Lingotto Investment Management LLP Invests $32.69 Million in Tempus AI, Inc. (NASDAQ:TEM)

Lingotto Investment Management LLP acquired a new position in shares of Tempus AI, Inc. (NASDAQ:TEM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 933,859 shares of the company’s stock, valued at approximately $32,685,000. Tempus AI comprises approximately 1.1% of Lingotto Investment Management LLP’s portfolio, making the stock its 16th biggest holding. Lingotto Investment Management LLP owned approximately 0.57% of Tempus AI as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA bought a new position in shares of Tempus AI during the second quarter worth about $28,246,000. WINTON GROUP Ltd acquired a new stake in Tempus AI during the second quarter worth approximately $634,000. Allen Operations LLC acquired a new stake in Tempus AI during the second quarter worth approximately $3,831,000. Revolution Growth Management Company Inc. acquired a new stake in Tempus AI during the second quarter worth approximately $128,133,000. Finally, Federated Hermes Inc. acquired a new stake in Tempus AI during the second quarter worth approximately $19,886,000.

Analysts Set New Price Targets

Several research firms recently commented on TEM. William Blair began coverage on Tempus AI in a research note on Tuesday, July 9th. They set an “outperform” rating for the company. Morgan Stanley began coverage on Tempus AI in a research note on Tuesday, July 9th. They set an “overweight” rating and a $44.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $47.00 target price on shares of Tempus AI in a research note on Wednesday, August 7th. Loop Capital began coverage on Tempus AI in a research note on Tuesday, July 9th. They set a “buy” rating and a $48.00 target price for the company. Finally, Longbow Research began coverage on Tempus AI in a research note on Tuesday, July 9th. They set a “buy” rating and a $48.00 target price for the company. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.56.

Tempus AI Stock Down 10.0 %

Shares of Tempus AI stock opened at $49.23 on Wednesday. Tempus AI, Inc. has a 52 week low of $22.89 and a 52 week high of $77.00. The firm has a 50 day moving average price of $47.21.

Tempus AI (NASDAQ:TEM) last announced its earnings results on Tuesday, August 6th. The company reported ($6.77) earnings per share (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. As a group, research analysts predict that Tempus AI, Inc. will post -6.51 EPS for the current year.

Tempus AI 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.