Benchmark reissued their buy rating on shares of iLearningEngines (NASDAQ:AILE – Free Report) in a report published on Tuesday,Benzinga reports. They currently have a $18.00 price objective on the stock.
iLearningEngines Stock Up 10.8 %
Shares of iLearningEngines stock opened at $1.33 on Tuesday. The stock’s 50-day simple moving average is $1.48 and its 200-day simple moving average is $4.73. iLearningEngines has a 52 week low of $0.70 and a 52 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.
Hedge Funds Weigh In On iLearningEngines
Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of iLearningEngines in the third quarter worth about $29,000. Claro Advisors LLC lifted its position in shares of iLearningEngines by 75.6% in the third quarter. Claro Advisors LLC now owns 20,746 shares of the company’s stock worth $35,000 after buying an additional 8,929 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of iLearningEngines in the third quarter worth about $54,000. EP Wealth Advisors LLC purchased a new stake in shares of iLearningEngines in the third quarter worth about $58,000. Finally, Barclays PLC lifted its position in shares of iLearningEngines by 320.8% in 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 in the last quarter. 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.
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