Miami International (NYSE:MIAX) Given New $37.00 Price Target at JPMorgan Chase & Co.

Miami International (NYSE:MIAX) had its price target boosted by analysts at JPMorgan Chase & Co. from $32.00 to $37.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 18.84% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Piper Sandler set a $48.00 price target on shares of Miami International and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. William Blair initiated coverage on shares of Miami International in a research report on Monday, September 8th. They issued an “outperform” rating for the company. Raymond James Financial initiated coverage on shares of Miami International in a research report on Monday, September 8th. They issued a “market perform” rating for the company. Rosenblatt Securities initiated coverage on shares of Miami International in a research report on Monday, September 8th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Miami International in a research report on Monday, September 8th. They issued a “market perform” rating and a $37.00 price objective for the company. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.40.

Miami International Stock Performance

NYSE MIAX traded up $0.05 on Tuesday, reaching $45.59. The company had a trading volume of 42,925 shares, compared to its average volume of 763,770. The stock’s 50 day moving average is $40.27. Miami International has a 12 month low of $28.63 and a 12 month high of $45.89.

Insider Activity at Miami International

In other news, Director Murray Stahl acquired 34,470 shares of Miami International stock in a transaction that occurred on Thursday, August 28th. The stock was purchased at an average price of $36.10 per share, for a total transaction of $1,244,367.00. Following the purchase, the director directly owned 4,557,919 shares in the company, valued at $164,540,875.90. The trade was a 0.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders have purchased 34,476 shares of company stock worth $1,244,618.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust bought a new position in shares of Miami International during the 3rd quarter worth approximately $101,000. Atlas Wealth Partners LLC acquired a new position in Miami International during the 3rd quarter valued at approximately $881,000. Coastal Bridge Advisors LLC acquired a new position in Miami International during the 3rd quarter valued at approximately $3,083,000. Federated Hermes Inc. acquired a new position in Miami International during the 3rd quarter valued at approximately $10,065,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Miami International during the 3rd quarter valued at approximately $17,684,000.

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.