Miami International (NYSE:MIAX) Shares Down 4.1% on Analyst Downgrade

Posted by Stanley Muller on Sep 2nd, 2026

Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report)’s share price dropped 4.1% during mid-day trading on Wednesday after Morgan Stanley downgraded the stock from an overweight rating to an equal weight rating. Morgan Stanley now has a $50.00 price target on the stock, down from their previous price target of $53.00. Miami International traded as low as $40.00 and last traded at $40.3910. 270,002 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,508,443 shares. The stock had previously closed at $42.11.

A number of other research firms also recently issued reports on MIAX. JPMorgan Chase & Co. boosted their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research lowered Miami International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Rosenblatt Securities lifted their price objective on Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods raised their price target on Miami International from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.40.

View Our Latest Stock Analysis on MIAX

Insider Activity at Miami International

In other Miami International news, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $41.22, for a total value of $1,978,560.00. Following the sale, the executive vice president owned 387,414 shares in the company, valued at $15,969,205.08. This trade represents a 11.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara J. Comly sold 44,445 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $45.69, for a total transaction of $2,030,692.05. Following the transaction, the executive vice president owned 882,984 shares of the company’s stock, valued at $40,343,538.96. This trade represents a 4.79% decrease in their ownership of the stock. 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. Insiders sold 615,958 shares of company stock worth $26,146,369 in the last 90 days. 15.60% of the stock is currently owned by company insiders.

Institutional Trading of Miami International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in shares of Miami International by 290.6% in the second quarter. HighTower Advisors LLC now owns 112,298 shares of the company’s stock valued at $4,173,000 after buying an additional 83,547 shares during the period. California State Teachers Retirement System boosted its position in Miami International by 5,075.0% during the 2nd quarter. California State Teachers Retirement System now owns 824,023 shares of the company’s stock worth $30,621,000 after buying an additional 808,100 shares during the period. J Digital 6 LLC bought a new stake in Miami International during the 2nd quarter worth approximately $67,157,000. Grandeur Peak Global Advisors LLC increased its position in Miami International by 20.6% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 19,018 shares of the company’s stock valued at $707,000 after acquiring an additional 3,247 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Miami International during the second quarter valued at $5,618,000.

Miami International Stock Down 4.1%

The stock has a market cap of $4.01 billion and a P/E ratio of 52.54. The company’s 50 day moving average price is $42.51 and its 200-day moving average price is $43.05.

Miami International (NYSE:MIAX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $387.63 million for the quarter. Miami International had a net margin of 9.70% and a return on equity of 16.95%. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. Equities research analysts anticipate that Miami International Holdings, Inc. will post 1.69 earnings per share for the current 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.