Miami International (NYSE:MIAX) Sees Large Volume Increase – Time to Buy?

by · The Markets Daily

Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 1,538,438 shares changed hands during mid-day trading, an increase of 115% from the previous session’s volume of 714,940 shares.The stock last traded at $41.8880 and had previously closed at $41.78.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MIAX shares. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Piper Sandler upped their price target on Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Raymond James Financial started coverage on Miami International in a report on Monday, September 8th. They set a “market perform” rating on the stock. Finally, Rosenblatt Securities restated a “buy” rating and issued a $55.00 target price on shares of Miami International in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.20.

Get Our Latest Stock Report on MIAX

Miami International Stock Performance

The firm’s 50 day moving average is $44.70.

Miami International (NYSE:MIAX – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.12. The business’s revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share.

Institutional Investors Weigh In On Miami International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MIAX. Tudor Investment Corp ET AL acquired a new position in shares of Miami International during the third quarter worth approximately $1,833,000. Woodline Partners LP bought a new position in Miami International in the 3rd quarter worth approximately $10,512,000. Zimmer Partners LP acquired a new position in Miami International during the 3rd quarter worth $604,000. Alyeska Investment Group L.P. bought a new position in Miami International in the 3rd quarter valued at $50,959,000. Finally, Unisphere Establishment acquired a new stake in shares of Miami International in the 3rd quarter valued at $4,026,000.

Miami International Company Profile

(Get Free Report)

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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