Miami International Holdings, Inc.’s Lock-Up Period Set To Expire on February 10th (NYSE:MIAX)

Miami International’s (NYSE:MIAX) lock-up period is set to expire on Tuesday, February 10th. Miami International had issued 15,000,000 shares in its public offering on August 14th. The total size of the offering was $345,000,000 based on an initial share price of $23.00. After the expiration of Miami International’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MIAX shares. Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Morgan Stanley upped their price objective 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. JPMorgan Chase & Co. increased their price objective 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. Finally, Piper Sandler raised their target price on shares of Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $47.20.

Miami International Stock Performance

Shares of MIAX stock opened at $41.75 on Tuesday. Miami International has a twelve month low of $28.63 and a twelve month high of $51.38. The firm’s 50-day moving average price is $44.03. The firm has a market cap of $3.40 billion and a PE ratio of 2,087.50.

Miami International (NYSE:MIAX) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.12. During the same quarter last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis.

Institutional Investors Weigh In On Miami International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI purchased a new stake in Miami International in the third quarter valued at $29,000. Comerica Bank increased its position in shares of Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after purchasing an additional 937 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in Miami International in the 3rd quarter valued at about $101,000. SG Americas Securities LLC purchased a new stake in Miami International in the 4th quarter valued at about $105,000. Finally, Strs Ohio acquired a new position in Miami International in the fourth quarter valued at about $186,000.

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.