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

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

iLearningEngines Price Performance

Shares of NASDAQ:AILE opened at $1.10 on Tuesday. iLearningEngines has a 1 year low of $0.70 and a 1 year high of $20.00. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 20.27. The firm’s 50-day moving average is $1.49 and its two-hundred day moving average is $4.85.

Hedge Funds Weigh In On iLearningEngines

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in iLearningEngines in the third quarter valued at $29,000. Claro Advisors LLC boosted its position in shares of iLearningEngines by 75.6% in the 3rd quarter. Claro Advisors LLC now owns 20,746 shares of the company’s stock valued at $35,000 after purchasing an additional 8,929 shares during the period. EP Wealth Advisors LLC purchased a new position in iLearningEngines during the 3rd quarter worth approximately $58,000. Barclays PLC increased its position in iLearningEngines by 320.8% during the third quarter. Barclays PLC now owns 41,808 shares of the company’s stock worth $70,000 after buying an additional 31,872 shares during the period. Finally, XTX Topco Ltd purchased a new stake in iLearningEngines in the third quarter valued at approximately $85,000. 32.94% of the stock is owned by institutional investors and hedge funds.

iLearningEngines Company Profile

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.