Miami International Holdings, Inc. (NYSE:MIAX) Receives $48.00 Average Price Target from Brokerages

Shares of Miami International Holdings, Inc. (NYSE:MIAX) have earned an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $48.00.

Several analysts have recently commented on the stock. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen upgraded shares of Miami International from a “hold” rating to a “buy” rating in a report on Saturday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $59.00 price objective on shares of Miami International in a research report on Thursday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th.

Miami International Price Performance

Shares of Miami International stock opened at $40.93 on Monday. The company has a market capitalization of $3.33 billion and a P/E ratio of 75.80. The stock’s fifty day moving average is $42.29. Miami International has a 12-month low of $28.63 and a 12-month high of $51.38.

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

Insider Activity at Miami International

In other Miami International news, Director Murray Stahl purchased 7,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average cost of $43.38 per share, with a total value of $312,336.00. Following the completion of the transaction, the director owned 4,633,842 shares of the company’s stock, valued at $201,016,065.96. The trade was a 0.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming purchased a new stake in shares of Miami International during the 4th quarter valued at $26,000. National Bank of Canada FI bought a new stake in shares of Miami International during the 3rd quarter worth $29,000. Comerica Bank boosted its holdings in shares of Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after buying an additional 937 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Miami International in the 4th quarter worth about $66,000. Finally, SG Americas Securities LLC bought a new position in Miami International during the fourth quarter valued at about $105,000.

Miami International Company Profile

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.