Miami International Holdings, Inc. (NYSE:MIAX) Receives $47.20 Consensus PT from Analysts

Shares of Miami International Holdings, Inc. (NYSE:MIAX) have been given an average rating of “Moderate Buy” by the nine brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $47.20.

A number of research firms have commented on MIAX. Morgan Stanley increased their target price on Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Rosenblatt Securities restated a “buy” rating and set a $55.00 price objective on shares of Miami International in a report on Tuesday, December 9th. Raymond James Financial started coverage on shares of Miami International in a report on Monday, September 8th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th.

Miami International Stock Up 0.2%

Shares of NYSE MIAX opened at $47.37 on Wednesday. Miami International has a 1-year low of $28.63 and a 1-year high of $51.38. The business has a 50-day moving average of $44.86.

Miami International (NYSE:MIAX) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.12. Miami International’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. bought a new position in Miami International during the 3rd quarter worth about $55,660,000. Alyeska Investment Group L.P. bought a new position in shares of Miami International during the third quarter worth about $50,959,000. JPMorgan Chase & Co. acquired a new stake in Miami International in the 3rd quarter valued at approximately $32,679,000. North Reef Capital Management LP bought a new stake in Miami International in the 3rd quarter valued at approximately $29,221,000. Finally, Caldwell Investment Management Ltd. acquired a new position in Miami International during the 3rd quarter worth approximately $27,056,000.

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.