Analysts Set Miami International Holdings, Inc. (NYSE:MIAX) PT at $42.40

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

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Miami International to a “hold” rating in a research 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 price objective on the stock. Keefe, Bruyette & Woods assumed coverage on Miami International in a research report on Monday, September 8th. They set a “market perform” rating and a $37.00 price objective on the stock. Rosenblatt Securities assumed coverage on Miami International in a research report on Monday, September 8th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Piper Sandler set a $48.00 price objective on Miami International and gave the company an “overweight” rating in a research report on Tuesday, October 14th.

Insider Transactions at Miami International

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MIAX. Caldwell Investment Management Ltd. acquired a new position in Miami International during the 3rd quarter valued at about $27,056,000. Allspring Global Investments Holdings LLC acquired a new position in Miami International during the 3rd quarter valued at about $17,684,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Miami International during the 3rd quarter valued at about $101,000.

Miami International Price Performance

MIAX opened at $43.99 on Tuesday. Miami International has a 12 month low of $28.63 and a 12 month high of $45.63. The stock has a fifty day moving average of $39.94.

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.