iLearningEngines (NASDAQ:AILE) Earns Buy Rating from Benchmark

iLearningEngines (NASDAQ:AILE)‘s stock had its “buy” rating reiterated by research analysts at Benchmark in a report released on Tuesday,Benzinga reports. They currently have a $18.00 price target on the stock.

iLearningEngines Price Performance

Shares of AILE stock opened at $1.10 on Tuesday. The company has a debt-to-equity ratio of 20.27, a current ratio of 3.40 and a quick ratio of 3.40. iLearningEngines has a 12-month low of $0.70 and a 12-month high of $20.00. The stock has a 50 day simple moving average of $1.49 and a 200-day simple moving average of $4.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new position in iLearningEngines in the 2nd quarter valued at $1,543,000. SG Americas Securities LLC purchased a new position in shares of iLearningEngines in the 3rd quarter valued at $29,000. Bank of New York Mellon Corp acquired a new position in shares of iLearningEngines during the 2nd quarter valued at $775,000. Rhumbline Advisers purchased a new stake in iLearningEngines during the 2nd quarter worth $217,000. Finally, Squarepoint Ops LLC acquired a new stake in iLearningEngines in the 2nd quarter valued at $123,000. 32.94% of the stock is currently owned by hedge funds and other 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.