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 nine ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $47.20.

A number of equities analysts have commented on the stock. Piper Sandler lifted their price objective on shares of Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Miami International in a research note on Monday. Keefe, Bruyette & Woods upped their price target on shares of Miami International from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. William Blair began coverage on shares of Miami International in a report on Monday, September 8th. They issued an “outperform” rating on the stock. Finally, Wall Street Zen upgraded Miami International from a “hold” rating to a “buy” rating in a report on Saturday, November 15th.

Miami International Stock Down 0.5%

Shares of Miami International stock traded down $0.25 on Friday, reaching $45.61. 267,035 shares of the company were exchanged, compared to its average volume of 544,923. Miami International has a one year low of $28.63 and a one year high of $51.38. The firm’s 50-day moving average is $43.99.

Miami International (NYSE:MIAX) last issued its earnings results on Wednesday, November 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue was up 57.4% on a year-over-year basis.

Institutional Investors Weigh In On Miami International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of Miami International in the third quarter valued at about $55,660,000. Alyeska Investment Group L.P. acquired a new position in shares of Miami International during the 3rd quarter worth approximately $50,959,000. JPMorgan Chase & Co. bought a new position in shares of Miami International during the third quarter worth approximately $32,679,000. North Reef Capital Management LP acquired a new stake in shares of Miami International in the third quarter valued at approximately $29,221,000. Finally, Caldwell Investment Management Ltd. bought a new stake in shares of Miami International in the third quarter valued at approximately $27,056,000.

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.