AI in the first quarter worth about $39,000. Institutional investors own 24.22% of the company’s stock.

Analyst Ratings Changes

TEM has been the topic of several recent analyst reports. Piper Sandler reaffirmed a “neutral” rating on shares of Tempus AI in a research note on Friday, August 8th. Morgan Stanley raised their target price on shares of Tempus AI from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Guggenheim lifted their price target on shares of Tempus AI from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 26th. HC Wainwright increased their price objective on Tempus AI from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, BTIG Research raised their price objective on Tempus AI from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $71.83.

Insider Activity at Tempus AI

In other news, CEO Eric P. Lefkofsky sold 332,500 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $25,456,200.00. Following the transaction, the chief executive officer owned 9,141,032 shares in the company, valued at $699,837,409.92. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Ryan Fukushima sold 17,460 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $74.65, for a total transaction of $1,303,389.00. Following the completion of the transaction, the chief operating officer directly owned 839,180 shares of the company’s stock, valued at $62,644,787. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 928,662 shares of company stock worth $67,609,393 over the last ninety days. Corporate insiders own 26.27% of the company’s stock.

Tempus AI Stock Up 1.5%

Shares of Tempus AI stock opened at $93.08 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.54 and a debt-to-equity ratio of 2.58. The company has a market cap of $16.17 billion, a P/E ratio of -78.22 and a beta of 4.87. The firm’s 50 day moving average price is $75.60 and its 200-day moving average price is $63.68. Tempus AI, Inc. has a 52-week low of $31.36 and a 52-week high of $97.79.

Tempus AI (NASDAQ:TEM) last released its quarterly earnings results on Friday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.01. The business had revenue of $314.64 million for the quarter, compared to analyst estimates of $296.84 million. Tempus AI had a negative net margin of 20.98% and a negative return on equity of 122.86%. The business’s revenue for the quarter was up 89.5% on a year-over-year basis. During the same period in the previous year, the company earned ($6.86) earnings per share. Tempus AI has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Tempus AI, Inc. will post -6.15 EPS 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.