Miami International (NYSE:MIAX) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Miami International (NYSE:MIAX) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other research firms have also recently weighed in on MIAX. Keefe, Bruyette & Woods increased their price objective on shares of Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Morgan Stanley increased their price target on Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Miami International in a research note on Monday, December 29th. Finally, Piper Sandler raised their target price on shares of Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Miami International presently has a consensus rating of “Hold” and an average target price of $47.20.

Miami International Trading Up 2.1%

Shares of NYSE:MIAX opened at $43.45 on Friday. The firm’s 50-day simple moving average is $44.87. Miami International has a fifty-two week low of $28.63 and a fifty-two week high of $51.38. The company has a market cap of $3.54 billion and a P/E ratio of 2,172.50.

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

Institutional Investors Weigh In On Miami International

Several hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in Miami International during the 3rd quarter worth about $17,684,000. Caldwell Investment Management Ltd. acquired a new stake in shares of Miami International during the third quarter valued at approximately $27,056,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Miami International in the 3rd quarter valued at approximately $101,000. Atlas Wealth Partners LLC purchased a new position in Miami International during the 3rd quarter worth approximately $881,000. Finally, Federated Hermes Inc. acquired a new stake in Miami International during the 3rd quarter valued at $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.