EverCommerce (EVCM)
Market Price (7/11/2026): $10.18 | Market Cap: $1.8 BilSector: Information Technology | Industry: Application Software
EverCommerce (EVCM)
Market Price (7/11/2026): $10.18Market Cap: $1.8 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% Megatrend and thematic driversMegatrends include Cloud Computing, Fintech & Digital Payments, and Digitalization of Services. Themes include Software as a Service (SaaS), Show more. | Weak multi-year price returns2Y Excs Rtn is -45%, 3Y Excs Rtn is -85% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.04 | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.4% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% Key risksEVCM key risks include [1] a substantial debt load and high financial leverage, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Fintech & Digital Payments, and Digitalization of Services. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -45%, 3Y Excs Rtn is -85% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.04 |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.4% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% |
| Key risksEVCM key risks include [1] a substantial debt load and high financial leverage, Show more. |
Qualitative Assessment
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EverCommerce (EVCM) stock has lost about 10% since 3/31/2026 because of the following key factors:
1. EverCommerce reported a significant earnings per share (EPS) miss for fiscal Q1 2026. The company announced an EPS of $0.04 on May 7, 2026, which substantially missed analysts' consensus estimates of $0.14 or $0.16, translating to a 75% negative surprise. This shortfall likely eroded investor confidence and contributed to the stock's decline.
2. Increased operating expenses pressured profitability during fiscal Q1 2026. Adjusted operating expenses rose to 50.3% of revenue in fiscal Q1 2026, up from 46.5% in the prior year, due to targeted investments in sales and product development, including the integration of ZyraTalk. This increase in expenses impacted the company's short-term margins and contributed to the earnings per share miss.
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EverCommerce (EVCM) stock has lost about 10% since 3/31/2026 because of the following key factors:
1. EverCommerce reported a significant earnings per share (EPS) miss for fiscal Q1 2026. The company announced an EPS of $0.04 on May 7, 2026, which substantially missed analysts' consensus estimates of $0.14 or $0.16, translating to a 75% negative surprise. This shortfall likely eroded investor confidence and contributed to the stock's decline.
2. Increased operating expenses pressured profitability during fiscal Q1 2026. Adjusted operating expenses rose to 50.3% of revenue in fiscal Q1 2026, up from 46.5% in the prior year, due to targeted investments in sales and product development, including the integration of ZyraTalk. This increase in expenses impacted the company's short-term margins and contributed to the earnings per share miss.
3. Analyst sentiment softened with lowered price targets following the Q1 2026 results. Post-earnings, several analysts adjusted their price targets downwards, reflecting a more cautious outlook. For instance, David Hynes from Canaccord Genuity reduced his price target to $13.00 from $14.00 in May 2026, while Gabriela Borges from Goldman Sachs lowered her target to $8.00 from $9.00 in March 2026. The overall consensus rating for EverCommerce subsequently became "Hold," with an average price target ranging from $11.25 to $11.75, indicating limited upside potential according to market analysts.
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Stock Movement Drivers
Fundamental Drivers
The -11.0% change in EVCM stock from 3/31/2026 to 7/10/2026 was primarily driven by a -52.0% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7102026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.43 | 10.17 | -11.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 589 | 594 | 0.9% |
| Net Income Margin (%) | 3.0% | 5.5% | 83.0% |
| P/E Multiple | 116.0 | 55.6 | -52.0% |
| Shares Outstanding (Mil) | 179 | 178 | 0.5% |
| Cumulative Contribution | -11.0% |
Market Drivers
3/31/2026 to 7/10/2026| Return | Correlation | |
|---|---|---|
| EVCM | -11.0% | |
| Market (SPY) | 16.1% | 23.4% |
| Sector (XLK) | 39.8% | 16.4% |
Fundamental Drivers
The -16.0% change in EVCM stock from 12/31/2025 to 7/10/2026 was primarily driven by a -19.3% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7102026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.11 | 10.17 | -16.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 581 | 594 | 2.2% |
| P/S Multiple | 3.8 | 3.0 | -19.3% |
| Shares Outstanding (Mil) | 181 | 178 | 1.9% |
| Cumulative Contribution | -16.0% |
Market Drivers
12/31/2025 to 7/10/2026| Return | Correlation | |
|---|---|---|
| EVCM | -16.0% | |
| Market (SPY) | 11.0% | 23.0% |
| Sector (XLK) | 29.2% | 15.4% |
Fundamental Drivers
The -3.1% change in EVCM stock from 6/30/2025 to 7/10/2026 was primarily driven by a -10.5% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7102026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.50 | 10.17 | -3.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 567 | 594 | 4.9% |
