Miami International (NYSE:MIAX) Sets New 52-Week High - Should You Buy?

Key Points

• Miami International Holdings, Inc. shares reached a new 52-week high of $43.61, reflecting a 3.9% increase from the previous close of $42.09.
• Multiple analysts have recently issued ratings, with four recommending a Buy and four giving a Hold rating; the average target price is $40.60.
• Director Murray Stahl purchased 34,470 shares at an average cost of $36.10, increasing his stake in the company to a total of 4,557,919 shares valued at approximately $164.5 million.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $43.18 and last traded at $43.61, with a volume of 56302 shares changing hands. The stock had previously closed at $42.09.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. William Blair initiated coverage on Miami International in a research report on Monday, September 8th. They set an "outperform" rating for the company. Wall Street Zen raised Miami International to a "hold" rating in a report on Saturday, August 23rd. Piper Sandler started coverage on Miami International in a research report on Monday, September 8th. They issued an "overweight" rating and a $39.00 target price on the stock. Raymond James Financial started coverage on shares of Miami International in a research report on Monday, September 8th. They set a "market perform" rating for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Miami International in a report on Monday, September 8th. They issued a "neutral" rating and a $32.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $40.60.

Miami International Stock Up 3.9%

Insider Buying and Selling at Miami International

In other news, Director Murray Stahl bought 34,470 shares of the stock in a transaction dated Thursday, August 28th. The shares were acquired at an average cost of $36.10 per share, with a total value of $1,244,367.00. Following the purchase, the director directly owned 4,557,919 shares in the company, valued at $164,540,875.90. The trade was a 0.76% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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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