iLearningEngines (NASDAQ:AILE) Shares Gap Up to $3.05

iLearningEngines, Inc. (NASDAQ:AILE)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $3.05, but opened at $3.59. iLearningEngines shares last traded at $3.93, with a volume of 1,850,252 shares traded.

Analyst Ratings Changes

Several equities research analysts have weighed in on AILE shares. Benchmark restated a “buy” rating and issued a $18.00 target price on shares of iLearningEngines in a research note on Monday. Northland Securities initiated coverage on iLearningEngines in a research note on Wednesday, May 1st. They set an “outperform” rating and a $21.00 target price on the stock.

iLearningEngines Stock Performance

The firm’s fifty day moving average price is $8.04.

Institutional Trading of iLearningEngines

Several large investors have recently bought and sold shares of AILE. Rhumbline Advisers acquired a new stake in shares of iLearningEngines during the second quarter worth $217,000. Claro Advisors LLC purchased a new position in iLearningEngines in the 2nd quarter worth $107,000. Finally, Bank of New York Mellon Corp acquired a new stake in iLearningEngines during the 2nd quarter worth about $775,000. Hedge funds and other institutional investors own 32.94% of the company’s stock.

iLearningEngines Company Profile

iLearningEngines, Inc operates AI-powered learning automation and information intelligence for corporate and educational use. The company's AI and learning automation platform is used by enterprises to productize enterprise knowledge for consumption throughout the enterprise. Its outcome-based training has deployed in regulated and detail-oriented vertical markets, such as healthcare, education, insurance, retail, oil and gas/energy, manufacturing, and government.