Miami International (NYSE:MIAX) Upgraded at Zacks Research

Zacks Research upgraded shares of Miami International (NYSE:MIAX) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

MIAX has been the subject of several other reports. Morgan Stanley raised their target price on shares of Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Raymond James Financial assumed coverage on Miami International in a research report on Monday, September 8th. They set a “market perform” rating on the stock. Piper Sandler raised their price target on Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Keefe, Bruyette & Woods upped their price objective on shares of Miami International from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Finally, Wall Street Zen raised shares of Miami International to a “hold” rating in a research report on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.20.

Miami International Price Performance

Shares of MIAX opened at $50.95 on Monday. The firm’s 50-day moving average is $41.99. Miami International has a 1-year low of $28.63 and a 1-year high of $51.38.

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

Insider Buying and Selling at Miami International

In related news, Director Murray Stahl acquired 34,470 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was acquired at an average price of $36.10 per share, with a total value of $1,244,367.00. Following the acquisition, the director directly owned 4,557,919 shares in the company, valued at $164,540,875.90. This represents a 0.76% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders bought 34,476 shares of company stock worth $1,244,618.

Hedge Funds Weigh In On Miami International

A number of large investors have recently bought and sold shares of MIAX. Emerald Mutual Fund Advisers Trust purchased a new position in Miami International during the third quarter worth approximately $101,000. Texas Yale Capital Corp. purchased a new stake in shares of Miami International in the third quarter valued at approximately $201,000. Caprock Group LLC purchased a new stake in shares of Miami International in the third quarter valued at approximately $376,000. Readystate Asset Management LP acquired a new position in shares of Miami International during the 3rd quarter worth approximately $503,000. Finally, Atlas Wealth Partners LLC purchased a new position in shares of Miami International during the 3rd quarter valued at approximately $881,000.

About Miami International

We are a technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies. Our MIAX Exchanges, MIAX Futures and BSX marketplaces are enabled by our in-house built, proprietary technology. We believe the speed and performance of our proprietary technology coupled with our fully integrated, award-winning customer service, sets us apart from our competitors.