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

Miami International Holdings, Inc. (NYSE:MIAX) has received a consensus rating of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $47.20.

Several brokerages have recently issued reports on MIAX. Morgan Stanley lifted their price target on Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Piper Sandler raised their price objective on Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. upped their target price on Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th.

Miami International Price Performance

MIAX stock opened at $41.83 on Friday. The stock’s 50-day moving average is $45.25. The company has a market cap of $3.41 billion and a P/E ratio of 2,091.35. Miami International has a 52 week low of $28.63 and a 52 week high of $51.38.

Miami International (NYSE:MIAX) last posted its quarterly earnings data 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. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Miami International’s revenue for the quarter was up 57.4% compared to the same quarter last year.

Institutional Trading of Miami International

Several hedge funds and other institutional investors have recently modified their holdings of MIAX. National Bank of Canada FI acquired a new stake in Miami International during the third quarter valued at $29,000. SG Americas Securities LLC acquired a new stake in shares of Miami International during the 4th quarter valued at about $105,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Miami International in the 3rd quarter valued at approximately $101,000. Texas Yale Capital Corp. bought a new position in Miami International during the third quarter valued at approximately $201,000. Finally, Sandia Investment Management LP acquired a new stake in Miami International in the third quarter valued at approximately $266,000.

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.