Miami International Holdings, Inc. (NYSE:MIAX) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Miami International Holdings, Inc. (NYSE:MIAX) has received a consensus rating of “Moderate Buy” from eight brokerages, with four analysts recommending buy and four a hold.
• The average price target for MIAX shares is set at $40.60, with various analysts providing differing price objectives ranging from $32.00 to $50.00.
• Insider transactions include Director Murray Stahl acquiring 34,470 shares at an average price of $36.10, totalling over $1.24 million, which increases his ownership stake in the company.

Shares of Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $40.60.

A number of research analysts have recently weighed in on the company. Piper Sandler assumed coverage on Miami International in a research report on Monday, September 8th. They set an "overweight" rating and a $39.00 price objective for the company. Zacks Research upgraded Miami International to a "hold" rating in a research report on Tuesday, September 9th. Raymond James Financial assumed coverage on Miami International in a research report on Monday, September 8th. They set a "market perform" rating for the company. Rosenblatt Securities assumed coverage on Miami International in a research report on Monday, September 8th. They set a "buy" rating and a $50.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Miami International in a research note on Monday, September 8th. They issued a "neutral" rating and a $32.00 price objective for the company.

Insider Transactions at Miami International

In other news, Director Murray Stahl acquired 34,470 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was acquired at an average price of $36.10 per share, with a total value of $1,244,367.00. Following the completion of the purchase, the director directly owned 4,557,919 shares in the company, valued at approximately $164,540,875.90. This trade represents a 0.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Miami International Stock Up 5.2%

NYSE:MIAX opened at $41.01 on Friday. Miami International has a 52 week low of $28.63 and a 52 week high of $42.89.

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.

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