Wedbush Reaffirms “Outperform” Rating for IMAX (NYSE:IMAX)

IMAX (NYSE:IMAX)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a research report issued on Wednesday, Marketbeat Ratings reports. They currently have a $32.00 price target on the stock. Wedbush’s target price suggests 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.

Other equities research analysts have also issued research reports about the company. StockNews.com lowered IMAX from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $28.00 price target on shares of IMAX in a research report on Thursday, January 16th. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price target on shares of IMAX in a research report on Friday, January 10th. Benchmark reissued a “buy” rating and set a $30.00 target price on shares of IMAX in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised 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. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.63.

IMAX Price Performance

IMAX stock opened at $26.82 on Wednesday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 60.96, a P/E/G ratio of 1.40 and a beta of 1.22. The business’s 50-day moving average is $24.53 and its two-hundred day moving average is $22.75. IMAX has a 1 year low of $14.06 and a 1 year high of $26.85.

Insiders Place Their Bets

In other IMAX news, insider Kenneth Ian Weissman sold 6,309 shares of IMAX stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $25.51, for a total transaction of $160,942.59. Following 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Robert D. Lister sold 55,910 shares of IMAX stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 138,889 shares in the company, valued at approximately $3,541,669.50. This trade represents a 28.70 % 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. Company insiders own 24.08% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IMAX. nVerses Capital LLC purchased a new position in shares of IMAX in the 3rd quarter valued at approximately $70,000. US Bancorp DE grew its stake in shares of IMAX by 23.4% in the 3rd 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. Victory Capital Management Inc. grew its stake in shares of 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 purchasing an additional 127,371 shares during the last quarter. Huntington National Bank purchased a new position in shares of IMAX in the 3rd quarter valued at approximately $34,000. Finally, Royce & Associates LP grew its stake 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 valued at $37,382,000 after purchasing an additional 54,850 shares during the last quarter. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

About IMAX

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.