Miami International (NYSE:MIAX) Given New $59.00 Price Target at Rosenblatt Securities

Miami International (NYSE:MIAX) had its price objective raised by Rosenblatt Securities from $55.00 to $59.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently weighed in on MIAX. Morgan Stanley boosted their target price on Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Keefe, Bruyette & Woods raised their price target on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. upped 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. Piper Sandler increased their price objective on shares of Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Finally, Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.00.

Miami International Stock Performance

Shares of Miami International stock opened at $41.74 on Thursday. The stock has a market cap of $3.40 billion and a P/E ratio of 2,087.00. The stock has a 50 day moving average price of $42.82. Miami International has a 52-week low of $28.63 and a 52-week high of $51.38.

Miami International (NYSE:MIAX) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to analyst estimates of $121.13 million. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year.

Institutional Trading of Miami International

Several institutional investors and hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its stake in shares of Miami International by 24.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock worth $134,282,000 after acquiring an additional 595,096 shares during the period. Invesco Ltd. boosted its holdings in Miami International by 178.8% in the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after purchasing an additional 820,246 shares during the last quarter. Delta Global Management LP grew its position in Miami International by 452.6% during the 4th quarter. Delta Global Management LP now owns 279,029 shares of the company’s stock worth $12,383,000 after purchasing an additional 228,531 shares during the period. Coastal Bridge Advisors LLC raised its stake in shares of Miami International by 1.1% during the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock valued at $3,436,000 after buying an additional 850 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Miami International during the 4th quarter valued at about $1,704,000.

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.