Miami International (NYSE:MIAX) Sees Strong Trading Volume – Still a Buy?

Shares of Miami International Holdings, Inc. (NYSE:MIAX) saw unusually-high trading volume on Monday . Approximately 1,078,246 shares were traded during trading, an increase of 17% from the previous session’s volume of 918,619 shares.The stock last traded at $41.3460 and had previously closed at $42.23.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MIAX. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Zacks Research lowered Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. JPMorgan Chase & Co. increased their price target on Miami International from $32.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Rosenblatt Securities reiterated a “buy” rating and issued a $55.00 price objective on shares of Miami International in a research note on Tuesday, December 9th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Miami International from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $47.20.

Miami International Stock Performance

The firm has a market capitalization of $3.37 billion and a price-to-earnings ratio of 2,069.00. The stock’s 50-day simple moving average is $43.71.

Institutional Investors Weigh In On Miami International

A number of institutional investors and hedge funds have recently made changes to their positions in MIAX. Allspring Global Investments Holdings LLC acquired a new position in Miami International during the 3rd quarter valued at about $17,684,000. Caldwell Investment Management Ltd. bought a new position in shares of Miami International in the third quarter valued at approximately $27,056,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Miami International during the third quarter valued at approximately $101,000. Atlas Wealth Partners LLC purchased a new position in shares of Miami International during the third quarter valued at approximately $881,000. Finally, Federated Hermes Inc. bought a new stake in Miami International during the third quarter worth $10,065,000.

Miami International Company Profile

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.