MI

Miami International Holdings, Inc.

MIAX·NYSE

$40.33

-2.3%
Financial ServicesFinancial - Capital Markets

Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities. Its markets include options through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S. equities through MIAX Pearl Equities; U.S. futures and options on futures through MIAX Futures; and international listings through BSX and TISE. The company also trades hard red spring wheat futures and options on MIAX Futures; offers clearing services for U.S. futures and options through MIAX Futures Clearing; and owns Dorman Trading, a full-service futures commission merchant provides execution and clearing services for introducing brokers, retail customers, institutional clients, and professional traders. Miami International Holdings, Inc. was incorporated in 2007 and is headquartered in Princeton, New Jersey

At a Glance

Live Snapshot
Market Cap$3.83B
EPS-1.0000
P/E Ratio-40.33
Earnings Date06/03/2026
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Miami International Holdings, Inc. Street Expectations Map

MIAX · NYSE

Wall Street analysts project that MIAX stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 50.00, with estimates ranging from a low of 50.00 to a high of 50.00.

Lowest Target
50.00
23.98%
Consensus Target
50.00
23.98%
Highest Target
50.00
23.98%

The consensus 1-year price target stands at 50.00, with estimates ranging from a low of 50.00 to a high of 50.00.

Analyst Consensus Analysis

Upside Potential

+24.0%

Strong upside potential. Consensus indicates attractive return opportunity with favorable risk-reward profile.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Miami International Holdings, Inc. Forward Estimates of Revenue

MIAX · NYSE
Latest Revenue
1.36B
FY 2025
Avg Estimate
524.15M
FY 2026
Estimate Range
507.62M - 542.63M
Analyst Spread

Forward Growth Analysis

Projected Growth-61.6%

Significant contraction projected—major business challenges or industry disruption likely.

Analyst Coverage6 Analysts

Moderate coverage—sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread7%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signals—some positive indicators offset by concerns about growth or uncertainty.

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Miami International Holdings, Inc. Forward Estimates of Net Income

MIAX · NYSE
Latest Net Income
-70.03M
FY 2025
Avg Estimate
107.09M
FY 2026
Estimate Range
100.37M - 113.80M
Analyst Spread

Forward Growth Analysis

Projected Growth+252.9%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage6 Analysts

Moderate coverage—sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread13%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Miami International Holdings, Inc. Forward Estimates of EPS

MIAX · NYSE
Latest EPS
-1.00
FY 2025
Avg Estimate
$1.55
FY 2026
Estimate Range
$1.44 - $1.63
Analyst Spread

Forward Growth Analysis

Projected Growth+254.9%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage4 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread12%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Miami International Holdings, Inc. Forward Estimates of EBIT

MIAX · NYSE
Latest EBIT
-55.69M
FY 2025
Avg Estimate
5.86M
FY 2026
Estimate Range
5.68M - 6.07M
Analyst Spread

Forward Growth Analysis

Projected Growth+110.5%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage6 Analysts

Moderate coverage—sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread7%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Miami International Holdings, Inc. Forward Estimates of EBITDA

MIAX · NYSE
Latest EBITDA
-26.31M
FY 2025
Avg Estimate
17.99M
FY 2026
Estimate Range
17.42M - 18.62M
Analyst Spread

Forward Growth Analysis

Projected Growth+168.4%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage6 Analysts

Moderate coverage—sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread7%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Miami International Holdings, Inc. Forward Estimates of SG&A Expense

MIAX · NYSE
Latest SG&A Expense
0.00
FY 2025
Avg Estimate
76.70M
FY 2026
Estimate Range
74.29M - 79.41M
Analyst Spread

Forward Growth Analysis

Analyst Coverage6 Analysts

Moderate coverage—sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread7%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signals—some positive indicators offset by concerns about growth or uncertainty.

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Miami International Holdings, Inc. Insider Positioning

MIAX · NYSE

During the last 12 months, insiders have purchased $935K and sold $26.63M worth of MIAX shares, resulting in $25.69M of net selling activity.

3 Months

Bought

0

0.00

Sold

433.6K

19.48M

Net Activity

-19.5M

-$19.48M

3-6 Months

Bought

21.6K

934.85K

Sold

174.6K

7.15M

Net Activity

-6.2M

-$6.21M

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
SM

Stahl Murray

Director

21.6K shares3 transactions

$935K

Top Sellers

1
SM

Stahl Murray

Director

174.6K shares2 transactions

$7.15M

2
GTP

Gallagher Thomas P.

Director, Officer: Chairman & Ceo

140.0K shares3 transactions

$6.35M

3
SDMJ

Schafer Douglas M. Jr

Officer: Evp And Cio

96.0K shares2 transactions

$4.18M

4
BS

Brown Shelly

Officer: Evp, Chief Strategy Officer

62.5K shares6 transactions

$2.64M

5
EL

Emmons Lance

Officer: Evp And Cfo

35.0K shares1 transactions

$1.97M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $25.69M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.04:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$19.48M

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.