Miami International (NYSE:MIAX) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Miami International (NYSE:MIAX) had its price target lifted by equities research analysts at Keefe, Bruyette & Woods from $43.00 to $44.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 4.10% from the company’s current price.

MIAX has been the topic of a number of other reports. Wall Street Zen raised Miami International to a “hold” rating in a research report on Saturday, August 23rd. William Blair began coverage on Miami International in a research report on Monday, September 8th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. upped their price target on Miami International from $32.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday. Raymond James Financial started coverage on Miami International in a research report on Monday, September 8th. They issued a “market perform” rating on the stock. Finally, Morgan Stanley upped their price target on shares of Miami International from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.20.

Miami International Stock Up 3.5%

Miami International stock opened at $45.88 on Thursday. The business’s fifty day moving average is $40.72. Miami International has a twelve month low of $28.63 and a twelve month high of $46.04.

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

Insider Activity at Miami International

In other Miami International news, Director Murray Stahl bought 34,470 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were purchased at an average cost of $36.10 per share, for a total transaction of $1,244,367.00. Following the transaction, the director directly owned 4,557,919 shares of the company’s stock, valued at approximately $164,540,875.90. The trade was a 0.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders bought 34,476 shares of company stock worth $1,244,618.

Institutional Investors Weigh In On Miami International

A number of institutional investors have recently modified their holdings of MIAX. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Miami International during the 3rd quarter valued at about $101,000. Atlas Wealth Partners LLC acquired a new stake in shares of Miami International during the 3rd quarter valued at about $881,000. Coastal Bridge Advisors LLC acquired a new stake in shares of Miami International during the 3rd quarter valued at about $3,083,000. Federated Hermes Inc. purchased a new position in Miami International in the 3rd quarter valued at about $10,065,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Miami International in the 3rd quarter valued at about $17,684,000.

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.