| P/S Multiple | 3.4 | 3.0 | -10.5% |
| Shares Outstanding (Mil) | 183 | 178 | 3.3% |
| Cumulative Contribution | -3.1% |
Market Drivers
6/30/2025 to 7/10/2026| Return | Correlation | |
|---|---|---|
| EVCM | -3.1% | |
| Market (SPY) | 23.2% | 22.1% |
| Sector (XLK) | 47.3% | 13.6% |
Fundamental Drivers
The -14.1% change in EVCM stock from 6/30/2023 to 7/10/2026 was primarily driven by a -13.7% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7102026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.84 | 10.17 | -14.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 638 | 594 | -6.9% |
| P/S Multiple | 3.5 | 3.0 | -13.7% |
| Shares Outstanding (Mil) | 190 | 178 | 7.0% |
| Cumulative Contribution | -14.1% |
Market Drivers
6/30/2023 to 7/10/2026| Return | Correlation | |
|---|---|---|
| EVCM | -14.1% | |
| Market (SPY) | 76.3% | 39.9% |
| Sector (XLK) | 117.7% | 33.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EVCM Return | -11% | -53% | 48% | -0% | 10% | -16% | -42% |
| Peers Return | -29% | -33% | 13% | 3% | -3% | -5% | -49% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| EVCM Win Rate | 33% | 33% | 33% | 50% | 58% | 29% | |
| Peers Win Rate | 38% | 38% | 50% | 57% | 43% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| EVCM Max Drawdown | - | -62% | -39% | -23% | -34% | -32% | |
| Peers Max Drawdown | -47% | -52% | -43% | -33% | -38% | -42% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TTAN, ROL, PHR, TDOC, FTDR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/10/2026 (YTD)
How Low Can It Go
| Event | EVCM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.4% | -18.8% |
| % Gain to Breakeven | 21.1% | 23.1% |
| Time to Breakeven | 57 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.6% | -7.8% |
| % Gain to Breakeven | 13.1% | 8.5% |
| Time to Breakeven | 85 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -32.5% | -9.5% |
| % Gain to Breakeven | 48.1% | 10.5% |
| Time to Breakeven | 250 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.5% | -6.7% |
| % Gain to Breakeven | 19.8% | 7.1% |
| Time to Breakeven | 6 days | 31 days |
In The Past
EverCommerce's stock fell -17.4% during the 2025 US Tariff Shock. Such a loss loss requires a 21.1% gain to breakeven.
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| Event | EVCM | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -32.5% | -9.5% |
| % Gain to Breakeven | 48.1% | 10.5% |
| Time to Breakeven | 250 days | 24 days |
In The Past
EverCommerce's stock fell -17.4% during the 2025 US Tariff Shock. Such a loss loss requires a 21.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About EverCommerce (EVCM)
EverCommerce Inc. (EVCM) is a technology company that provides integrated software-as-a-service (SaaS) solutions specifically designed for service-based small and medium-sized businesses (SMBs). Operating in the United States and internationally, the company aims to empower these businesses with a comprehensive suite of digital tools that streamline their operations, enhance customer engagement, and improve overall efficiency and profitability.
The company's core offerings span several critical business functions. These include specialized business management software for tasks like route-based dispatching, medical practice management, and gym member management. EverCommerce also provides billing and payment solutions, customer engagement applications suchce as reputation management and messaging, and marketing technology tools covering websites, hosting, and digital lead generation. Many of these solutions are organized into specialized suites such as EverPro for home services, EverHealth for health services, and EverWell for fitness and wellness, all supported by professional implementation and training services.
EverCommerce primarily serves a diverse range of service professionals across various industries. Its key customer segments include home service professionals like home improvement contractors and maintenance technicians, healthcare providers such as physician practices and therapists, and businesses within the fitness and wellness sectors, including personal trainers and salon owners. By focusing on these service-centric SMBs, EverCommerce addresses the unique operational and growth challenges faced by businesses that rely heavily on client interactions and recurring services.
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Here are a few analogies to describe EverCommerce (EVCM):
- Shopify for service businesses.
- Square for the home, health, and wellness service industries.
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Major Products and Services of EverCommerce (EVCM)
- Business Management Software: Provides solutions for operational tasks such as route-based dispatching, medical practice management, and gym member management.
- Billing & Payment Solutions: Offers tools for e-invoicing, mobile payments, and integrated payment processing.
- Customer Engagement Applications: Includes features for reputation management and messaging to connect with clients.
- Marketing Technology Solutions: Delivers services such as website development, hosting, and digital lead generation.
- EverPro Suite: A specialized set of solutions tailored for professionals in home services.
