Analysts Set Miami International Holdings, Inc. (NYSE:MIAX) Price Target at $47.20

Miami International Holdings, Inc. (NYSE:MIAX) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $47.20.

MIAX has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Rosenblatt Securities restated a “buy” rating and issued a $55.00 price objective on shares of Miami International in a research report on Tuesday, December 9th. Piper Sandler upped their target price 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. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Keefe, Bruyette & Woods increased their price objective on Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th.

Hedge Funds Weigh In On Miami International

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

Miami International Trading Down 2.0%

NYSE MIAX opened at $41.38 on Thursday. The company has a market capitalization of $3.37 billion and a price-to-earnings ratio of 2,069.00. The company has a 50 day simple moving average of $43.65. Miami International has a 12-month low of $28.63 and a 12-month high of $51.38.

About Miami International

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.