Rosenblatt Securities Issues Positive Forecast for Miami International (NYSE:MIAX) Stock Price

Miami International (NYSE:MIAX) had its target price hoisted by Rosenblatt Securities from $50.00 to $55.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on MIAX. Zacks Research upgraded shares of Miami International to a “hold” rating in a report on Tuesday, September 9th. Morgan Stanley increased their target price on Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price target on Miami International from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Raymond James Financial started coverage on Miami International in a research report on Monday, September 8th. They set a “market perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.20.

Miami International Price Performance

Shares of Miami International stock traded up $1.73 during trading hours on Thursday, hitting $48.75. The company’s stock had a trading volume of 596,568 shares, compared to its average volume of 396,894. The stock has a 50 day simple moving average of $41.18. Miami International has a 12 month low of $28.63 and a 12 month high of $49.27.

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

Insiders Place Their Bets

In related news, Director Murray Stahl purchased 34,470 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was purchased at an average cost of $36.10 per share, for a total transaction of $1,244,367.00. Following the completion of the purchase, the director directly owned 4,557,919 shares in the company, valued at $164,540,875.90. This trade represents a 0.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 34,476 shares of company stock valued at $1,244,618 in the last ninety days.

Institutional Investors Weigh In On Miami International

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new position in Miami International during the third quarter worth $55,660,000. JPMorgan Chase & Co. acquired a new stake in Miami International in the third quarter valued at $32,679,000. Caldwell Investment Management Ltd. bought a new position in shares of Miami International in the 3rd quarter valued at about $27,056,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Miami International during the 3rd quarter worth about $17,684,000. Finally, Federated Hermes Inc. bought a new stake in shares of Miami International in the 3rd quarter valued at about $10,065,000.

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.