- EverHealth Suite: A comprehensive package of solutions designed for health services providers.
- EverWell Suite: Dedicated solutions catering to businesses in the fitness and wellness sectors.
- Professional Services: Supports clients with implementation, configuration, installation, and training for their software solutions.
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EverCommerce (EVCM) primarily sells its software-as-a-service solutions to other companies, specifically a wide range of service-based small and medium-sized businesses. Given the nature of its customer base, it does not have a few major identifiable corporate customers that can be listed by name and stock symbol. Instead, its customers are categorized into the following sectors:
- Home Service Professionals: This category includes businesses such as home improvement contractors, plumbers, electricians, landscapers, cleaning services, and other home maintenance technicians.
- Physician Practices and Therapists: Within the health services industry, EverCommerce serves various healthcare providers, including medical offices, clinics, mental health therapists, and other physician practices.
- Personal Trainers and Salon Owners: In the fitness and wellness sectors, its customers include fitness studios, personal trainers, massage therapists, barbers, and beauty salon owners.
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- Amazon.com, Inc. (AMZN)
- Alphabet Inc. (GOOGL)
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Eric Remer
Chief Executive Officer
Eric Remer is the Chief Executive Officer of EverCommerce. He co-founded and served as CEO of PaySimple, guiding its growth to a $50 million revenue company. Prior to PaySimple, Mr. Remer founded and was part of the management teams of several startups, including the Conclave Group, a direct marketing services company, and I-Behavior, a behavioral targeting and database marketing organization. I-Behavior successfully sold its online division, Acerno, to Akamai, and its offline data division to the KBM Group.
Ryan Siurek
Chief Financial Officer
Ryan Siurek was appointed Chief Financial Officer of EverCommerce effective September 6, 2024. He previously served as the company's Chief Accounting Officer since July 2023. Prior to EverCommerce, Mr. Siurek was the Chief Accounting Officer at Biodesix, Inc., a publicly traded lung diagnostics solutions company, where he helped scale and grow the company. He also served as Senior Vice President and Chief Accounting Officer at Vail Resorts, assisting in the integration of 28 resorts and expanding global accounting operations. His career includes various finance and accounting leadership roles at Sprint Corporation.
Matt Feierstein
President, EverCommerce & CEO, EverPro
Matt Feierstein is the President of EverCommerce, overseeing holistic business operations and responsible for the revenue and profitability of its subsidiaries. He also serves as CEO of EverPro. Mr. Feierstein has over two decades of cross-functional management experience in the online software space, including seven years as President of PaySimple and four years as COO of IAC's Pronto division.
Ellora Sengupta
Chief Information Officer
Ellora Sengupta is the Chief Information Officer of EverCommerce, responsible for enhancing and maintaining the company's corporate systems, infrastructure, security, enterprise technology, IT platforms, data infrastructure, and analytics. She brings over 25 years of experience leading information technology and digital transformation at various organizations, ranging from startups to large enterprises.
Lisa Storey
Chief Legal Officer, Corporate Secretary, and Chief Compliance Officer
Lisa Storey serves as EverCommerce's Chief Legal Officer, Corporate Secretary, and Chief Compliance Officer.
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The key risks to EverCommerce's business include its significant financial leverage, intense competition coupled with slowing organic growth, and substantial regulatory compliance and cybersecurity challenges.
- High Financial Leverage and Debt Burden: EverCommerce carries a substantial debt load, estimated at around $1.2 billion in 2025, resulting in a high leverage multiple (e.g., 6.4x Debt-to-Adjusted EBITDA). This makes the company highly sensitive to interest rate fluctuations and impacts its ability to generate sufficient cash flow for growth initiatives, posing a significant structural threat to its financial stability. Servicing this debt requires consistent cash flow generation, often relying on the success of acquired businesses to deleverage.
- Intense Competition and Slowing Organic Revenue Growth: EverCommerce operates in a highly competitive Software-as-a-Service (SaaS) market across its various verticals. Despite strategic acquisitions, the company faces challenges in maintaining market share. Its core business performance, without the boost of new acquisitions, shows a slower organic growth rate (e.g., 5.3% year-over-year in Q3 2025) which trails the broader U.S. Software industry's growth forecast (e.g., 12% per annum), indicating potential difficulties in sustained growth solely from its existing portfolio.
- Regulatory Compliance and Cybersecurity Risks: As a provider of integrated software and payment solutions, particularly in health services, EverCommerce is subject to stringent and evolving regulations related to privacy, data protection, and information security. Failure to comply with these laws, as well as the requirements of payment card networks and processors, could lead to significant legal liabilities, financial penalties, reputational damage, or the suspension/termination of critical agreements, especially given the sensitive nature of the data it handles.
