iLearningEngines’ (AILE) Buy Rating Reaffirmed at Benchmark

iLearningEngines (NASDAQ:AILE)‘s stock had its “buy” rating reiterated by Benchmark in a note issued to investors on Wednesday, Benzinga reports. They currently have a $18.00 target price on the stock.

iLearningEngines Price Performance

AILE stock traded up $0.02 during mid-day trading on Wednesday, reaching $1.58. 3,093,954 shares of the company traded hands, compared to its average volume of 871,117. iLearningEngines has a fifty-two week low of $0.71 and a fifty-two week high of $20.00. The company has a debt-to-equity ratio of 20.27, a quick ratio of 3.40 and a current ratio of 3.40. The company has a 50 day simple moving average of $5.97.

iLearningEngines (NASDAQ:AILE) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $135.54 million during the quarter, compared to analysts’ expectations of $127.00 million. Research analysts expect that iLearningEngines will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company purchased a new position in shares of iLearningEngines in the 2nd quarter worth about $102,000. Claro Advisors LLC bought a new stake in iLearningEngines in the 2nd quarter worth approximately $107,000. Squarepoint Ops LLC purchased a new stake in iLearningEngines in the second quarter worth approximately $123,000. Rhumbline Advisers bought a new position in iLearningEngines during the second quarter valued at approximately $217,000. Finally, Bank of New York Mellon Corp bought a new position in iLearningEngines during the second quarter valued at approximately $775,000. Hedge funds and other institutional investors own 32.94% of the company’s stock.

iLearningEngines Company Profile

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.