Massachusetts Financial Services Co. MA Purchases New Position in Tempus AI, Inc. (NASDAQ:TEM)

Massachusetts Financial Services Co. MA purchased a new stake in Tempus AI, Inc. (NASDAQ:TEM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 807,036 shares of the company’s stock, valued at approximately $28,246,000. Massachusetts Financial Services Co. MA owned about 0.49% of Tempus AI as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. acquired a new position in Tempus AI in the 2nd quarter valued at about $19,886,000. Allen Operations LLC acquired a new position in shares of Tempus AI during the 2nd quarter worth approximately $3,831,000. EFG Asset Management North America Corp. acquired a new position in shares of Tempus AI during the 2nd quarter worth approximately $1,333,000. Alphabet Inc. acquired a new position in shares of Tempus AI during the 2nd quarter worth approximately $54,289,000. Finally, Pier Capital LLC acquired a new position in shares of Tempus AI during the 2nd quarter worth approximately $2,301,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TEM shares. JPMorgan Chase & Co. increased their target price 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. Loop Capital started coverage on shares of Tempus AI in a research report on Tuesday, July 9th. They set a “buy” rating and a $48.00 target price on the stock. TD Cowen assumed coverage on shares of Tempus AI in a research report on Tuesday, July 9th. They set a “buy” rating and a $50.00 target price on the stock. William Blair assumed coverage on shares of Tempus AI in a report on Tuesday, July 9th. They set an “outperform” rating for the company. Finally, Bank of America assumed coverage on shares of Tempus AI in a report on Tuesday, July 9th. They set a “buy” rating and a $41.00 price target for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.56.

Tempus AI Stock Up 8.7 %

Shares of NASDAQ:TEM opened at $54.43 on Friday. The company has a 50 day moving average of $48.37. Tempus AI, Inc. has a one year low of $22.89 and a one year high of $77.00.

Tempus AI (NASDAQ:TEM) last issued 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 for the quarter, compared to analyst estimates of $159.10 million. On average, research analysts forecast that Tempus AI, Inc. will post -6.51 earnings per share 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.