Benchmark Reiterates “Buy” Rating for iLearningEngines (NASDAQ:AILE)

Benchmark reiterated their buy rating on shares of iLearningEngines (NASDAQ:AILE) in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a $18.00 target price on the stock.

iLearningEngines Stock Performance

NASDAQ:AILE opened at $1.08 on Tuesday. iLearningEngines has a twelve month low of $0.70 and a twelve month high of $20.00. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 20.27. The stock’s 50 day moving average price is $1.50 and its two-hundred day moving average price is $4.80.

Institutional Trading of iLearningEngines

Several institutional investors and hedge funds have recently added to or reduced their stakes in AILE. Morse Asset Management Inc acquired a new position in shares of iLearningEngines during the 2nd quarter worth about $1,543,000. SG Americas Securities LLC bought a new position in iLearningEngines during the third quarter worth about $29,000. Bank of New York Mellon Corp acquired a new position in iLearningEngines during the second quarter worth approximately $775,000. Rhumbline Advisers bought a new stake in iLearningEngines in the second quarter valued at approximately $217,000. Finally, Squarepoint Ops LLC bought a new position in shares of iLearningEngines during the 2nd quarter worth approximately $123,000. 32.94% of the stock is owned by institutional investors.

About iLearningEngines

iLearningEngines, Inc operates an artificial intelligence (AI) platform for learning automation. The company’s AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules. Its platform includes Learning Experience Platform, that addresses the corporate learning market; and Information Intelligence Platform which addresses the information management, analytics, and automation markets.