Miami International (NYSE:MIAX) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Miami International (NYSE:MIAX) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Other analysts have also issued reports about the stock. Piper Sandler raised their price objective on shares of Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Morgan Stanley raised their target price on Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Keefe, Bruyette & Woods upped their price target on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $55.00 price objective on shares of Miami International in a report on Tuesday, December 9th. Finally, Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Miami International has a consensus rating of “Hold” and a consensus price target of $47.20.

Miami International Price Performance

Shares of MIAX stock opened at $43.45 on Friday. The stock has a market capitalization of $3.54 billion and a price-to-earnings ratio of 2,172.50. The business has a fifty day simple moving average of $44.99. Miami International has a 52 week low of $28.63 and a 52 week high of $51.38.

Miami International (NYSE:MIAX) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.30 by $0.12. The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MIAX. Allspring Global Investments Holdings LLC bought a new position in shares of Miami International in the third quarter worth approximately $17,684,000. Caldwell Investment Management Ltd. bought a new position in Miami International in the 3rd quarter valued at approximately $27,056,000. Emerald Mutual Fund Advisers Trust bought a new position in Miami International in the 3rd quarter valued at approximately $101,000. Atlas Wealth Partners LLC purchased a new stake in Miami International during the 3rd quarter valued at $881,000. Finally, Federated Hermes Inc. bought a new stake in shares of Miami International in the 3rd quarter worth $10,065,000.

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.