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The clear emerging threats to EverCommerce are:
- Expansion of Large Platform Ecosystems: Major technology companies such as Google and Meta are increasingly integrating and offering comprehensive business management tools (including scheduling, booking, payments, and marketing) directly within their widely used consumer-facing platforms (e.g., Google Search, Maps, Facebook, and Instagram). This trend could enable service-based small and medium-sized businesses (SMBs) to manage their operations and customer interactions directly on these platforms, potentially reducing their reliance on third-party SaaS providers like EverCommerce.
- Payment Processors Evolving into All-in-One SMB Operating Systems: Companies that originated as payment processors, most notably Square (Block) and Stripe, are aggressively expanding their offerings beyond just payment processing into comprehensive software suites for SMBs. These suites often include features such as point-of-sale (POS), scheduling, customer relationship management (CRM), payroll, and marketing, directly competing with EverCommerce's integrated solutions, particularly in the home services, health, and fitness/wellness verticals. Their ability to bundle payments with software provides a strong incentive for SMBs to adopt their platforms as a complete operating system.
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- Business Management Products: The global total addressable market for business management products is approximately $860 billion.
- Payments Processing: The global total addressable market for payments processing is over $190 billion.
- Home and Field Services: The global total addressable market for home and field services is approximately $170 billion.
- Health Services: The global total addressable market for health services is approximately $270 billion.
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EverCommerce (EVCM) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- AI-Driven Product Innovation: EverCommerce is aggressively investing in and integrating artificial intelligence (AI) into its platforms to enhance customer experiences and create new revenue streams. The company is developing "native AI-agentic features" across its solutions, with early successes such as the EverHealth Scribe AI tool, which has a high satisfaction rate and a waitlist of providers, and an AI-powered no-show predictor that has significantly reduced patient no-shows. This focus on AI is expected to accelerate revenue growth by delivering enhanced customer experiences and operational efficiencies.
- Expansion of Multi-Solution Offerings and Integrated Payment Solutions: A significant driver for EverCommerce is the increased adoption of multiple solutions by its customer base and the expansion of its integrated payment processing capabilities. Multi-solution customers demonstrate higher revenue generation and stronger retention. The company is focused on enabling payments at the point of initial SaaS sale and driving cross-sell into its existing customer base. Payments processing represents a high-margin opportunity, with the company's top six solutions driving significant total payment volume (TPV) growth and contributing substantially to incremental gross margins.
- Enhanced Go-to-Market Strategies and Operational Efficiency: EverCommerce is investing in its go-to-market organization and operational excellence to drive durable growth. This includes efforts to improve sales execution and achieve efficiencies, particularly after its strategic transformation in 2025, which involved divesting non-core assets like the Marketing Technology Solutions business to focus on its core verticals of EverHealth, EverPro, and EverWell. These investments are anticipated to lead to continued operating leverage and accelerate growth in key business segments.
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Share Repurchases
- In June 2022, EverCommerce announced a $50 million share repurchase program.
- By May 2024, the company's Board of Directors increased the program authorization by $50 million and extended it through December 31, 2025, bringing the total authorized amount to $200 million. Through May 21, 2024, EverCommerce had repurchased approximately 14.6 million shares for $136 million.
- In November 2025, the Board approved another $50 million increase, extending the program through December 31, 2026, for a total authorization of $300 million since the program's inception. As of December 31, 2025, $47.7 million remained available under this program, and the company repurchased 2.5 million shares for approximately $24.8 million in Q4 2025.
Share Issuance
- EverCommerce issued common stock through its Employee Stock Purchase Plan, with proceeds of $3.036 million and $3.310 million (in thousands) reported for various periods.
Outbound Investments
- In September 2025, EverCommerce acquired ZyraTalk, an AI-powered customer engagement solution, to expand and accelerate AI capabilities across its SaaS solutions, initially within its EverPro vertical.
- In November 2021, the company completed the acquisition of DrChrono Inc., a mobile-first platform, to enhance its EverHealth suite of solutions for independent medical practices.
- In July 2021, EverCommerce acquired Medical Design Technologies (MDTech), a provider of mobile charge capture solutions, further integrating it into the EverHealth suite.
Capital Expenditures
- EverCommerce's capital expenditures were $15 million in 2021, $18 million in 2022, $23 million in 2023, and $19 million in 2024.
- In Q3 2025, the company invested $941,000 in capital expenditures, representing an 88.6% increase from the prior quarter.
