Analysts Set Miami International Holdings, Inc. (NYSE:MIAX) Target Price at $40.60

Miami International Holdings, Inc. (NYSE:MIAX) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $40.60.

A number of research analysts have recently weighed in on MIAX shares. Piper Sandler started coverage on Miami International in a research report on Monday, September 8th. They set an “overweight” rating and a $39.00 price objective for the company. Morgan Stanley raised their price target on Miami International from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday. Wall Street Zen raised Miami International to a “hold” rating in a report on Saturday, August 23rd. JPMorgan Chase & Co. assumed coverage on Miami International in a research report on Monday, September 8th. They set a “neutral” rating and a $32.00 target price for the company. Finally, Keefe, Bruyette & Woods started coverage on shares of Miami International in a research report on Monday, September 8th. They issued a “market perform” rating and a $37.00 price target on the stock.

Miami International Trading Up 2.8%

MIAX opened at $42.18 on Friday. Miami International has a fifty-two week low of $28.63 and a fifty-two week high of $42.89.

Insider Activity

In other Miami International news, Director Murray Stahl bought 34,470 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were purchased at an average cost of $36.10 per share, for a total transaction of $1,244,367.00. Following the transaction, the director owned 4,557,919 shares of the company’s stock, valued at $164,540,875.90. This represents a 0.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

About Miami International

We are a technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies. Our MIAX Exchanges, MIAX Futures and BSX marketplaces are enabled by our in-house built, proprietary technology. We believe the speed and performance of our proprietary technology coupled with our fully integrated, award-winning customer service, sets us apart from our competitors.