Rosenblatt Securities Reiterates Buy Rating for Miami International (NYSE:MIAX)

Miami International (NYSE:MIAX)‘s stock had its “buy” rating reissued by research analysts at Rosenblatt Securities in a research report issued on Thursday,Benzinga reports. They presently have a $59.00 price target on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 44.15% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Miami International currently has an average rating of “Hold” and an average price target of $48.00.

Miami International Trading Down 3.4%

NYSE MIAX opened at $40.93 on Thursday. Miami International has a fifty-two week low of $28.63 and a fifty-two week high of $51.38. The firm’s 50 day moving average is $42.29. The company has a market cap of $3.33 billion and a P/E ratio of 75.80.

Miami International (NYSE:MIAX) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $369.43 million for the quarter, compared to analysts’ expectations of $121.13 million. Miami International’s revenue was up 14.0% on a year-over-year basis.

Insider Buying and Selling

In other Miami International news, Director Murray Stahl sold 121,054 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $40.92, for a total value of $4,953,529.68. Following the transaction, the director owned 4,689,466 shares in the company, valued at approximately $191,892,948.72. This trade represents a 2.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mad River Investors increased its holdings in shares of Miami International by 0.6% in the fourth quarter. Mad River Investors now owns 75,050 shares of the company’s stock valued at $3,331,000 after purchasing an additional 450 shares during the last quarter. State of Wyoming acquired a new position in shares of Miami International during the 4th quarter valued at about $26,000. National Bank of Canada FI purchased a new position in Miami International during the third quarter worth about $29,000. First Trust Advisors LP grew its stake in shares of Miami International by 3.5% in the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock valued at $962,000 after buying an additional 733 shares during the period. Finally, Coastal Bridge Advisors LLC boosted its position in shares of Miami International by 1.1% during the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock worth $3,436,000 after purchasing an additional 850 shares during the period.

About Miami International

Miami International (NYSE:MIAX) is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.

Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.