Miami International (NYSE:MIAX) Price Target Raised to $52.00

Miami International (NYSE:MIAX) had its price objective increased by Piper Sandler from $48.00 to $52.00 in a research note published on Tuesday morning, MarketBeat Ratings reports. Piper Sandler currently has an overweight rating on the stock.

Several other research firms have also recently issued reports on MIAX. Wall Street Zen raised Miami International to a “hold” rating in a research report on Saturday, August 23rd. William Blair initiated coverage on shares of Miami International in a research report on Monday, September 8th. They set an “outperform” rating for the company. Zacks Research raised shares of Miami International to a “hold” rating in a research report on Tuesday, September 9th. Keefe, Bruyette & Woods started 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 target for the company. Finally, Morgan Stanley raised their price objective on Miami International from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Miami International currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

Miami International Trading Up 3.1%

MIAX stock opened at $47.23 on Tuesday. The firm has a 50-day moving average of $40.95. Miami International has a 1 year low of $28.63 and a 1 year high of $48.20.

Miami International (NYSE:MIAX) last issued its earnings results on Wednesday, November 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.12. During the same quarter last year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year.

Insider Transactions at Miami International

In other Miami International news, Director Murray Stahl acquired 34,470 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were bought at an average cost of $36.10 per share, for a total transaction of $1,244,367.00. Following the completion of the purchase, the director owned 4,557,919 shares in the company, valued at $164,540,875.90. This trade represents a 0.76% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 34,476 shares of company stock worth $1,244,618.

Hedge Funds Weigh In On Miami International

A number of hedge funds and other institutional investors have recently made changes to their positions in MIAX. Caldwell Investment Management Ltd. purchased a new stake in Miami International during the 3rd quarter valued at approximately $27,056,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Miami International in the third quarter valued at approximately $17,684,000. Federated Hermes Inc. acquired a new stake in shares of Miami International during the third quarter worth $10,065,000. Coastal Bridge Advisors LLC purchased a new position in Miami International in the 3rd quarter valued at $3,083,000. Finally, Atlas Wealth Partners LLC acquired a new position in Miami International in the 3rd quarter valued at $881,000.

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.