Dakota Wealth Management Purchases New Position in Tempus AI, Inc. (NASDAQ:TEM)

Dakota Wealth Management acquired a new position in Tempus AI, Inc. (NASDAQ:TEM) in the 3rd quarter, Holdings Channel reports. The firm acquired 20,944 shares of the company’s stock, valued at approximately $1,185,000.

Several other large investors have also bought and sold shares of the company. NEA Management Company LLC bought a new position in shares of Tempus AI in the 2nd quarter worth approximately $160,048,000. Novo Holdings A S bought a new position in Tempus AI in the second quarter worth $142,605,000. Revolution Growth Management Company Inc. purchased a new position in Tempus AI during the second quarter valued at $128,133,000. Alphabet Inc. bought a new stake in shares of Tempus AI during the 2nd quarter valued at $54,289,000. Finally, Lingotto Investment Management LLP purchased a new stake in shares of Tempus AI in the 2nd quarter worth about $32,685,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Piper Sandler initiated coverage on shares of Tempus AI in a research note on Monday, August 12th. They set a “neutral” rating and a $40.00 price objective on the stock. Stifel Nicolaus started coverage on Tempus AI in a research report on Tuesday, July 9th. They issued a “buy” rating and a $45.00 price target on the stock. Longbow Research assumed coverage on Tempus AI in a research note on Tuesday, July 9th. They issued a “buy” rating and a $48.00 price target on the stock. Bank of America cut Tempus AI from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $45.00 to $60.00 in a research note on Wednesday, October 2nd. Finally, Morgan Stanley started coverage on Tempus AI in a research note on Tuesday, July 9th. They issued an “overweight” rating and a $44.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $48.67.

Tempus AI Price Performance

Tempus AI stock opened at $43.51 on Friday. 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. The business has a fifty day simple moving average of $52.55.

Tempus AI (NASDAQ:TEM) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($6.77) EPS 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 expect that Tempus AI, Inc. will post -6.51 earnings per share for the current fiscal year.

About Tempus AI

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.