Miami International Holdings, Inc. (NYSE:MIAX) Receives $52.00 Consensus Target Price from Analysts

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $52.00.

Several research firms have recently weighed in on MIAX. Morgan Stanley increased their price objective on Miami International from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Rosenblatt Securities lifted their target price on Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their target price on Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Miami International in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. raised 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.

Read Our Latest Stock Report on MIAX

Insider Buying and Selling

In related news, CEO Thomas P. Gallagher sold 149,700 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $41.13, for a total value of $6,157,161.00. Following the completion of the transaction, the chief executive officer owned 1,423,275 shares of the company’s stock, valued at approximately $58,539,300.75. This trade represents a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Barbara J. Comly sold 44,445 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $45.69, for a total transaction of $2,030,692.05. Following the completion of the transaction, the executive vice president directly owned 882,984 shares of the company’s stock, valued at approximately $40,343,538.96. This trade represents a 4.79% decrease in their position. 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. Over the last 90 days, insiders sold 797,208 shares of company stock worth $33,858,199. 15.60% of the stock is owned by insiders.

Institutional Trading of Miami International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. bought a new stake in Miami International during the third quarter worth about $55,660,000. First Trust Advisors LP acquired a new position in shares of Miami International during the 3rd quarter worth approximately $843,000. Legal & General Group Plc acquired a new position in shares of Miami International during the 3rd quarter worth approximately $302,000. Franklin Resources Inc. bought a new stake in shares of Miami International during the 3rd quarter worth approximately $17,403,000. Finally, Sei Investments Co. bought a new stake in shares of Miami International during the 3rd quarter worth approximately $4,074,000.

Miami International Trading Up 0.2%

MIAX opened at $43.07 on Monday. The stock has a market capitalization of $4.27 billion and a P/E ratio of 55.94. Miami International has a 12 month low of $34.02 and a 12 month high of $57.14. The firm’s fifty day simple moving average is $42.26 and its 200 day simple moving average is $43.03.

Miami International (NYSE:MIAXGet Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. Miami International had a return on equity of 16.95% and a net margin of 9.70%.The firm had revenue of $387.63 million during the quarter. During the same quarter last year, the company posted $0.48 EPS. Miami International’s revenue for the quarter was up 34.8% on a year-over-year basis. On average, equities research analysts predict that Miami International will post 1.69 EPS for the current fiscal year.

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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