Renaissance Capital LLC Makes New $633,000 Investment in Tempus AI, Inc. (NASDAQ:TEM)

Renaissance Capital LLC acquired a new stake in Tempus AI, Inc. (NASDAQ:TEM) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 11,188 shares of the company’s stock, valued at approximately $633,000.

A number of other institutional investors have also modified their holdings of the company. Sandia Investment Management LP acquired a new position in Tempus AI during the second quarter valued at approximately $136,000. Northwestern University acquired a new position in shares of Tempus AI during the second quarter worth about $491,000. Squarepoint Ops LLC purchased a new stake in shares of Tempus AI in the second quarter worth about $633,000. WINTON GROUP Ltd acquired a new stake in shares of Tempus AI in the second quarter valued at about $634,000. Finally, Scientech Research LLC purchased a new stake in shares of Tempus AI during the 2nd quarter valued at about $756,000.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TEM. Longbow Research began coverage on shares of Tempus AI in a research report on Tuesday, July 9th. They set a “buy” rating and a $48.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $47.00 target price on shares of Tempus AI in a research note on Wednesday, August 7th. William Blair began coverage on shares of Tempus AI in a research report on Tuesday, July 9th. They set an “outperform” rating on the stock. Morgan Stanley began coverage on Tempus AI in a report on Tuesday, July 9th. They issued an “overweight” rating and a $44.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Tempus AI from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.67.

Tempus AI Stock Performance

TEM stock opened at $46.63 on Wednesday. Tempus AI, Inc. has a twelve month low of $22.89 and a twelve month 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. The business’s fifty day moving average price is $51.67.

Tempus AI (NASDAQ:TEM) last posted its earnings results on Tuesday, August 6th. The company reported ($6.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.41) by ($2.36). The business had revenue of $165.97 million during the quarter, compared to analysts’ expectations of $159.10 million. On average, research analysts expect that Tempus AI, Inc. will post -6.51 EPS for the current 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.