IFP Advisors Inc Decreases Holdings in Tempus AI, Inc. $TEM

IFP Advisors Inc trimmed its holdings in shares of Tempus AI, Inc. (NASDAQ:TEM) by 20.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,780 shares of the company’s stock after selling 470 shares during the quarter. IFP Advisors Inc’s holdings in Tempus AI were worth $113,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Tempus AI by 6,247.5% in the 1st quarter. Vanguard Group Inc. now owns 5,995,117 shares of the company’s stock worth $289,204,000 after purchasing an additional 5,900,668 shares during the period. ARK Investment Management LLC raised its position in Tempus AI by 35.9% in the 1st quarter. ARK Investment Management LLC now owns 7,501,399 shares of the company’s stock worth $361,867,000 after purchasing an additional 1,981,755 shares during the period. Nikko Asset Management Americas Inc. raised its position in Tempus AI by 31.5% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 4,260,553 shares of the company’s stock worth $205,401,000 after purchasing an additional 1,021,460 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Tempus AI by 31.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,255,477 shares of the company’s stock worth $205,284,000 after purchasing an additional 1,016,384 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Tempus AI in the 1st quarter worth about $34,119,000. 24.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TEM. Morgan Stanley increased their price objective 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. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of Tempus AI in a research note on Friday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Tempus AI in a research note on Wednesday, October 8th. Piper Sandler restated a “neutral” rating on shares of Tempus AI in a research note on Friday, August 8th. Finally, Bank of America upped their target price on shares of Tempus AI from $68.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 25th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Tempus AI currently has an average rating of “Hold” and an average target price of $71.83.

Insider Activity

In other news, Director Theodore Leonsis sold 44,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $69.90, for a total transaction of $3,075,600.00. Following the transaction, the director directly owned 86,756 shares in the company, valued at approximately $6,064,244.40. This trade represents a 33.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Polovin sold 5,398 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 $402,960.70. Following the transaction, the executive vice president owned 132,056 shares in the company, valued at approximately $9,857,980.40. This represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 933,662 shares of company stock valued at $68,070,993. 26.27% of the stock is currently owned by corporate insiders.

Tempus AI Price Performance

NASDAQ TEM opened at $87.78 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.43 and a current ratio of 1.54. The firm’s 50 day moving average price is $82.18 and its 200-day moving average price is $66.23. Tempus AI, Inc. has a 52-week low of $31.36 and a 52-week high of $104.32. The company has a market cap of $15.25 billion, a PE ratio of -73.76 and a beta of 4.87.

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