Miami International (NYSE:MIAX) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Miami International (NYSE:MIAX) in a research note issued to investors on Tuesday,Benzinga reports. Rosenblatt Securities currently has a $55.00 price target on the stock.

Several other equities analysts have also commented on the company. Piper Sandler upped their target price on Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Morgan Stanley lifted their price target on shares of Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 1st. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods increased their price objective on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.20.

Miami International Stock Performance

Shares of NYSE MIAX opened at $45.80 on Tuesday. The company has a fifty day moving average of $44.61. Miami International has a 12-month low of $28.63 and a 12-month high of $51.38.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in Miami International during the third quarter worth about $29,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Miami International in the third quarter worth approximately $101,000. Texas Yale Capital Corp. bought a new stake in Miami International during the third quarter valued at $201,000. Sandia Investment Management LP bought a new stake in shares of Miami International in the 3rd quarter valued at $266,000. Finally, Limestone Investment Advisors LP acquired a new stake in shares of Miami International in the 3rd quarter valued at about $278,000.

Miami International Company Profile

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.