- For 2026, EverCommerce plans continued investment in AI-based features, payments enablement, and go-to-market organization, with strategic capital investments in product.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| EverCommerce Stock Shares Sink 5.8% In A Day, Should You Buy The Stock? | 12/16/2025 | |
| Is EverCommerce Stock Outperforming Its Rivals? | 12/16/2025 | |
| Would You Still Hold EverCommerce Stock If It Fell Another 30%? | 10/17/2025 | |
| EverCommerce (EVCM) Operating Cash Flow Comparison | 08/08/2025 | |
| EverCommerce (EVCM) Net Income Comparison | 08/08/2025 | |
| EverCommerce (EVCM) EBITDA Comparison | 08/08/2025 | |
| EverCommerce (EVCM) Tax Expense Comparison | 08/08/2025 | |
| EverCommerce (EVCM) Revenue Comparison | 08/08/2025 | |
| EverCommerce (EVCM) Debt Comparison | 08/08/2025 | |
| EverCommerce (EVCM) Operating Income Comparison | 08/08/2025 | |
| ARTICLES | ||
| How Does EverCommerce Stock Compare With Peers? | 12/16/2025 | |
| Buy or Sell EverCommerce Stock? | 12/16/2025 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 27.59 |
| Mkt Cap | 3.6 |
| Rev LTM | 1,567 |
| Op Inc LTM | 31 |
| FCF LTM | 112 |
| FCF 3Y Avg | 169 |
| CFO LTM | 206 |
| CFO 3Y Avg | 311 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.5% |
| Rev Chg 3Y Avg | 8.1% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Inc Chg LTM | 21.7% |
| Op Inc Chg 3Y Avg | 31.6% |
| Op Mgn LTM | 5.2% |
| Op Mgn 3Y Avg | 6.9% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 17.3% |
| CFO/Rev 3Y Avg | 16.1% |
| FCF/Rev LTM | 12.4% |
| FCF/Rev 3Y Avg | 14.5% |
Price Behavior
| Market Price | $10.17 | |
| Market Cap ($ Bil) | 1.8 | |
| First Trading Date | 07/01/2021 | |
| Distance from 52W High | -24.1% | |
| 50 Days | 200 Days | |
| DMA Price | $10.08 | $10.85 |
| DMA Trend | down | down |
| Distance from DMA | 0.8% | -6.2% |
| 3M | 1YR | |
| Volatility | 58.3% | 57.5% |
| Downside Capture | 130.35 | 104.54 |
| Upside Capture | 49.32 | 72.80 |
| Correlation (SPY) | 23.2% | 22.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.89 | 0.70 | 0.71 | 0.96 | 1.00 | 1.16 |
| Up Beta | 3.19 | 2.31 | 0.93 | 1.31 | 1.27 | 1.23 |
| Down Beta | 0.19 | 0.62 | 0.10 | 0.80 | 1.13 | 1.13 |
| Up Capture | -14% | -24% | 17% | 55% | 64% | 88% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 20 | 31 | 59 | 130 | 384 |
| Down Capture | 104% | 77% | 147% | 119% | 99% | 106% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 19 | 30 | 63 | 115 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EVCM | |
|---|---|---|---|---|
| EVCM | -5.9% | 57.4% | 0.11 | - |
| Sector ETF (XLK) | 44.9% | 24.3% | 1.47 | 13.5% |
| Equity (SPY) | 22.1% | 12.5% | 1.31 | 22.1% |
| Gold (GLD) | 23.5% | 27.8% | 0.75 | -5.6% |
| Commodities (DBC) | 23.6% | 18.7% | 0.99 | -16.4% |
| Real Estate (VNQ) | 13.4% | 13.9% | 0.67 | 10.4% |
| Bitcoin (BTCUSD) | -43.4% | 42.8% | -1.21 | 14.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EVCM | |
|---|---|---|---|---|
| EVCM | -10.3% | 49.7% | -0.04 | - |
| Sector ETF (XLK) | 21.1% | 25.5% | 0.74 | 39.5% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 43.9% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 3.3% |
| Commodities (DBC) | 7.3% | 19.5% | 0.27 | 2.9% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.05 | 36.3% |
| Bitcoin (BTCUSD) | 13.5% | 53.4% | 0.44 | 25.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EVCM | |
|---|---|---|---|---|
| EVCM | -5.3% | 49.7% | -0.04 | - |
| Sector ETF (XLK) | 25.4% | 24.7% | 0.93 | 39.5% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 43.9% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 3.3% |
| Commodities (DBC) | 6.0% | 18.0% | 0.26 | 2.9% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 36.3% |
| Bitcoin (BTCUSD) | 58.3% | 66.2% | 0.98 | 25.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/10/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | 1.5% | -19.2% | -23.2% |
