Brokerages Set Miami International Holdings, Inc. (NYSE:MIAX) Target Price at $51.20

Shares of Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) have been given a consensus rating of “Hold” by the nine research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $51.20.

A number of research analysts have recently issued reports on MIAX shares. Keefe, Bruyette & Woods boosted their target price on Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, May 8th. Morgan Stanley boosted their price objective on shares of Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings raised shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th.

View Our Latest Stock Report on Miami International

Miami International Stock Performance

Shares of MIAX opened at $42.94 on Friday. Miami International has a fifty-two week low of $28.63 and a fifty-two week high of $57.14. The company has a market capitalization of $4.08 billion and a price-to-earnings ratio of 44.73. The firm has a 50-day simple moving average of $44.59 and a 200-day simple moving average of $43.03.

Miami International (NYSE:MIAXGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $369.69 million during the quarter, compared to analyst estimates of $122.74 million. During the same quarter last year, the firm earned $0.38 EPS. The business’s revenue was up 40.0% on a year-over-year basis. Equities research analysts forecast that Miami International will post 1.53 EPS for the current year.

Key Stories Impacting Miami International

Here are the key news stories impacting Miami International this week:

Insiders Place Their Bets

In other news, EVP Barbara J. Comly sold 29,667 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $43.64, for a total value of $1,294,667.88. Following the completion of the sale, the executive vice president directly owned 843,844 shares of the company’s stock, valued at $36,825,352.16. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Lance Emmons sold 35,000 shares of Miami International stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $56.36, for a total value of $1,972,600.00. Following the completion of the sale, the chief financial officer owned 84,262 shares in the company, valued at approximately $4,749,006.32. This trade represents a 29.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 876,546 shares of company stock valued at $38,552,360. Corporate insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Miami International

A number of large investors have recently made changes to their positions in the stock. State of Wyoming acquired a new stake in shares of Miami International in the fourth quarter valued at about $26,000. National Bank of Canada FI acquired a new position in Miami International during the third quarter worth about $29,000. Comerica Bank increased its holdings in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after buying an additional 937 shares in the last quarter. Fifth Third Bancorp purchased a new position in Miami International in the first quarter valued at about $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Miami International during the 4th quarter valued at approximately $66,000.

About Miami International

(Get Free Report)

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.

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Analyst Recommendations for Miami International (NYSE:MIAX)

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