IMAX (IMAX) – Investment Analysts’ Weekly Ratings Changes

IMAX (NYSE: IMAX) recently received a number of ratings updates from brokerages and research firms:

• 3/3/2025 – IMAX was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 2/21/2025 – IMAX had its price target raised by analysts at JPMorgan Chase & Co. from $25.00 to $27.00. They now have a “neutral” rating on the stock.
• 2/20/2025 – IMAX had its price target raised by analysts at Wells Fargo & Company from $26.00 to $32.00. They now have an “overweight” rating on the stock.
• 2/20/2025 – IMAX had its price target raised by analysts at Macquarie from $28.00 to $30.00. They now have an “outperform” rating on the stock.
• 2/20/2025 – IMAX had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $32.00 price target on the stock.
• 2/20/2025 – IMAX had its price target raised by analysts at Barrington Research from $30.00 to $32.00. They now have an “outperform” rating on the stock.
• 2/20/2025 – IMAX had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $30.00 price target on the stock.
• 2/20/2025 – IMAX had its price target raised by analysts at Rosenblatt Securities from $28.00 to $35.00. They now have a “buy” rating on the stock.
• 2/13/2025 – IMAX was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/12/2025 – IMAX had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $32.00 price target on the stock.
• 2/4/2025 – IMAX was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/30/2025 – IMAX had its price target raised by analysts at JPMorgan Chase & Co. from $21.00 to $25.00. They now have a “neutral” rating on the stock.
• 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.

IMAX Stock Performance

IMAX stock opened at $24.83 on Thursday. IMAX Co. has a fifty-two week low of $14.94 and a fifty-two week high of $27.77. The company has a market cap of $1.32 billion, a PE ratio of 50.66, a PEG ratio of 1.49 and a beta of 1.22. The business’s 50-day simple moving average is $24.75 and its two-hundred day simple moving average is $23.31.

IMAX (NYSE:IMAX) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The company had revenue of $92.67 million for the quarter, compared to analysts’ expectations of $104.08 million. IMAX had a net margin of 7.40% and a return on equity of 8.60%. As a group, analysts predict that IMAX Co. will post 0.91 EPS for the current fiscal year.

Insider Buying and Selling at IMAX

In other news, EVP Robert D. Lister sold 55,910 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $25.50, for a total transaction of $1,425,705.00. Following the transaction, the executive vice president now owns 138,889 shares in the company, valued at $3,541,669.50. This trade represents a 28.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kenneth Ian Weissman sold 6,309 shares of IMAX stock in a transaction on Monday, December 9th. The shares were sold at an average price of $25.51, for a total transaction of $160,942.59. Following the completion of the sale, the insider now directly owns 25,139 shares in the company, valued at $641,295.89. This represents a 20.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,176 shares of company stock valued at $1,662,110. Corporate insiders own 24.08% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FMR LLC lifted its holdings in IMAX by 14.2% in the 4th quarter. FMR LLC now owns 4,508,583 shares of the company’s stock valued at $115,420,000 after purchasing an additional 558,940 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of IMAX by 36.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,823,516 shares of the company’s stock worth $46,671,000 after buying an additional 491,172 shares in the last quarter. Royce & Associates LP lifted its stake in shares of IMAX by 3.1% in the third 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. boosted its position in IMAX by 9.8% during the third quarter. Victory Capital Management Inc. now owns 1,420,592 shares of the company’s stock worth $29,136,000 after acquiring an additional 127,371 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in IMAX by 45.4% during the 4th quarter. Wells Fargo & Company MN now owns 624,510 shares of the company’s stock valued at $15,987,000 after acquiring an additional 194,917 shares in the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

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.