Miami International (NYSE:MIAX) Rating Lowered to Hold at Wall Street Zen

Miami International (NYSE:MIAX) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other research analysts also recently weighed in on MIAX. Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research note on Monday, December 1st. Morgan Stanley raised their price target on shares of Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. William Blair assumed coverage on shares of Miami International in a report on Monday, September 8th. They set an “outperform” rating for the company. Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Raymond James Financial assumed coverage on shares of Miami International in a research report on Monday, September 8th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.20.

Miami International Stock Performance

MIAX stock opened at $44.19 on Friday. The company has a 50 day moving average of $44.40. Miami International has a 1 year low of $28.63 and a 1 year high of $51.38.

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

Institutional Investors Weigh In On Miami International

A number of institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI purchased a new position in Miami International during the third quarter worth approximately $29,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Miami International during the 3rd quarter valued at $101,000. Texas Yale Capital Corp. acquired a new stake in shares of Miami International during the 3rd quarter worth $201,000. Sandia Investment Management LP purchased a new position in shares of Miami International in the 3rd quarter worth $266,000. Finally, Limestone Investment Advisors LP acquired a new position in Miami International in the third quarter valued at $278,000.

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.