IMAX (NYSE:IMAX) Earns “Outperform” Rating from Wedbush

IMAX (NYSE:IMAX)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a note issued to investors on Wednesday, Marketbeat.com reports. They presently have a $32.00 price target on the stock. Wedbush’s target price indicates a potential upside of 19.30% from the company’s previous close. Wedbush also issued estimates for IMAX’s Q4 2025 earnings at $0.51 EPS.

A number of other analysts also recently weighed in on the company. StockNews.com downgraded IMAX from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of IMAX in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their target price on IMAX from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Rosenblatt Securities reiterated a “buy” rating and set a $28.00 target price on shares of IMAX in a research report on Thursday, January 16th. Finally, Roth Mkm boosted their target price on IMAX from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.63.

IMAX Price Performance

IMAX stock opened at $26.82 on Wednesday. IMAX has a 1-year low of $14.06 and a 1-year high of $26.85. The company has a market cap of $1.41 billion, a PE ratio of 60.96, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. The stock’s 50 day moving average price is $24.53 and its 200 day moving average price is $22.75.

Insider Transactions at IMAX

In related news, EVP Robert D. Lister sold 55,910 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $25.50, for a total value of $1,425,705.00. Following the completion of the transaction, the executive vice president now directly owns 138,889 shares in the company, valued at approximately $3,541,669.50. This represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kenneth Ian Weissman sold 6,309 shares of the company’s stock in a transaction on 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 owns 25,139 shares of the company’s stock, valued at $641,295.89. The trade was a 20.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,176 shares of company stock valued at $1,662,110 over the last three months. 24.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On IMAX

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in IMAX by 138.5% in the fourth quarter. Blue Trust Inc. now owns 966 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares during the last quarter. Huntington National Bank acquired a new position in IMAX in the third quarter valued at $34,000. Quarry LP increased its stake in IMAX by 78,333.3% in the third quarter. Quarry LP now owns 2,353 shares of the company’s stock valued at $48,000 after purchasing an additional 2,350 shares during the last quarter. nVerses Capital LLC acquired a new position in IMAX in the third quarter valued at $70,000. Finally, US Bancorp DE increased its stake in IMAX by 23.4% in the third quarter. US Bancorp DE now owns 7,656 shares of the company’s stock valued at $157,000 after purchasing an additional 1,452 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors and hedge funds.

IMAX Company Profile

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.