Miami International Holdings, Inc. (NYSE:MIAX) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus rating of “Hold” on Miami International (9 brokers: 1 sell, 4 hold, 4 buy) with an average 12‑month price target of $48.00.
• Insiders were active: EVP Douglas Schafer sold 48,000 shares for about $1.9M (reducing his stake), Director Murray Stahl bought 7,200 shares (~$312K), and insiders net sold 232,903 shares (~$9.36M) over the last quarter; several institutions (T. Rowe Price, Invesco) materially increased positions.
• Recent results topped expectations—Q (reported Feb. 25) EPS $0.52 vs. $0.41 est. and revenue $369.4M (up 14% YoY)—while the stock trades near $38.19 with a market cap of ~$3.5B and a PE of ~70.7.

Shares of Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) have earned a consensus recommendation of "Hold" from the nine brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $48.00.

Several analysts have recently commented on MIAX shares. Zacks Research downgraded shares of Miami International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 1st. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Miami International in a report on Monday, December 29th. Rosenblatt Securities reiterated a "buy" rating and issued a $59.00 price target on shares of Miami International in a research note on Thursday, March 5th. Finally, Wall Street Zen upgraded Miami International from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th.

Insiders Place Their Bets

In related news, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $39.74, for a total value of $1,907,520.00. Following the transaction, the executive vice president directly owned 396,681 shares of the company's stock, valued at approximately $15,764,102.94. The trade was a 10.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Murray Stahl purchased 7,200 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of $43.38 per share, with a total value of $312,336.00. Following the completion of the purchase, the director directly owned 4,633,842 shares in the company, valued at $201,016,065.96. This trade represents a 0.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 232,903 shares of company stock worth $9,359,718 over the last quarter.

Hedge Funds Weigh In On Miami International

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new stake in Miami International in the 4th quarter valued at $66,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Miami International by 24.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company's stock valued at $134,282,000 after purchasing an additional 595,096 shares during the last quarter. Invesco Ltd. grew its position in shares of Miami International by 178.8% during the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company's stock valued at $56,761,000 after purchasing an additional 820,246 shares in the last quarter. Delta Global Management LP increased its holdings in shares of Miami International by 452.6% in the fourth quarter. Delta Global Management LP now owns 279,029 shares of the company's stock worth $12,383,000 after purchasing an additional 228,531 shares during the last quarter. Finally, Coastal Bridge Advisors LLC increased its holdings in shares of Miami International by 1.1% in the fourth quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company's stock worth $3,436,000 after purchasing an additional 850 shares during the last quarter.

Miami International Trading Down 0.8%

Shares of NYSE:MIAX opened at $38.19 on Friday. The stock has a 50 day moving average of $41.06 and a 200 day moving average of $42.63. The company has a market cap of $3.50 billion and a PE ratio of 70.72. Miami International has a 12-month low of $28.63 and a 12-month high of $51.38.

Miami International (NYSE:MIAX - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.11. The firm had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. The business's revenue for the quarter was up 14.0% on a year-over-year basis.

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.

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