<div id="readability-page-1"><p><span>IMAX (NYSE:IMAX - Get Free Report)</span> was downgraded by investment analysts at Wall Street Zen from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a research note issued to investors on Saturday.</p><ul><li>Box Office Revival: 3 Movie Theater Stocks Making a Comeback </li></ul><p>A number of other research firms have also recently weighed in on IMAX. Benchmark increased their price objective on shares of IMAX from $40.00 to $42.00 and gave the stock a &#34;buy&#34; rating in a report on Monday. Wells Fargo &amp; Company increased their price objective on IMAX from $34.00 to $40.00 and gave the stock an &#34;overweight&#34; rating in a report on Friday, October 24th. B. Riley  reiterated a &#34;buy&#34; rating on shares of IMAX in a research report on Monday. Rosenblatt Securities increased their target price on shares of IMAX from $42.00 to $47.00 and gave the company a &#34;buy&#34; rating in a research report on Monday, December 8th. Finally, Wedbush lifted their price target on IMAX from $39.00 to $46.00 and gave the company an &#34;outperform&#34; rating in a research report on Monday, December 8th. Nine research analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $39.30.</p><p><b>Check Out Our Latest Stock Analysis on IMAX</b></p><h2>IMAX Price Performance</h2><ul><li>Big Screen Stock Soars on Blockbuster Q2 Earnings</li></ul><p>Shares of IMAX opened at $38.13 on Friday. IMAX has a 12-month low of $20.48 and a 12-month high of $38.89. The business's fifty day moving average price is $34.33 and its 200 day moving average price is $30.46. The stock has a market capitalization of $2.05 billion, a PE ratio of 53.70, a price-to-earnings-growth ratio of 2.33 and a beta of 0.41. </p><p>IMAX (NYSE:IMAX - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The business had revenue of $106.65 million during the quarter, compared to analyst estimates of $102.88 million. IMAX had a net margin of 10.47% and a return on equity of 9.91%. The company's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS.  As a group, research analysts anticipate that  IMAX will post 0.91 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at IMAX</h2><ul><li>AMC Entertainment: Time to Take Step Back Into This Meme Stock?</li></ul><p>In other IMAX news, VP Robert D. Lister sold 50,143 shares of the business's stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $34.67, for a total transaction of $1,738,457.81. Following the sale, the vice president owned 161,421 shares in the company, valued at approximately $5,596,466.07. The trade was a 23.70% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. Also, EVP Giovanni M. Dolci sold 6,188 shares of the company's stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $34.25, for a total transaction of $211,939.00. Following the sale, the executive vice president directly owned 33,000 shares of the company's stock, valued at $1,130,250. This represents a 15.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 76,331 shares of company stock valued at $2,606,397. 23.18% of the stock is currently owned by company insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors have recently made changes to their positions in IMAX. JPMorgan Chase &amp; Co. grew its position in  IMAX by 10.9% during the 2nd quarter. JPMorgan Chase &amp; Co. now owns 1,029,602 shares of the company's stock worth $28,788,000 after purchasing an additional 101,048 shares in the last quarter.  Nuveen LLC acquired a new stake in shares of  IMAX in the first quarter worth $4,438,000.  Ameriprise Financial Inc. grew its holdings in shares of  IMAX by 8.3% during the first quarter. Ameriprise Financial Inc. now owns 1,974,068 shares of the company's stock valued at $52,019,000 after buying an additional 150,552 shares in the last quarter.  Northern Trust Corp raised its position in  IMAX by 3.4% during the first quarter. Northern Trust Corp now owns 354,233 shares of the company's stock valued at $9,334,000 after buying an additional 11,588 shares during the period.  Finally, Jane Street Group LLC raised its position in  IMAX by 2,496.9% during the first quarter. Jane Street Group LLC now owns 573,919 shares of the company's stock valued at $15,123,000 after buying an additional 551,819 shares during the period. 93.51% of the stock is owned by hedge funds and other institutional investors. </p><h2>IMAX Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than IMAX</li><li>How to Short Nasdaq: An Easy-to-Follow Guide</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>Natural Gas Prices Continue To Rally, These Stocks Should Benefit</li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlNQVg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlNQVg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in IMAX Right Now?</h2><p>Before you consider IMAX, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IMAX wasn't on the list.</p><p>While IMAX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

IMAX

<p>Wall Street Zen downgraded IMAX from a "strong-buy" to a "buy" rating. Other firms like Benchmark, Wells Fargo, and Rosenblatt Securities have increased their price targets for IMAX, maintaining a "buy" or "outperform" rating. IMAX's stock opened at $38.13, with a 12-month high of $38.89. Recent insider sales were reported, and institutional investors have adjusted their positions in IMAX. The stock has a consensus rating of "Moderate Buy" with a target price of $39.30.</p>

IMAX (NYSE:IMAX) Rating Lowered to "Buy" at Wall Street Zen