Miami International Holdings, Inc. (NYSE:MIAX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Miami International Holdings, Inc. (NYSE:MIAX) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $42.40.

Several research analysts recently weighed in on the stock. William Blair assumed coverage on shares of Miami International in a research note on Monday, September 8th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. assumed coverage on Miami International in a report on Monday, September 8th. They set a “neutral” rating and a $32.00 price objective on the stock. Keefe, Bruyette & Woods assumed coverage on Miami International in a report on Monday, September 8th. They set a “market perform” rating and a $37.00 price objective on the stock. Rosenblatt Securities assumed coverage on Miami International in a report on Monday, September 8th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on Miami International from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st.

Miami International Stock Performance

Miami International stock opened at $44.38 on Tuesday. The business’s 50 day moving average price is $39.72. Miami International has a fifty-two week low of $28.63 and a fifty-two week high of $45.63.

Insider Buying and Selling at Miami International

In other Miami International news, Director Murray Stahl acquired 34,470 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were acquired at an average price of $36.10 per share, for a total transaction of $1,244,367.00. Following the acquisition, the director directly owned 4,557,919 shares of the company’s stock, valued at approximately $164,540,875.90. This trade represents a 0.76% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders bought 34,476 shares of company stock worth $1,244,618.

Institutional Investors Weigh In On Miami International

An institutional investor recently bought a new position in Miami International stock. Allspring Global Investments Holdings LLC bought a new stake in Miami International Holdings, Inc. (NYSE:MIAX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 453,668 shares of the company’s stock, valued at approximately $17,684,000. Allspring Global Investments Holdings LLC owned approximately 0.57% of Miami International as of its most recent filing with the Securities and Exchange Commission.

Miami International Company Profile

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.