Brokerages Set Miami International Holdings, Inc. (NYSE:MIAX) Target Price at $47.60

Miami International Holdings, Inc. (NYSE:MIAX) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $47.60.

A number of analysts have issued reports on the company. Zacks Research raised Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Morgan Stanley raised their target price on Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a report on Friday, March 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $59.00 target price on shares of Miami International in a report on Tuesday, April 7th. Finally, Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a report on Saturday, March 28th.

Insider Transactions at Miami International

In other Miami International news, EVP Edward Deitzel sold 7,572 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $42.02, for a total value of $318,175.44. Following the sale, the executive vice president owned 116,221 shares of the company’s stock, valued at $4,883,606.42. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Shelly Brown sold 16,434 shares of Miami International stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $42.08, for a total value of $691,542.72. Following the sale, the executive vice president directly owned 325,047 shares in the company, valued at $13,677,977.76. The trade was a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 521,321 shares of company stock worth $21,837,057.

Institutional Trading of Miami International

Several institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its holdings in shares of Miami International by 24.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock worth $134,282,000 after purchasing an additional 595,096 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Miami International by 39.5% during the 4th quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock worth $85,577,000 after purchasing an additional 545,770 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in shares of Miami International by 31.6% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock worth $80,763,000 after purchasing an additional 437,395 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Miami International by 1.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company’s stock worth $57,076,000 after purchasing an additional 20,350 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Miami International by 178.8% during the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock worth $56,761,000 after purchasing an additional 820,246 shares in the last quarter.

Miami International Stock Performance

Shares of NYSE MIAX opened at $45.49 on Tuesday. The firm has a market cap of $4.17 billion and a price-to-earnings ratio of 84.24. The business’s 50-day simple moving average is $41.05 and its 200-day simple moving average is $43.02. Miami International has a 52 week low of $28.63 and a 52 week high of $51.38.

Miami International (NYSE:MIAX) last released its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $369.43 million during the quarter, compared to analyst estimates of $121.13 million. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities research analysts forecast that Miami International will post 1.41 earnings per share for the current year.

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.