Miami International Holdings, Inc. (NYSE:MIAX) Receives $51.20 Consensus Target Price from Analysts

Shares of Miami International Holdings, Inc. (NYSE:MIAX) have received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $51.20.

Several equities analysts have weighed in on MIAX shares. Zacks Research raised Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Rosenblatt Securities raised their price target on Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Keefe, Bruyette & Woods raised their price target on Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th.

Insider Buying and Selling at Miami International

In other news, Director Kurt M. Eckert sold 5,250 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $42.76, for a total transaction of $224,490.00. Following the sale, the director owned 142,375 shares in the company, valued at $6,087,955. This trade represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cynthia Schwarzkopf sold 19,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $41.73, for a total value of $813,735.00. Following the sale, the director owned 81,308 shares in the company, valued at $3,392,982.84. This trade represents a 19.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 821,871 shares of company stock valued at $36,021,919. 15.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Miami International

Several hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Miami International by 24.5% during 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 purchasing an additional 595,096 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Miami International by 39.5% during the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock worth $85,577,000 after purchasing an additional 545,770 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in shares of Miami International by 31.6% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock worth $80,763,000 after purchasing an additional 437,395 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Miami International by 1.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,286,086 shares of the company’s stock worth $57,076,000 after purchasing an additional 20,350 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Miami International by 178.8% during the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock worth $56,761,000 after purchasing an additional 820,246 shares during the last quarter.

Miami International Stock Performance

Miami International stock opened at $43.24 on Wednesday. The stock has a fifty day moving average of $46.25 and a two-hundred day moving average of $43.72. The company has a market capitalization of $4.10 billion and a price-to-earnings ratio of 45.04. Miami International has a fifty-two week low of $28.63 and a fifty-two week high of $57.14.

Miami International (NYSE:MIAX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $369.69 million for the quarter, compared to analysts’ expectations of $122.74 million. The business’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. On average, analysts forecast that Miami International will post 1.53 EPS for the current fiscal year.

Miami International Company Profile

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.