| 3/12/2026 | -16.6% | -13.4% | -3.7% |
| 11/6/2025 | -19.3% | -24.8% | -14.0% |
| 8/6/2025 | 9.8% | 5.6% | 10.9% |
| 5/8/2025 | 6.3% | 3.0% | -0.5% |
| 3/13/2025 | 4.6% | 11.6% | 12.7% |
| 11/12/2024 | -7.0% | -6.5% | 0.3% |
| 8/6/2024 | -5.3% | -7.1% | -2.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 8 | 6 |
| # Negative | 10 | 12 | 14 |
| Median Positive | 4.5% | 4.3% | 9.0% |
| Median Negative | -8.4% | -9.1% | -6.5% |
| Max Positive | 20.0% | 11.6% | 27.2% |
| Max Negative | -19.3% | -24.8% | -23.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | 1.5% | -19.2% | -23.2% |
| 3/12/2026 | -16.6% | -13.4% | -3.7% |
| 11/6/2025 | -19.3% | -24.8% | -14.0% |
| 8/6/2025 | 9.8% | 5.6% | 10.9% |
| 5/8/2025 | 6.3% | 3.0% | -0.5% |
| 3/13/2025 | 4.6% | 11.6% | 12.7% |
| 11/12/2024 | -7.0% | -6.5% | 0.3% |
| 8/6/2024 | -5.3% | -7.1% | -2.2% |
| 5/9/2024 | 4.1% | 10.0% | -2.0% |
| 3/14/2024 | -9.6% | -3.3% | -8.1% |
| 11/6/2023 | -15.3% | -17.5% | 0.3% |
| 8/7/2023 | 4.5% | -0.7% | -4.8% |
| 5/9/2023 | 3.8% | -7.3% | -6.4% |
| 3/15/2023 | 20.0% | 10.6% | 27.2% |
| 11/10/2022 | -16.3% | -17.5% | -22.4% |
| 8/8/2022 | -0.9% | 0.2% | -6.6% |
| 5/9/2022 | -7.2% | -11.0% | -9.8% |
| 3/14/2022 | 3.1% | 0.5% | 7.0% |
| 11/8/2021 | 6.5% | 0.5% | -16.5% |
| 8/9/2021 | -4.8% | -0.3% | -3.1% |
| SUMMARY STATS | |||
| # Positive | 10 | 8 | 6 |
| # Negative | 10 | 12 | 14 |
| Median Positive | 4.5% | 4.3% | 9.0% |
| Median Negative | -8.4% | -9.1% | -6.5% |
| Max Positive | 20.0% | 11.6% | 27.2% |
| Max Negative | -19.3% | -24.8% | -23.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 03/15/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/12/2021 | 10-Q |
| 03/31/2021 | 07/06/2021 | 424B4 |
Recent Forward Guidance
Updated 7/8/2026Latest: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 150.50 Mil | 152.00 Mil | 153.50 Mil | 3.4% | Higher New | Guidance: 147.00 Mil for Q1 2026 | |
| Q2 2026 Adjusted EBITDA | 41.00 Mil | 42.00 Mil | 43.00 Mil | 5.0% | Higher New | Guidance: 40.00 Mil for Q1 2026 | |
| 2026 Revenue | 612.00 Mil | 622.00 Mil | 632.00 Mil | 0 | Affirmed | Guidance: 622.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | 183.00 Mil | 187.00 Mil | 191.00 Mil | 0 | Affirmed | Guidance: 187.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 3/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 145.50 Mil | 147.00 Mil | 148.50 Mil | -2.0% | Lower New | Guidance: 150.00 Mil for Q4 2025 | |
| Q1 2026 Adjusted EBITDA | 39.00 Mil | 40.00 Mil | 41.00 Mil | -1.2% | Lower New | Guidance: 40.50 Mil for Q4 2025 | |
| 2026 Revenue | 612.00 Mil | 622.00 Mil | 632.00 Mil | 5.8% | Higher New | Guidance: 588.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | 183.00 Mil | 187.00 Mil | 191.00 Mil | 5.6% | Higher New | Guidance: 177.00 Mil for 2025 | |
Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 148.00 Mil | 150.00 Mil | 152.00 Mil | ||||
| Q4 2025 Adjusted EBITDA | 39.50 Mil | 40.50 Mil | 41.50 Mil | ||||
| 2025 Revenue | 584.00 Mil | 588.00 Mil | 592.00 Mil | -0.5% | Lowered | Guidance: 591.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | 174.50 Mil | 177.00 Mil | 179.50 Mil | 1.7% | Raised | Guidance: 174.00 Mil for 2025 | |
Insider Activity
Updated 7/9/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 7092026 | 9.86 | 8,742 | 86,196 | 55,999,387 | Form |
| 2 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 7092026 | 10.08 | 11,269 | 113,539 | 57,310,251 | Form |
| 3 | Feierstein, Matthew David | President | Direct | Sell | 7082026 | 10.00 | 1,798 | 17,983 | 20,340,161 | Form |
| 4 | Feierstein, Matthew David | President | Direct | Sell | 7082026 | 10.10 | 10,000 | 101,014 | 20,560,874 | Form |
| 5 | Feierstein, Matthew David | President | Direct | Sell | 7082026 | 10.03 | 10,000 | 100,282 | 20,512,162 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 7092026 | 9.86 | 8,742 | 86,196 | 55,999,387 | Form |
