iLearningEngines, Inc. (NASDAQ:AILE – Get Free Report)’s stock price rose 11.6% during mid-day trading on Thursday . The stock traded as high as $4.43 and last traded at $4.41. Approximately 83,376 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 204,697 shares. The stock had previously closed at $3.95.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AILE. Northland Securities assumed coverage on shares of iLearningEngines in a research note on Wednesday, May 1st. They issued an “outperform” rating and a $21.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of iLearningEngines in a report on Monday.
Get Our Latest Analysis on AILE
iLearningEngines Trading Up 18.5 %
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company bought a new stake in iLearningEngines during the 2nd quarter valued at $102,000. Claro Advisors LLC bought a new position in iLearningEngines during the 2nd quarter worth about $107,000. Squarepoint Ops LLC purchased a new position in iLearningEngines during the 2nd quarter valued at about $123,000. Rhumbline Advisers bought a new stake in shares of iLearningEngines in the 2nd quarter valued at about $217,000. Finally, Bank of New York Mellon Corp purchased a new stake in iLearningEngines during the second quarter worth $775,000. 32.94% of the stock is owned by hedge funds and other institutional investors.
About iLearningEngines
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.
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