Rosenblatt Securities Reaffirms “Buy” Rating for Miami International (NYSE:MIAX)

Miami International (NYSE:MIAX)‘s stock had its “buy” rating reiterated by research analysts at Rosenblatt Securities in a note issued to investors on Tuesday,Benzinga reports. They presently have a $55.00 price objective on the stock. Rosenblatt Securities’ target price points to a potential upside of 28.82% from the company’s current price.

Other analysts also recently issued reports about the company. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Morgan Stanley increased their price target on Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. raised their price objective on Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Keefe, Bruyette & Woods boosted their price objective on Miami International from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Finally, Raymond James Financial began coverage on Miami International in a report on Monday, September 8th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.20.

Miami International Price Performance

Shares of MIAX stock opened at $42.70 on Tuesday. Miami International has a 52 week low of $28.63 and a 52 week high of $51.38. The stock’s 50 day moving average is $44.68.

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

Hedge Funds Weigh In On Miami International

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

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.