Miami International Holdings Sells 90% of MIAX Derivatives Exchange Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Equity Sale: Miami International Holdings has completed the sale of 90% of its equity in MIAX Derivatives Exchange while retaining a 10% stake, demonstrating its strategy of partnering with industry leaders to accelerate growth.
- Market Positioning: This transaction positions MIAXdx as a joint venture backed by Robinhood and Susquehanna International Group, further solidifying MIAX's involvement in the prediction markets.
- Shareholder Value: The CEO stated that the sale unlocks significant value for shareholders, indicating MIAX's focus on organic growth opportunities within its core exchanges.
- Future Outlook: Miami International Holdings looks forward to the long-term success of MIAXdx and plans to explore future partnership opportunities with technology-driven leaders in the exchange industry.
Analyst Views on HOOD
Wall Street analysts forecast HOOD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HOOD is 156.24 USD with a low forecast of 130.00 USD and a high forecast of 181.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
16 Buy
4 Hold
0 Sell
Strong Buy
Current: 108.740
Low
130.00
Averages
156.24
High
181.00
Current: 108.740
Low
130.00
Averages
156.24
High
181.00
About HOOD
Robinhood Markets, Inc. is creating a financial services platform for everyone, regardless of their wealth, income, or background. It uses technology to provide access to the financial system. Its offerings include Brokerage, Robinhood Crypto, Custody, Robinhood Wallet, Robinhood Gold, and Robinhood Gold Card. Its Brokerage services include investing, options trading, fractional trading, recurring investment, access to investing on margin, fully paid securities lending, cash sweep, instant withdrawals, Robinhood retirement, 24-hour market, joint investing accounts, and event contracts. It also offers a variety of ways for its customers to grow their financial knowledge, including Robinhood Learn, In-App Education, Newsfeeds, Sherwood Snacks, and Crypto Learn and Earn. Its self-clearing system, order routing system, data platform, and other back-end infrastructure deliver the capabilities that allow its customers to focus on investing, saving and spending.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
