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

Miami International (NYSE:MIAX) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other brokerages have also recently weighed in on MIAX. Piper Sandler lifted their price target on Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Rosenblatt Securities lifted their target price on shares of Miami International from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. increased their price target on shares of Miami International from $32.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Raymond James Financial initiated coverage on shares of Miami International in a research report on Monday, September 8th. They set a “market perform” rating on the stock. Finally, Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.20.

Miami International Price Performance

NYSE MIAX opened at $44.19 on Friday. Miami International has a 1 year low of $28.63 and a 1 year high of $51.38. The firm’s fifty day simple moving average is $44.40.

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

Institutional Trading of Miami International

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

About Miami International

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.