Miami International’s (MIAX) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Miami International (NYSE:MIAX) in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $59.00 target price on the stock.

Other equities analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research note on Friday, March 27th. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Miami International has an average rating of “Hold” and an average target price of $48.00.

Miami International Trading Down 0.8%

Shares of NYSE MIAX opened at $41.30 on Tuesday. The firm has a market cap of $3.79 billion and a PE ratio of 76.48. Miami International has a 1-year low of $28.63 and a 1-year high of $51.38. The company has a fifty day moving average price of $40.48 and a 200 day moving average price of $42.80.

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

Insider Activity

In other Miami International news, EVP Shelly Brown sold 25,932 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $39.33, for a total transaction of $1,019,905.56. Following the sale, the executive vice president directly owned 299,197 shares of the company’s stock, valued at $11,767,418.01. The trade was a 7.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kurt M. Eckert sold 37,917 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $39.00, for a total transaction of $1,478,763.00. Following the sale, the director directly owned 142,375 shares in the company, valued at $5,552,625. This trade represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 235,603 shares of company stock worth $9,467,718.

Institutional Investors Weigh In On Miami International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in Miami International during the 4th quarter worth about $66,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Miami International by 24.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock valued at $134,282,000 after purchasing an additional 595,096 shares during the period. Invesco Ltd. raised its holdings in shares of Miami International by 178.8% in the 4th 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 period. Delta Global Management LP raised its holdings in shares of Miami International by 452.6% in the 4th quarter. Delta Global Management LP now owns 279,029 shares of the company’s stock valued at $12,383,000 after purchasing an additional 228,531 shares during the period. Finally, Coastal Bridge Advisors LLC raised its holdings in shares of Miami International by 1.1% in the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock valued at $3,436,000 after purchasing an additional 850 shares during the period.

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.