Tempus AI Inc (NASDAQ:TEM) shares traded 1.38% higher at $55.18 on Wall Street last session.
TEM stock price is now 4.61% away from the 50-day moving average and 5.59% away from the 200-day moving average. The market capitalization of the company currently stands at $9.55B.
With the price target of $60, BTIG Research recently initiated with Buy rating for Tempus AI Inc (NASDAQ: TEM). On February 25, 2025, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock increasing its target price from $50 to quote $55, while ‘William Blair’ rates the stock as ‘Mkt Perform’
In other news, Rogers James William, Chief Financial Officer sold 23,121 shares of the company’s stock on May 20 ’25. The stock was sold for $1,462,809 at an average price of $63.27. Upon completion of the transaction, the Chief Financial Officer now directly owns 146,001 shares in the company, valued at $8.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’25, EVP and General Counsel Polovin Andrew sold 17,552 shares of the business’s stock. A total of $1,113,385 was realized by selling the stock at an average price of $63.43. This leaves the insider owning 138,877 shares of the company worth $7.66 million. A total of 47.12% of the company’s stock is owned by insiders.
During the past 12 months, Tempus AI Inc has had a low of $22.89 and a high of $91.45. As of last week, the company has a debt-to-equity ratio of 2.63, a current ratio of 1.71, and a quick ratio of 1.56.
The company reported revenue of $255.74 million for the quarter, compared to $145.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 75.38 percent.
