Miami International (NYSE:MIAX) Announces Quarterly Earnings Results

Miami International (NYSE:MIAX) announced its earnings results on Wednesday. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11, Zacks reports.

Miami International Stock Performance

MIAX traded up $1.36 on Wednesday, hitting $40.92. The company had a trading volume of 1,900,770 shares, compared to its average volume of 1,262,072. The stock’s fifty day simple moving average is $42.93. Miami International has a 1 year low of $28.63 and a 1 year high of $51.38. The stock has a market cap of $3.33 billion and a price-to-earnings ratio of 2,045.75.

Wall Street Analyst Weigh In

MIAX has been the subject of several research reports. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Piper Sandler boosted their price target on shares of Miami International from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Rosenblatt Securities restated a “buy” rating and issued a $55.00 price target on shares of Miami International in a research report on Tuesday, December 9th. Finally, Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Miami International has a consensus rating of “Hold” and an average price target of $47.20.

Institutional Investors Weigh In On Miami International

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming purchased a new position in Miami International in the fourth quarter worth approximately $26,000. National Bank of Canada FI acquired a new stake in shares of Miami International in the 3rd quarter valued at $29,000. Stifel Financial Corp purchased a new stake in shares of Miami International during the 4th quarter worth $211,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Miami International during the fourth quarter worth $264,000. Finally, Armistice Capital LLC purchased a new position in Miami International in the fourth quarter valued at $264,000.

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.