Miami International Holdings, Inc. (NYSE:MIAX) Receives $47.20 Consensus Target Price from Analysts

Shares of Miami International Holdings, Inc. (NYSE:MIAX) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $47.20.

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on Miami International from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Rosenblatt Securities restated a “buy” rating and issued a $55.00 target price on shares of Miami International in a research note on Tuesday, December 9th. JPMorgan Chase & Co. increased their price target on shares of Miami International from $32.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Finally, Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research note on Saturday.

Miami International Stock Performance

Miami International stock traded up $0.90 during mid-day trading on Friday, hitting $43.45. The company had a trading volume of 788,487 shares, compared to its average volume of 1,064,006. Miami International has a 1 year low of $28.63 and a 1 year high of $51.38. The business has a fifty day moving average of $44.99. The stock has a market cap of $3.54 billion and a PE ratio of 2,172.50.

Miami International (NYSE:MIAX) last issued its earnings results 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 quarter last year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 57.4% on a year-over-year basis.

Institutional Trading of Miami International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI purchased a new stake in Miami International in the 3rd quarter valued at approximately $29,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Miami International in the third quarter valued at $101,000. SG Americas Securities LLC acquired a new stake in shares of Miami International during the fourth quarter valued at $105,000. Texas Yale Capital Corp. acquired a new position in Miami International in the 3rd quarter valued at about $201,000. Finally, Sandia Investment Management LP acquired a new position in Miami International in the 3rd quarter valued at about $266,000.

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.