Bank of New York Mellon Corp Purchases New Shares in iLearningEngines, Inc. (NASDAQ:AILE)

Bank of New York Mellon Corp purchased a new stake in shares of iLearningEngines, Inc. (NASDAQ:AILE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 85,358 shares of the company’s stock, valued at approximately $775,000. Bank of New York Mellon Corp owned 0.06% of iLearningEngines as of its most recent filing with the Securities & Exchange Commission.

iLearningEngines Stock Performance

AILE opened at $1.76 on Monday. iLearningEngines, Inc. has a 52 week low of $0.71 and a 52 week high of $20.00. The company has a 50 day moving average price of $4.74. 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 (NASDAQ:AILE) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $135.54 million for the quarter, compared to the consensus estimate of $127.00 million. As a group, analysts expect that iLearningEngines, Inc. will post -0.08 EPS for the current year.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and set a $18.00 price target on shares of iLearningEngines in a research note on Wednesday, September 11th.

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.