Miami International (NYSE:MIAX) Hits New 1-Year High After Analyst Upgrade

Miami International Holdings, Inc. (NYSE:MIAX) reached a new 52-week high during mid-day trading on Friday after Keefe, Bruyette & Woods raised their price target on the stock from $40.00 to $48.00. Keefe, Bruyette & Woods currently has a market perform rating on the stock. Miami International traded as high as $51.97 and last traded at $51.8950, with a volume of 915916 shares. The stock had previously closed at $49.77.

Several other research analysts also recently weighed in on MIAX. Morgan Stanley lifted their target price on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Rosenblatt Securities lifted their price target on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. increased their price objective on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.20.

Insider Buying and Selling

In related news, EVP Edward Deitzel sold 11,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $47.28, for a total transaction of $520,080.00. Following the completion of the sale, the executive vice president directly owned 116,221 shares in the company, valued at approximately $5,494,928.88. This trade represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Thomas P. Gallagher sold 54,229 shares of Miami International stock in a transaction on Monday, May 4th. The shares were sold at an average price of $47.26, for a total value of $2,562,862.54. Following the sale, the chief executive officer directly owned 1,723,275 shares of the company’s stock, valued at approximately $81,441,976.50. The trade was a 3.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 687,175 shares of company stock worth $29,675,666.

Miami International News Roundup

Here are the key news stories impacting Miami International this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS $0.42 vs. $0.36 consensus, net revenue up ~40% year-over-year, adjusted EBITDA up 66% with a 51% margin, and management reaffirmed full?year expense guidance. These fundamentals are a primary driver of the rally. PR Newswire Q1 Release
• Positive Sentiment: Trading momentum: MIAX reported a 23.9% increase in multi?listed options ADV YTD in April, supporting revenue growth and market-share gains. April Trading Results
• Positive Sentiment: Rosenblatt raised its price target to $61 and maintains a Buy rating, signaling analyst confidence and implying meaningful upside versus the prior price level. Rosenblatt PT to $61
• Neutral Sentiment: Full Q1 earnings transcript and call are available for deeper diligence — useful for verifying drivers behind revenue and margin beats. Earnings Transcript
• Neutral Sentiment: Analyst adjustments are mixed: JPMorgan bumped its target to $45 with a Neutral rating, and Keefe, Bruyette & Woods raised its target to $48 with Market Perform — both targets still sit below the current market level, reflecting cautious near?term sentiment. Benzinga Coverage
• Negative Sentiment: Insider selling: filings show Thomas Gallagher sold 54,229 shares and Douglas Schafer Jr. sold 48,000 shares recently, which can be interpreted as a negative signal by some investors. Insider Sale – Gallagher
• Negative Sentiment: Valuation looks rich: MIAX carries a high P/E (~96 reported) after the move higher, and several analyst targets remain below today’s price — leaving limited margin of safety for some investors. (See analyst notes above.)

Institutional Investors Weigh In On Miami International

Several large investors have recently made changes to their positions in MIAX. State of Wyoming acquired a new position in Miami International in the fourth quarter worth approximately $26,000. National Bank of Canada FI bought a new stake in Miami International in the third quarter worth approximately $29,000. Comerica Bank grew its position in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after acquiring an additional 937 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Miami International during the 1st quarter worth $61,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Miami International during the 4th quarter valued at $66,000.

Miami International Trading Up 4.3%

The business’s fifty day moving average price is $42.13 and its two-hundred day moving average price is $43.25. The firm has a market cap of $4.92 billion and a P/E ratio of 96.15.

Miami International (NYSE:MIAX) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $369.69 million for the quarter, compared to analyst estimates of $122.74 million. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. Research analysts predict that Miami International Holdings, Inc. will post 1.45 EPS for the current fiscal year.

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.