Miami International (NYSE:MIAX) Stock Rating Upgraded by Zacks Research

Miami International (NYSE:MIAX) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings started coverage on Miami International in a report on Thursday, November 6th. They issued a “sell (d+)” rating for the company. Morgan Stanley boosted their price target on Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. William Blair initiated coverage on shares of Miami International in a report on Monday, September 8th. They issued an “outperform” rating for the company. Wall Street Zen raised shares of Miami International to a “hold” rating in a report on Saturday, August 23rd. Finally, Raymond James Financial started coverage on shares of Miami International in a research note on Monday, September 8th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

Miami International Stock Up 1.1%

MIAX stock opened at $49.50 on Monday. The stock’s 50 day moving average is $41.68. Miami International has a 1 year low of $28.63 and a 1 year high of $50.38.

Miami International (NYSE:MIAX) last posted 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 in the prior year, the firm posted $0.11 EPS. The firm’s revenue was up 57.4% on a year-over-year basis.

Insider Transactions at Miami International

In other Miami International news, Director Murray Stahl acquired 34,470 shares of the company’s stock in a transaction dated 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 purchase, the director directly owned 4,557,919 shares of the company’s stock, valued at $164,540,875.90. This trade represents a 0.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired a total of 34,476 shares of company stock valued at $1,244,618 in the last quarter.

Hedge Funds Weigh In On Miami International

A number of institutional investors and hedge funds have recently modified their holdings of MIAX. Caprock Group LLC acquired a new stake in Miami International in the third quarter worth $376,000. Readystate Asset Management LP acquired a new stake in shares of Miami International in the 3rd quarter valued at about $503,000. Allspring Global Investments Holdings LLC bought a new stake in Miami International in the 3rd quarter valued at about $17,684,000. Coastal Bridge Advisors LLC bought a new stake in Miami International in the 3rd quarter valued at about $3,083,000. Finally, Texas Yale Capital Corp. acquired a new position in Miami International during the 3rd quarter worth approximately $201,000.

Miami International Company Profile

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.