| 2 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 7092026 | 10.08 | 11,269 | 113,539 | 57,310,251 | Form |
| 3 | Feierstein, Matthew David | President | Direct | Sell | 7082026 | 10.00 | 1,798 | 17,983 | 20,340,161 | Form |
| 4 | Feierstein, Matthew David | President | Direct | Sell | 7082026 | 10.10 | 10,000 | 101,014 | 20,560,874 | Form |
| 5 | Feierstein, Matthew David | President | Direct | Sell | 7082026 | 10.03 | 10,000 | 100,282 | 20,512,162 | Form |
| 6 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 7062026 | 10.20 | 18,950 | 193,370 | 58,158,450 | Form |
| 7 | Feierstein, Matthew David | President | Direct | Sell | 7022026 | 10.43 | 10,000 | 104,277 | 21,433,595 | Form |
| 8 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 7022026 | 10.68 | 17,295 | 184,749 | 61,085,221 | Form |
| 9 | Feierstein, Matthew David | President | Direct | Sell | 7022026 | 10.34 | 10,000 | 103,394 | 21,355,493 | Form |
| 10 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 7022026 | 9.89 | 14,800 | 146,402 | 56,737,614 | Form |
| 11 | Feierstein, Matthew David | President | Direct | Sell | 7022026 | 10.02 | 5,179 | 51,885 | 20,792,668 | Form |
| 12 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 6252026 | 9.03 | 1,100 | 9,929 | 51,908,677 | Form |
| 13 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 6182026 | 9.05 | 4,644 | 42,044 | 52,071,599 | Form |
| 14 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 6112026 | 9.15 | 7,517 | 68,787 | 25,103,545 | Form |
| 15 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 6112026 | 9.08 | 11,683 | 106,138 | 24,990,504 | Form |
| 16 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 6032026 | 9.57 | 5,658 | 54,157 | 26,833,833 | Form |
| 17 | Feierstein, Matthew David | President | Direct | Sell | 6032026 | 10.05 | 1,052 | 10,572 | 21,056,571 | Form |
| 18 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 6032026 | 10.53 | 13,542 | 142,619 | 29,584,149 | Form |
| 19 | Feierstein, Matthew David | President | Direct | Sell | 6032026 | 10.53 | 10,000 | 105,342 | 22,082,359 | Form |
| 20 | Feierstein, Matthew David | President | Direct | Sell | 6032026 | 11.26 | 10,000 | 112,630 | 23,722,739 | Form |
| 21 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 5282026 | 10.75 | 4,500 | 48,376 | 30,344,076 | Form |
| 22 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 5282026 | 10.53 | 5,974 | 62,888 | 29,761,155 | Form |
| 23 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 5282026 | 10.58 | 8,726 | 92,284 | 29,962,299 | Form |
| 24 | Storey, Lisa E | Chief Legal Officer | Direct | Sell | 5262026 | 10.38 | 4,000 | 41,532 | 2,543,849 | Form |
| 25 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 5212026 | 10.23 | 3,210 | 32,827 | 29,202,773 | Form |
| 26 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 5212026 | 10.27 | 8,536 | 87,685 | 29,366,819 | Form |
| 27 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 5212026 | 10.20 | 7,454 | 76,058 | 29,257,231 | Form |
| 28 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 5132026 | 9.66 | 9,145 | 88,352 | 27,790,664 | Form |
| 29 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 5132026 | 10.25 | 10,055 | 103,095 | 29,587,043 | Form |
| 30 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 5072026 | 10.72 | 7,208 | 77,290 | 31,050,259 | Form |
| 31 | Feierstein, Matthew David | President | Direct | Sell | 5072026 | 10.83 | 5,000 | 54,137 | 22,960,649 | Form |
| 32 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 5072026 | 11.17 | 11,992 | 133,999 | 32,437,351 | Form |
| 33 | Feierstein, Matthew David | President | Direct | Sell | 5052026 | 11.28 | 10,000 | 112,752 | 23,966,633 | Form |
| 34 | Feierstein, Matthew David | President | Direct | Sell | 5052026 | 11.87 | 10,000 | 118,733 | 25,356,691 | Form |
| 35 | Feierstein, Matthew David | President | Direct | Sell | 5052026 | 11.94 | 10,000 | 119,431 | 25,625,187 | Form |
