iLearningEngines (NASDAQ:AILE) Trading 6.8% Higher

iLearningEngines, Inc. (NASDAQ:AILE) traded up 6.8% during mid-day trading on Tuesday . The stock traded as high as $7.05 and last traded at $7.05. 13,343 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 155,922 shares. The stock had previously closed at $6.60.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Northland Securities assumed coverage on iLearningEngines in a report on Wednesday, May 1st. They issued an “outperform” rating and a $21.00 price target for the company. Benchmark reiterated a “buy” rating and issued a $18.00 price target on shares of iLearningEngines in a report on Friday, May 24th.

iLearningEngines Stock Performance

The business’s 50-day moving average price is $8.10.

Hedge Funds Weigh In On iLearningEngines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AILE. Claro Advisors LLC bought a new position in shares of iLearningEngines during the second quarter worth about $107,000. Rhumbline Advisers bought a new position in shares of iLearningEngines during the second quarter worth about $217,000. Finally, Bank of New York Mellon Corp bought a new position in shares of iLearningEngines during the second quarter worth about $775,000. 32.94% of the stock is owned by hedge funds and other institutional investors.

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.