iLearningEngines (NASDAQ:AILE) Stock Rating Reaffirmed by Benchmark

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

iLearningEngines Stock Down 1.5 %

AILE opened at $1.33 on Wednesday. The company has a fifty day moving average of $5.81. The company has a debt-to-equity ratio of 20.27, a quick ratio of 3.40 and a current ratio of 3.40. iLearningEngines has a 12-month low of $0.71 and a 12-month high of $20.00.

iLearningEngines (NASDAQ:AILE) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $135.54 million during the quarter, compared to analyst estimates of $127.00 million. As a group, research analysts predict that iLearningEngines will post -0.08 EPS for the current year.

Institutional Trading of iLearningEngines

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new stake in iLearningEngines during the second quarter valued at $102,000. Squarepoint Ops LLC bought a new stake in iLearningEngines during the second quarter valued at $123,000. Morse Asset Management Inc bought a new stake in iLearningEngines during the second quarter valued at $1,543,000. Rhumbline Advisers bought a new stake in iLearningEngines during the second quarter valued at $217,000. Finally, Claro Advisors LLC bought a new stake in iLearningEngines during the second quarter valued at $107,000. 32.94% of the stock is owned by institutional investors and hedge funds.

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.