Miami International’s (MIAX) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Miami International (NYSE:MIAX) in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a $59.00 target price on the stock.

Other equities analysts also recently issued reports about the company. Keefe, Bruyette & Woods lifted their target price on Miami International from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $48.00.

Miami International Stock Down 1.4%

Shares of MIAX traded down $0.61 on Thursday, reaching $41.77. The company’s stock had a trading volume of 165,170 shares, compared to its average volume of 1,314,871. The company’s 50 day moving average price is $42.40. The stock has a market capitalization of $3.40 billion and a PE ratio of 77.35. Miami International has a 12-month low of $28.63 and a 12-month high of $51.38.

Miami International (NYSE:MIAX) last announced its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $369.43 million for the quarter, compared to analysts’ expectations of $121.13 million. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year.

Insider Buying and Selling at Miami International

In related news, Director Murray Stahl sold 121,054 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $40.92, for a total transaction of $4,953,529.68. Following the completion of the sale, the director owned 4,689,466 shares in the company, valued at approximately $191,892,948.72. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Miami International

A number of institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Miami International during the fourth quarter valued at approximately $66,000. T. Rowe Price Investment Management Inc. lifted its stake in Miami International by 24.5% in the 4th 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 in the last quarter. Invesco Ltd. boosted its holdings in shares of Miami International by 178.8% during the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after purchasing an additional 820,246 shares during the last quarter. Delta Global Management LP grew its position in shares of Miami International by 452.6% during the fourth quarter. Delta Global Management LP now owns 279,029 shares of the company’s stock valued at $12,383,000 after purchasing an additional 228,531 shares in the last quarter. Finally, Coastal Bridge Advisors LLC lifted its position in shares of Miami International by 1.1% in the fourth quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock worth $3,436,000 after buying an additional 850 shares in the last quarter.

About Miami International

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.