Tempus AI, Inc.’s Lock-Up Period To Expire Tomorrow (NASDAQ:TEM)

Tempus AI’s (NASDAQ:TEM) lock-up period will expire on Wednesday, December 11th. Tempus AI had issued 11,100,000 shares in its IPO on June 14th. The total size of the offering was $410,700,000 based on an initial share price of $37.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

TEM has been the topic of several recent research reports. Stifel Nicolaus downgraded Tempus AI from a “buy” rating to a “hold” rating and raised their price objective for the stock from $45.00 to $65.00 in a research note on Monday, November 11th. Piper Sandler reaffirmed a “neutral” rating and set a $70.00 price target (up previously from $40.00) on shares of Tempus AI in a report on Tuesday, November 12th. Bank of America lowered shares of Tempus AI from a “buy” rating to a “neutral” rating and upped their price target for the stock from $45.00 to $60.00 in a research report on Wednesday, October 2nd. Loop Capital raised their price target on Tempus AI from $48.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Guggenheim began coverage on Tempus AI in a research note on Monday. They set a “buy” rating and a $74.00 target price on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.20.

Tempus AI Stock Down 7.8 %

NASDAQ:TEM opened at $46.50 on Tuesday. The company has a debt-to-equity ratio of 8.17, a current ratio of 2.69 and a quick ratio of 2.55. The company has a 50 day moving average of $53.34. Tempus AI has a 1 year low of $22.89 and a 1 year high of $79.49.

Institutional Investors Weigh In On Tempus AI

Several institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of Tempus AI by 1.0% during the third quarter. Franklin Resources Inc. now owns 811,311 shares of the company’s stock valued at $45,920,000 after buying an additional 8,387 shares during the last quarter. Tidal Investments LLC purchased a new position in Tempus AI during the 3rd quarter valued at $7,633,000. Teachers Retirement System of The State of Kentucky grew its position in Tempus AI by 6.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 126,500 shares of the company’s stock valued at $7,160,000 after acquiring an additional 7,500 shares during the last quarter. Geode Capital Management LLC increased its stake in Tempus AI by 0.4% in the third quarter. Geode Capital Management LLC now owns 133,171 shares of the company’s stock worth $7,537,000 after purchasing an additional 539 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Tempus AI in the third quarter worth $502,000. Institutional investors own 24.22% of the company’s stock.

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.