iLearningEngines (NASDAQ:AILE) Shares Up 4.3%

iLearningEngines, Inc. (NASDAQ:AILE)’s share price was up 4.3% on Thursday . The stock traded as high as $4.16 and last traded at $4.16. Approximately 18,046 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 208,881 shares. The stock had previously closed at $3.99.

Analyst Upgrades and Downgrades

A number of research firms have commented on AILE. Benchmark restated a “buy” rating and set a $18.00 price target on shares of iLearningEngines in a research note on Monday, August 12th. Northland Securities assumed coverage on iLearningEngines in a report on Wednesday, May 1st. They set an “outperform” rating and a $21.00 target price for the company.

iLearningEngines Trading Down 1.8 %

The business has a fifty day moving average of $7.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company purchased a new stake in shares of iLearningEngines in the 2nd quarter valued at approximately $102,000. Claro Advisors LLC purchased a new position in iLearningEngines in the second quarter valued at $107,000. Squarepoint Ops LLC acquired a new stake in iLearningEngines in the second quarter valued at $123,000. Rhumbline Advisers acquired a new stake in iLearningEngines in the second quarter valued at $217,000. Finally, Bank of New York Mellon Corp purchased a new stake in iLearningEngines during the 2nd quarter worth about $775,000. 32.94% of the stock is currently 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.