Miami International Holdings, Inc.’s (NYSE:MIAX) Lock-Up Period To End Tomorrow

Miami International’s (NYSE:MIAX) lock-up period will expire on Tuesday, February 10th. Miami International had issued 15,000,000 shares in its IPO on August 14th. The total size of the offering was $345,000,000 based on an initial share price of $23.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analysts Forecast Growth

MIAX has been the topic of a number of recent research reports. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $55.00 price target on shares of Miami International in a report on Tuesday, December 9th. Keefe, Bruyette & Woods boosted their price objective 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. Piper Sandler lifted their price target on Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $47.20.

Miami International Price Performance

Shares of NYSE:MIAX opened at $42.28 on Monday. The stock has a market capitalization of $3.44 billion and a price-to-earnings ratio of 2,114.00. Miami International has a 1 year low of $28.63 and a 1 year high of $51.38. The stock’s 50-day simple moving average is $43.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI purchased a new position in shares of Miami International in the 3rd quarter valued at about $29,000. Comerica Bank raised its holdings in Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after acquiring an additional 937 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Miami International in the third quarter worth approximately $101,000. SG Americas Securities LLC acquired a new position in Miami International during the 4th quarter worth approximately $105,000. Finally, Strs Ohio purchased a new stake in shares of Miami International in the 4th quarter valued at approximately $186,000.

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.