Recent Investment Analysts’ Ratings Updates for IMAX (IMAX)

Several analysts have recently updated their ratings and price targets for IMAX (NYSE: IMAX):

• 1/22/2025 – IMAX was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/17/2025 – IMAX had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $32.00 price target on the stock.
• 1/17/2025 – IMAX had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $30.00 price target on the stock.
• 1/16/2025 – IMAX had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $28.00 price target on the stock.
• 1/14/2025 – IMAX was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/10/2025 – IMAX had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $30.00 price target on the stock.
• 1/10/2025 – IMAX had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $30.00 price target on the stock.
• 1/2/2025 – IMAX was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/24/2024 – IMAX was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/13/2024 – IMAX had its price target raised by analysts at Benchmark Co. from $27.00 to $30.00. They now have a “buy” rating on the stock.
• 12/10/2024 – IMAX was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/29/2024 – IMAX was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/27/2024 – IMAX had its “outperform” rating reaffirmed by analysts at Wedbush.

IMAX Price Performance

Shares of NYSE:IMAX opened at $23.74 on Friday. IMAX Co. has a 1-year low of $13.20 and a 1-year high of $26.84. The stock has a market cap of $1.25 billion, a P/E ratio of 53.95, a P/E/G ratio of 1.28 and a beta of 1.24. The firm has a fifty day moving average price of $24.79 and a 200 day moving average price of $22.02.

IMAX (NYSE:IMAX) last announced its earnings results on Wednesday, October 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.12. The business had revenue of $91.50 million during the quarter, compared to the consensus estimate of $93.71 million. IMAX had a net margin of 6.74% and a return on equity of 7.53%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Sell-side analysts expect that IMAX Co. will post 0.75 EPS for the current fiscal year.

Insider Activity

In other IMAX news, insider Kenneth Ian Weissman sold 6,309 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.51, for a total value of $160,942.59. Following the completion of the transaction, the insider now directly owns 25,139 shares of the company’s stock, valued at approximately $641,295.89. This trade represents a 20.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Natasha Fernandes sold 2,957 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $25.52, for a total value of $75,462.64. Following the sale, the chief financial officer now directly owns 14,883 shares in the company, valued at $379,814.16. This trade represents a 16.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,176 shares of company stock valued at $1,662,110 over the last quarter. Corporate insiders own 24.08% of the company’s stock.

Hedge Funds Weigh In On IMAX

Several hedge funds and other institutional investors have recently bought and sold shares of IMAX. FMR LLC grew its holdings in IMAX by 108.4% in the third quarter. FMR LLC now owns 3,949,643 shares of the company’s stock valued at $81,007,000 after purchasing an additional 2,054,031 shares during the last quarter. Royce & Associates LP boosted its position in shares of IMAX by 3.1% in the 3rd quarter. Royce & Associates LP now owns 1,822,616 shares of the company’s stock worth $37,382,000 after buying an additional 54,850 shares in the last quarter. Victory Capital Management Inc. grew its stake in IMAX by 9.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,420,592 shares of the company’s stock valued at $29,136,000 after acquiring an additional 127,371 shares during the last quarter. Mizuho Markets Americas LLC increased its holdings in IMAX by 47.5% during the 3rd quarter. Mizuho Markets Americas LLC now owns 387,689 shares of the company’s stock valued at $7,952,000 after acquiring an additional 124,811 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in IMAX during the third quarter worth about $6,322,000. 93.51% of the stock is owned by institutional investors and hedge funds.

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.