Miami International (NYSE:MIAX) Stock Rating Lowered by Wall Street Zen

Miami International (NYSE:MIAX) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other research firms also recently commented on MIAX. Weiss Ratings restated a “sell (d+)” rating on shares of Miami International in a report on Monday. Morgan Stanley raised their price target on 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 initiated coverage on Miami International in a report on Monday, September 8th. They issued a “market perform” rating for the company. Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. 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. One 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 issued a Sell rating to the company. Based on data from MarketBeat, Miami International currently has an average rating of “Moderate Buy” and an average target price of $47.20.

Miami International Price Performance

Shares of MIAX opened at $44.19 on Friday. Miami International has a 1-year low of $28.63 and a 1-year high of $51.38. The firm’s 50-day moving average is $44.40.

Miami International (NYSE:MIAX) last issued its earnings results on Wednesday, November 5th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. During the same quarter in the previous year, the business earned $0.11 EPS. Miami International’s revenue for the quarter was up 57.4% on a year-over-year basis.

Institutional Trading of Miami International

A number of institutional investors have recently modified their holdings of the company. National Bank of Canada FI purchased a new stake in shares of Miami International during the third quarter valued at $29,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Miami International during the 3rd quarter worth about $101,000. Texas Yale Capital Corp. purchased a new stake in Miami International during the 3rd quarter valued at about $201,000. Sandia Investment Management LP acquired a new position in shares of Miami International in the third quarter valued at about $266,000. Finally, Limestone Investment Advisors LP purchased a new position in shares of Miami International in the third quarter worth about $278,000.

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.