| 36 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4302026 | 11.49 | 5,867 | 67,388 | 33,480,514 | Form |
| 37 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4302026 | 11.51 | 7,766 | 89,378 | 33,615,080 | Form |
| 38 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4302026 | 11.84 | 5,567 | 65,888 | 34,660,925 | Form |
| 39 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4232026 | 11.55 | 5,503 | 63,535 | 33,876,211 | Form |
| 40 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4232026 | 11.99 | 5,443 | 65,236 | 35,232,299 | Form |
| 41 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4232026 | 12.11 | 8,254 | 99,963 | 35,667,142 | Form |
| 42 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4162026 | 11.98 | 1,596 | 19,119 | 35,379,628 | Form |
| 43 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4162026 | 11.96 | 5,604 | 67,045 | 35,351,764 | Form |
| 44 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4162026 | 11.77 | 12,000 | 141,210 | 34,837,954 | Form |
| 45 | Feierstein, Matthew David | President | Direct | Sell | 4082026 | 11.40 | 5,000 | 56,992 | 24,570,459 | Form |
| 46 | Feierstein, Matthew David | President | Direct | Sell | 4082026 | 11.90 | 10,000 | 118,978 | 25,706,458 | Form |
| 47 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4022026 | 11.42 | 7,786 | 88,919 | 34,166,673 | Form |
| 48 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 4022026 | 11.53 | 11,414 | 131,568 | 34,575,040 | Form |
| 49 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 3252026 | 11.06 | 2,703 | 29,896 | 27,811,564 | Form |
| 50 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 3252026 | 10.79 | 16,497 | 178,079 | 27,172,383 | Form |
| 51 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 3182026 | 10.04 | 2,896 | 29,083 | 25,444,346 | Form |
| 52 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 3182026 | 10.31 | 16,304 | 168,062 | 26,147,407 | Form |
| 53 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 3122026 | 12.13 | 1,874 | 22,728 | 30,962,543 | Form |
| 54 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 3122026 | 12.05 | 6,279 | 75,684 | 30,794,173 | Form |
| 55 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 3122026 | 11.87 | 11,047 | 131,077 | 30,388,120 | Form |
| 56 | Feierstein, Matthew David | President | Direct | Sell | 3062026 | 12.17 | 5,000 | 60,865 | 24,162,687 | Form |
| 57 | Feierstein, Matthew David | President | Direct | Sell | 3062026 | 12.03 | 10,000 | 120,304 | 23,939,786 | Form |
| 58 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 3032026 | 11.43 | 19,200 | 219,364 | 29,625,509 | Form |
| 59 | Feierstein, Matthew David | President | Direct | Sell | 3032026 | 11.38 | 10,000 | 113,831 | 22,814,168 | Form |
| 60 | Feierstein, Matthew David | President | Direct | Sell | 3032026 | 11.34 | 10,000 | 113,397 | 22,840,582 | Form |
| 61 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 2252026 | 10.52 | 11,490 | 120,904 | 27,525,660 | Form |
| 62 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 2242026 | 10.29 | 7,710 | 79,305 | 27,025,190 | Form |
| 63 | Siurek, Ryan H | Chief Financial Officer | Direct | Sell | 2182026 | 10.25 | 832 | 8,528 | 2,318,601 | Form |
| 64 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 2122026 | 10.26 | 8,357 | 85,745 | 27,341,832 | Form |
| 65 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 2122026 | 10.45 | 10,843 | 113,333 | 27,940,560 | Form |
| 66 | Feierstein, Matthew David | President | Direct | Sell | 2102026 | 10.83 | 5,000 | 54,134 | 21,988,151 | Form |
| 67 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 2042026 | 10.77 | 2,797 | 30,127 | 28,910,363 | Form |
| 68 | Feierstein, Matthew David | President | Direct | Sell | 2042026 | 10.80 | 10,000 | 107,988 | 21,985,482 | Form |
| 69 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 2042026 | 10.90 | 16,403 | 178,872 | 29,299,326 | Form |
| 70 | Feierstein, