Tempus AI, Inc. (NASDAQ:TEM) Short Interest Update

Tempus AI, Inc. (NASDAQ:TEM) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 2,970,000 shares, a decrease of 16.3% from the August 31st total of 3,550,000 shares. Approximately 5.8% of the shares of the company are sold short. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TEM. Sandia Investment Management LP acquired a new stake in Tempus AI during the second quarter worth approximately $136,000. Northwestern University bought a new stake in shares of Tempus AI during the 2nd quarter valued at $491,000. Squarepoint Ops LLC bought a new stake in shares of Tempus AI during the 2nd quarter valued at $633,000. WINTON GROUP Ltd acquired a new stake in shares of Tempus AI during the 2nd quarter worth $634,000. Finally, Scientech Research LLC bought a new position in shares of Tempus AI in the second quarter worth $756,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TEM shares. William Blair assumed coverage on Tempus AI in a report on Tuesday, July 9th. They set an “outperform” rating for the company. Piper Sandler initiated coverage on Tempus AI in a research note on Monday, August 12th. They set a “neutral” rating and a $40.00 target price for the company. TD Cowen assumed coverage on Tempus AI in a research note on Tuesday, July 9th. They issued a “buy” rating and a $50.00 price target on the stock. Loop Capital began coverage on Tempus AI in a report on Tuesday, July 9th. They set a “buy” rating and a $48.00 price target 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 price objective on the stock. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.56.

Tempus AI Trading Up 3.8 %

TEM stock opened at $53.84 on Monday. Tempus AI has a fifty-two week low of $22.89 and a fifty-two week high of $77.00. The stock’s fifty day moving average price is $49.63.

Tempus AI (NASDAQ:TEM) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($6.77) EPS for the quarter, missing analysts’ consensus estimates of ($4.41) by ($2.36). The company had revenue of $165.97 million for the quarter, compared to analyst estimates of $159.10 million. As a group, equities analysts expect that Tempus AI will post -6.51 EPS for the current fiscal year.

Tempus AI Company 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.