Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) CEO Thomas Gallagher sold 41,772 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $42.09, for a total transaction of $1,758,183.48. Following the sale, the chief executive officer directly owned 1,723,275 shares in the company, valued at approximately $72,532,644.75. The trade was a 2.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Miami International Stock Performance
Shares of NYSE:MIAX traded up $1.75 on Tuesday, reaching $43.61. The company’s stock had a trading volume of 2,183,785 shares, compared to its average volume of 1,602,494. The company has a 50-day simple moving average of $44.82 and a 200 day simple moving average of $43.06. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $57.14. The company has a market cap of $4.14 billion and a P/E ratio of 45.42.
Miami International (NYSE:MIAX – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $369.69 million for the quarter, compared to analysts’ expectations of $122.74 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was up 40.0% compared to the same quarter last year. On average, equities research analysts forecast that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.
Institutional Trading of Miami International
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Keefe, Bruyette & Woods increased their price target on Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, May 8th. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.20.
Read Our Latest Research Report on Miami International
Miami International Company Profile
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.
Recommended Stories
- Five stocks we like better than Miami International
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Receive News & Ratings for Miami International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Miami International and related companies with MarketBeat.com's FREE daily email newsletter.
