IMAX CTO Brian Bonnick Sells 32,500 Shares (IMAX)
IMAX (NASDAQ:IMAX) CTO Brian Bonnick unloaded 32,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $26.75, for a total value of $869,375.00. Following the completion of the transaction, the chief technology officer now directly owns 2,369 shares of the company’s stock, valued at approximately $63,371. The transaction was disclosed in a document filed with the SEC, which is available at this link.
IMAX (NASDAQ:IMAX) traded down 0.04% during mid-day trading on Friday, hitting $26.83. 307,396 shares of the company’s stock traded hands. IMAX has a 52-week low of $24.01 and a 52-week high of $31.23. The stock has a 50-day moving average of $26.83 and a 200-day moving average of $26.. The company has a market cap of $1.836 billion and a P/E ratio of 43.15.
IMAX (NASDAQ:IMAX) last released its earnings data on Thursday, July 24th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.02. The company had revenue of $79.15 million for the quarter, compared to the consensus estimate of $81.10 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts expect that IMAX will post $0.78 EPS for the current fiscal year.
A number of research firms have recently commented on IMAX. Analysts at Benchmark Co. upgraded shares of IMAX from a “hold” rating to a “buy” rating in a research note on Friday, July 25th. Separately, analysts at Dougherty & Co reiterated a “buy” rating on shares of IMAX in a research note on Thursday, July 24th. They now have a $38.00 price target on the stock. Finally, analysts at B. Riley upgraded shares of IMAX from a “neutral” rating to a “buy” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. IMAX currently has a consensus rating of “Buy” and a consensus target price of $30.38.
IMAX Corporation, together with its wholly owned subsidiaries, is an entertainment technology companies, specializing in motion picture technologies and presentations.
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