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

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

iLearningEngines Stock Performance

AILE opened at $1.20 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 52 week low of $0.70 and a 52 week high of $20.00. The business’s fifty day simple moving average is $1.49 and its 200 day simple moving average is $4.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new position in shares of iLearningEngines during the second quarter valued at about $1,543,000. SG Americas Securities LLC bought a new position in shares of iLearningEngines during the third quarter valued at about $29,000. Bank of New York Mellon Corp bought a new position in shares of iLearningEngines during the second quarter valued at about $775,000. Rhumbline Advisers bought a new position in shares of iLearningEngines during the second quarter valued at about $217,000. Finally, Squarepoint Ops LLC bought a new position in shares of iLearningEngines during the second quarter valued at about $123,000. Institutional investors own 32.94% of the company’s stock.

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.