OXPS February Trading Activity Below Estimates But Consistent With Industry
Analysts at William Blair & Co maintain their "outperform" rating on optionsXpress Holdings Inc (NASDAQ: OXPS).
According to William Blair & Co, OXPS’s “Retail DARTs equaled 28,000 in February, down 17% relative to January and 8% from a year ago, and well below our estimate.” “Option DARTs declined 19% from January and equity DARTs declined 23%. February activity slowed relative to January in both US cash equities (down 6% versus January) and U.S. equity options (down 16% versus January),” the analysts say.
William Blair & Co said, “OptionsXpress results were generally in line with other retails brokers—within our coverage universe Charles Schwab (SCHW $18.49; Market Perform) reported February DARTs that were down 15%, compared with January. The reduced activity in February highlights the continued pressure on the industry overall, with continued caution among retail investors.”
