Miami International Holdings, Inc. (NYSE:MIAX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts have given Miami International Holdings, Inc. (NYSE:MIAX) an average recommendation of "Moderate Buy", with four out of seven rating it as a buy and three as a hold.
• The average 12-month price target for the stock among analysts is $40.00, with various brokerages setting different target prices ranging from $32.00 to $42.00.
• Miami International's stock price gained 1.8% on Monday, reaching $35.57, with a trading volume of 116,247 shares.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $40.00.

MIAX has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on Miami International in a research note on Monday, September 8th. They issued a "neutral" rating and a $32.00 price objective for the company. Raymond James Financial initiated coverage on Miami International in a research note on Monday, September 8th. They issued a "market perform" rating for the company. Zacks Research raised Miami International to a "hold" rating in a research note on Tuesday. William Blair initiated coverage on Miami International in a research note on Monday, September 8th. They set an "outperform" rating for the company. Finally, Wall Street Zen raised Miami International to a "hold" rating in a research note on Saturday, August 23rd.

Miami International Stock Up 0.2%

Shares of NYSE MIAX traded up $0.08 during trading on Monday, reaching $37.47. The stock had a trading volume of 408,492 shares, compared to its average volume of 1,103,331. Miami International has a fifty-two week low of $28.63 and a fifty-two week high of $39.13.

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.