Miami International Holdings, Inc. (NYSE:MIAX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Miami International Holdings, Inc. (NYSE:MIAX) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $47.20.

Several research analysts recently weighed in on MIAX shares. Rosenblatt Securities lifted their price target on Miami International from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Morgan Stanley lifted their target price on shares of Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Piper Sandler boosted their target price on shares of Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Wall Street Zen upgraded shares of Miami International from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Raymond James Financial began coverage on shares of Miami International in a research report on Monday, September 8th. They issued a “market perform” rating for the company.

Institutional Trading of Miami International

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Miami International in the third quarter valued at approximately $17,684,000. Caldwell Investment Management Ltd. acquired a new stake in Miami International in the 3rd quarter valued at $27,056,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Miami International in the 3rd quarter worth $101,000. Atlas Wealth Partners LLC acquired a new position in Miami International during the third quarter worth $881,000. Finally, Federated Hermes Inc. purchased a new position in Miami International during the third quarter valued at $10,065,000.

Miami International Stock Performance

NYSE:MIAX opened at $45.91 on Friday. The firm has a fifty day simple moving average of $43.70. Miami International has a one year low of $28.63 and a one year high of $51.38.

Miami International (NYSE:MIAX) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS.

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.