Miami International Holdings, Inc. (NYSE:MIAX) Receives $47.20 Consensus Price Target from Brokerages

Shares of Miami International Holdings, Inc. (NYSE:MIAX) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $47.20.

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. 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 raised their price target on shares of Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, 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 research note on Tuesday, November 4th.

Institutional Inflows and Outflows

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

Miami International Stock Up 1.3%

MIAX opened at $42.28 on Thursday. The firm has a market cap of $3.44 billion and a price-to-earnings ratio of 2,114.00. Miami International has a fifty-two week low of $28.63 and a fifty-two week high of $51.38. The stock has a 50-day simple moving average of $43.71.

Miami International (NYSE:MIAX) last issued its quarterly earnings data 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 period in the prior year, the business earned $0.11 EPS. The company’s revenue was up 57.4% on a year-over-year basis.

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.