Miami International (NYSE:MIAX) Given New $52.00 Price Target at Piper Sandler

Miami International (NYSE:MIAX) had its price target upped by investment analysts at Piper Sandler from $48.00 to $52.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 14.30% from the stock’s current price.

Several other brokerages also recently issued reports on MIAX. Wall Street Zen raised shares of Miami International to a “hold” rating in a research report on Saturday, August 23rd. Rosenblatt Securities initiated coverage on shares of Miami International in a research report on Monday, September 8th. They set a “buy” rating and a $50.00 price objective for the company. Keefe, Bruyette & Woods initiated coverage on shares of Miami International in a research report on Monday, September 8th. They set a “market perform” rating and a $37.00 price objective for the company. Raymond James Financial initiated coverage on shares of Miami International in a research report on Monday, September 8th. They issued a “market perform” rating for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.20.

Miami International Stock Down 0.1%

Shares of MIAX stock traded down $0.05 during trading hours on Tuesday, hitting $45.50. 97,784 shares of the company were exchanged, compared to its average volume of 764,718. The company has a 50 day moving average of $40.27. Miami International has a 52 week low of $28.63 and a 52 week high of $45.89.

Insider Buying and Selling

In other news, Director Murray Stahl purchased 34,470 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was purchased at an average price of $36.10 per share, for a total transaction of $1,244,367.00. Following the completion of the purchase, the director directly owned 4,557,919 shares in the company, valued at $164,540,875.90. The trade was a 0.76% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 34,476 shares of company stock valued at $1,244,618 in the last ninety days.

Institutional Trading of Miami International

Hedge funds have recently modified their holdings of the stock. Caldwell Investment Management Ltd. acquired a new stake in shares of Miami International during the 3rd quarter worth about $27,056,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Miami International during the 3rd quarter worth about $17,684,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Miami International during the 3rd quarter worth about $101,000. Atlas Wealth Partners LLC acquired a new stake in shares of Miami International during the 3rd quarter worth about $881,000. Finally, Coastal Bridge Advisors LLC acquired a new stake in shares of Miami International during the 3rd quarter worth about $3,083,000.

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.