iLearningEngines (NASDAQ:AILE) Trading Down 4.8%

Shares of iLearningEngines, Inc. (NASDAQ:AILE) were down 4.8% on Monday . The stock traded as low as $8.10 and last traded at $8.18. Approximately 14,190 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 156,866 shares. The stock had previously closed at $8.59.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AILE shares. Northland Securities started coverage on iLearningEngines in a research report on Wednesday, May 1st. They issued an “outperform” rating and a $21.00 price objective for the company. Benchmark reissued a “buy” rating and issued a $18.00 price objective on shares of iLearningEngines in a research report on Friday, May 24th.

iLearningEngines Price Performance

The business’s 50-day moving average price is $7.89.

Institutional Trading of iLearningEngines

An institutional investor recently bought a new position in iLearningEngines stock. Bank of New York Mellon Corp bought a new stake in iLearningEngines, Inc. (NASDAQ:AILE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 85,358 shares of the company’s stock, valued at approximately $775,000. Bank of New York Mellon Corp owned approximately 0.06% of iLearningEngines at the end of the most recent reporting period. 32.94% of the stock is owned by hedge funds and other institutional investors.

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.