Miami International Holdings, Inc. (NYSE:MIAX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Miami International Holdings, Inc. (NYSE:MIAX) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $42.40.

A number of brokerages have recently issued reports on MIAX. Wall Street Zen upgraded Miami International to a “hold” rating in a research note on Saturday, August 23rd. Morgan Stanley upped their price objective on Miami International from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Piper Sandler set a $48.00 price objective on Miami International and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Zacks Research upgraded Miami International to a “hold” rating in a research note on Tuesday, September 9th. Finally, William Blair began coverage on Miami International in a research note on Monday, September 8th. They set an “outperform” rating on the stock.

Miami International Trading Up 2.7%

Shares of Miami International stock opened at $44.38 on Tuesday. Miami International has a 12-month low of $28.63 and a 12-month high of $45.63. The business’s 50 day moving average is $39.72.

Insider Buying and Selling at Miami International

In other Miami International news, Director Murray Stahl bought 34,470 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were acquired at an average cost of $36.10 per share, with a total value of $1,244,367.00. Following the acquisition, the director owned 4,557,919 shares of the company’s stock, valued at $164,540,875.90. The trade was a 0.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders purchased 34,476 shares of company stock worth $1,244,618.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Miami International stock. Caldwell Investment Management Ltd. bought a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 663,810 shares of the company’s stock, valued at approximately $27,056,000. Miami International comprises about 17.8% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 2nd biggest holding. Caldwell Investment Management Ltd. owned about 0.84% of Miami International as of its most recent SEC filing.

Miami International Company Profile

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.