Miami International (NYSE:MIAX) Sets New 12-Month High on Analyst Upgrade

Key Points

• Miami International shares hit a new 52-week high after Keefe, Bruyette & Woods raised its price target on the stock from $40 to $48. The shares traded as high as $51.97, well above the prior close of $49.77.
• The company’s latest quarterly results were strong, with adjusted EPS of $0.42 beating estimates of $0.36 and revenue rising 40% year over year to $369.69 million. Management also reaffirmed full-year expense guidance.
• Analyst sentiment is mixed despite the rally: Rosenblatt lifted its target to $61 with a Buy rating, while JPMorgan and Keefe, Bruyette & Woods remain more cautious. Insider selling and a high valuation were also noted as potential headwinds.

Shares of Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) reached a new 52-week high during trading on Friday after Keefe, Bruyette & Woods raised their price target on the stock from $40.00 to $48.00. Keefe, Bruyette & Woods currently has a market perform rating on the stock. Miami International traded as high as $51.97 and last traded at $51.8950, with a volume of 915916 shares changing hands. The stock had previously closed at $49.77.

MIAX has been the topic of a number of other research reports. Morgan Stanley lifted their target price on shares of Miami International from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, April 10th. Wall Street Zen cut Miami International from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. JPMorgan Chase & Co. raised their price target on shares of Miami International from $41.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday. Weiss Ratings reissued a "sell (d+)" rating on shares of Miami International in a research report on Friday, March 27th. Finally, Rosenblatt Securities upped their price objective on shares of Miami International from $59.00 to $61.00 and gave the company a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Miami International has an average rating of "Moderate Buy" and an average target price of $51.20.

Insider Buying and Selling

In other news, Director Kurt M. Eckert sold 37,917 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $39.00, for a total transaction of $1,478,763.00. Following the sale, the director directly owned 142,375 shares in the company, valued at approximately $5,552,625. This represents a 21.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the firm'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 completion of the sale, the executive vice president directly owned 396,681 shares in the company, valued at approximately $15,764,102.94. This trade represents a 10.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 687,175 shares of company stock worth $29,675,666.

Miami International News Summary

Here are the key news stories impacting Miami International this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS $0.42 vs. $0.36 consensus, net revenue up ~40% year-over-year, adjusted EBITDA up 66% with a 51% margin, and management reaffirmed full‑year expense guidance. These fundamentals are a primary driver of the rally. PR Newswire Q1 Release
• Positive Sentiment: Trading momentum: MIAX reported a 23.9% increase in multi‑listed options ADV YTD in April, supporting revenue growth and market-share gains. April Trading Results
• Positive Sentiment: Rosenblatt raised its price target to $61 and maintains a Buy rating, signaling analyst confidence and implying meaningful upside versus the prior price level. Rosenblatt PT to $61
• Neutral Sentiment: Full Q1 earnings transcript and call are available for deeper diligence — useful for verifying drivers behind revenue and margin beats. Earnings Transcript
• Neutral Sentiment: Analyst adjustments are mixed: JPMorgan bumped its target to $45 with a Neutral rating, and Keefe, Bruyette & Woods raised its target to $48 with Market Perform — both targets still sit below the current market level, reflecting cautious near‑term sentiment. Benzinga Coverage
• Negative Sentiment: Insider selling: filings show Thomas Gallagher sold 54,229 shares and Douglas Schafer Jr. sold 48,000 shares recently, which can be interpreted as a negative signal by some investors. Insider Sale - Gallagher
• Negative Sentiment: Valuation looks rich: MIAX carries a high P/E (~96 reported) after the move higher, and several analyst targets remain below today’s price — leaving limited margin of safety for some investors. (See analyst notes above.)

Institutional Investors Weigh In On Miami International

A number of hedge funds have recently made changes to their positions in MIAX. Swiss National Bank increased its holdings in shares of Miami International by 6.3% during the first quarter. Swiss National Bank now owns 33,800 shares of the company's stock valued at $1,315,000 after purchasing an additional 2,000 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Miami International by 19.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,112,261 shares of the company's stock worth $43,790,000 after purchasing an additional 180,208 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Miami International by 29.1% in the first quarter. Bank of New York Mellon Corp now owns 77,990 shares of the company's stock valued at $3,035,000 after buying an additional 17,572 shares during the period. Fifth Third Bancorp acquired a new position in Miami International during the first quarter worth about $61,000. Finally, Atlas Wealth Partners LLC raised its position in Miami International by 54.1% in the first quarter. Atlas Wealth Partners LLC now owns 37,707 shares of the company's stock worth $1,468,000 after acquiring an additional 13,233 shares in the last quarter.

Miami International Stock Performance

The stock's fifty day simple moving average is $42.13 and its two-hundred day simple moving average is $43.25. The company has a market capitalization of $4.92 billion and a price-to-earnings ratio of 96.15.

Miami International (NYSE:MIAX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $369.69 million during the quarter, compared to analyst estimates of $122.74 million. During the same period in the prior year, the firm earned $0.38 EPS. The business's revenue for the quarter was up 40.0% on a year-over-year basis. On average, equities analysts anticipate that Miami International Holdings, Inc. will post 1.45 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.