Miami International Holdings, Inc. (NYSE:MIAX) Receives Consensus Rating of “Hold” from Brokerages

Miami International Holdings, Inc. (NYSE:MIAX) has been given an average rating of “Hold” by the nine brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $47.20.

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Miami International from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Rosenblatt Securities restated a “buy” rating and set a $55.00 price objective on shares of Miami International in a research note on Tuesday, December 9th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Morgan Stanley increased their target price 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. Finally, Piper Sandler boosted their price target on shares of Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th.

Miami International Trading Down 1.0%

NYSE:MIAX opened at $42.35 on Friday. The stock’s 50-day simple moving average is $45.37. The company has a market capitalization of $3.45 billion and a P/E ratio of 2,117.55. Miami International has a one year low of $28.63 and a one year 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 for the quarter, beating the consensus estimate of $0.30 by $0.12. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share.

Hedge Funds Weigh In On Miami International

Several institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in Miami International during the third quarter worth $17,684,000. Caldwell Investment Management Ltd. purchased a new stake in shares of Miami International during the 3rd quarter valued at $27,056,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Miami International during the 3rd quarter valued at $101,000. Atlas Wealth Partners LLC bought a new stake in shares of Miami International during the 3rd quarter worth $881,000. Finally, Federated Hermes Inc. purchased a new position in shares of Miami International in the 3rd quarter worth about $10,065,000.

About Miami International

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.