IMAX (NYSE:IMAX) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of IMAX (NYSE:IMAX) in a research report released on Monday,Benzinga reports. Rosenblatt Securities currently has a $47.00 price target on the stock.

Several other research analysts also recently weighed in on IMAX. JPMorgan Chase & Co. lifted their target price on IMAX from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Benchmark lifted their target price on IMAX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of IMAX in a research note on Monday, December 29th. Wedbush reiterated an “outperform” rating and issued a $46.00 target price on shares of IMAX in a research note on Monday, February 23rd. Finally, Seaport Research Partners raised their price target on IMAX from $43.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.70.

IMAX Trading Up 2.5%

Shares of IMAX stock opened at $35.96 on Monday. The business’s 50 day moving average is $38.21 and its two-hundred day moving average is $36.23. IMAX has a twelve month low of $21.86 and a twelve month high of $43.16. The company has a market capitalization of $1.94 billion, a P/E ratio of 57.99, a price-to-earnings-growth ratio of 1.60 and a beta of 0.41.

IMAX (NYSE:IMAX) last announced its earnings results on Wednesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.15. IMAX had a return on equity of 13.53% and a net margin of 8.50%.The company had revenue of $125.21 million for the quarter, compared to the consensus estimate of $120.30 million. During the same period last year, the business posted $0.27 EPS. The company’s revenue was up 35.1% on a year-over-year basis. As a group, equities analysts predict that IMAX will post 1.31 earnings per share for the current fiscal year.

Insider Activity at IMAX

In other news, insider Kevin Douglas sold 330,200 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $37.82, for a total value of $12,488,164.00. Following the completion of the sale, the insider directly owned 3,657,450 shares of the company’s stock, valued at $138,324,759. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard L. Gelfond sold 34,182 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $37.06, for a total value of $1,266,784.92. Following the completion of the sale, the chief executive officer directly owned 765,002 shares of the company’s stock, valued at $28,350,974.12. This represents a 4.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,045,341 shares of company stock valued at $39,728,689 over the last three months. Insiders own 24.08% of the company’s stock.

Hedge Funds Weigh In On IMAX

Hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC purchased a new position in IMAX in the 3rd quarter valued at approximately $27,000. Quarry LP increased its stake in IMAX by 166.8% in the 4th quarter. Quarry LP now owns 875 shares of the company’s stock valued at $32,000 after purchasing an additional 547 shares in the last quarter. Jones Financial Companies Lllp increased its stake in IMAX by 43.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company’s stock valued at $34,000 after purchasing an additional 317 shares in the last quarter. First Horizon Corp purchased a new position in IMAX in the 3rd quarter valued at approximately $34,000. Finally, Clearstead Advisors LLC purchased a new position in IMAX in the 3rd quarter valued at approximately $35,000. 93.51% of the stock is owned by hedge funds and other institutional investors.

More IMAX News

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: A boutique studio announced a major IMAX pickup: A24 will release Alex Garland’s film adaptation of the videogame Elden Ring in IMAX in 2028 — a high‑profile, franchise‑driven title that can drive box‑office demand and premium screen bookings for IMAX. A24 sets ‘Elden Ring’ from Alex Garland for 2028 in IMAX – full cast
• Positive Sentiment: Sell‑side support: Rosenblatt reaffirmed a “buy” on IMAX with a $47 price target, signaling analyst confidence in upside against current levels. Benzinga
• Positive Sentiment: Industry / tech relevance: Directors are using tools like Apple Vision Pro to preview films in IMAX formats, highlighting IMAX’s role in production workflows and continued relevance to filmmakers and high‑quality releases. The Mandalorian and Grogu director used Apple Vision Pro to preview the film in IMAX
• Neutral Sentiment: Sector mention: A Zacks roundup lists IMAX among film & television production names to watch amid mixed industry trends — a sign that IMAX is still on analysts’ radar but not proof of immediate upside. 4 Film & Television Production Stocks to Watch Amid Dull Industry Trends
• Negative Sentiment: Competitive risk: Disney is rolling out its own giant‑screen format (Infinity Vision) and has fought for premium screen allocations on tentpole releases — a potential long‑term headwind if studios divert premium runs away from IMAX. Disney’s answer to IMAX hopes to take cinemagoers to Infinity (and beyond)
• Negative Sentiment: Insider selling: CEO Richard Gelfond sold shares on April 16–17 under a pre‑arranged Rule 10b5‑1 plan (total disclosed sales ~75,919 shares at ~\$37/share across the two filings). While executed under a plan, insider selling can weigh on sentiment. SEC filing

IMAX Company Profile

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.