Miami International (NYSE:MIAX) Director Purchases $1,244,367.00 in Stock

Key Points

• Miami International Holdings Director Murray Stahl purchased 34,470 shares for $1,244,367 at an average price of $36.10 per share, increasing his total ownership to approximately $164.5 million.
• The stock traded at $40.17 after a decline of $0.60, with a 12-month range of $28.63 to $42.89.
• Analysts' ratings are mixed, with several brokerages issuing ratings from "hold" to "outperform," and a consensus target price of $40.00.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) Director Murray Stahl bought 34,470 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were acquired at an average price of $36.10 per share, for a total transaction of $1,244,367.00. Following the acquisition, the director owned 4,557,919 shares in the company, valued at approximately $164,540,875.90. This represents a 0.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Miami International Stock Performance

Shares of MIAX stock traded down $0.60 during mid-day trading on Tuesday, reaching $40.17. 675,806 shares of the company's stock traded hands, compared to its average volume of 964,863. Miami International Holdings, Inc. has a 12 month low of $28.63 and a 12 month high of $42.89.

Analyst Ratings Changes

A number of brokerages recently issued reports on MIAX. Zacks Research upgraded shares of Miami International to a "hold" rating in a research note on Tuesday, September 9th. William Blair initiated coverage on Miami International in a research report on Monday, September 8th. They issued an "outperform" rating for the company. Wall Street Zen raised shares of Miami International to a "hold" rating in a research report on Saturday, August 23rd. Morgan Stanley initiated coverage on shares of Miami International in a research report on Monday, September 8th. They set an "overweight" rating and a $42.00 price target for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Miami International in a research report on Monday, September 8th. They set a "neutral" rating and a $32.00 price target for the company. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Miami International has an average rating of "Moderate Buy" and a consensus target price of $40.00.

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.

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