IMAX (NYSE:IMAX) Price Target Raised to $39.00

IMAX (NYSE:IMAX) had its price target boosted by Wedbush from $35.00 to $39.00 in a research report released on Monday, MarketBeat Ratings reports. Wedbush currently has an outperform rating on the stock. Wedbush also issued estimates for IMAX’s Q1 2026 earnings at $0.20 EPS and Q4 2026 earnings at $0.53 EPS.

A number of other analysts have also recently weighed in on the company. Roth Capital reaffirmed a “buy” rating and set a $36.00 price objective on shares of IMAX in a research report on Wednesday, July 9th. Wall Street Zen cut IMAX from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. Rosenblatt Securities raised their price target on IMAX from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, July 25th. Benchmark raised their price target on IMAX from $30.00 to $32.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group reissued a “sell” rating on shares of IMAX in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.70.

IMAX Trading Down 1.0%

IMAX stock opened at $32.31 on Monday. IMAX has a twelve month low of $19.19 and a twelve month high of $33.06. The stock has a 50 day moving average of $28.28 and a two-hundred day moving average of $26.79. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 53.85, a PEG ratio of 2.21 and a beta of 0.68.

IMAX (NYSE:IMAX) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. IMAX had a return on equity of 8.62% and a net margin of 9.04%.The company had revenue of $91.68 million during the quarter, compared to analysts’ expectations of $93.04 million. During the same period last year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts predict that IMAX will post 0.91 earnings per share for the current year.

IMAX declared that its board has authorized a stock repurchase plan on Thursday, June 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at IMAX

In related news, insider Kenneth Ian Weissman sold 15,072 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $25.65, for a total value of $386,596.80. Following the completion of the transaction, the insider directly owned 26,133 shares of the company’s stock, valued at $670,311.45. This trade represents a 36.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert D. Lister sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $32.80, for a total value of $656,000.00. Following the completion of the transaction, the vice president directly owned 161,421 shares of the company’s stock, valued at $5,294,608.80. The trade was a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.18% of the company’s stock.

Hedge Funds Weigh In On IMAX

Several hedge funds have recently bought and sold shares of the company. Caxton Associates LLP purchased a new position in IMAX in the 2nd quarter valued at approximately $228,000. Tower Research Capital LLC TRC increased its position in IMAX by 194.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,148 shares of the company’s stock worth $116,000 after buying an additional 2,740 shares in the last quarter. Orbis Allan Gray Ltd increased its position in IMAX by 31.7% during the second quarter. Orbis Allan Gray Ltd now owns 5,113,033 shares of the company’s stock worth $142,960,000 after buying an additional 1,230,267 shares in the last quarter. HRT Financial LP increased its position in IMAX by 145.5% during the second quarter. HRT Financial LP now owns 103,271 shares of the company’s stock worth $2,887,000 after buying an additional 61,200 shares in the last quarter. Finally, Engineers Gate Manager LP increased its position in IMAX by 152.3% during the second quarter. Engineers Gate Manager LP now owns 20,491 shares of the company’s stock worth $573,000 after buying an additional 12,369 shares in the last quarter. 93.51% of the stock is 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.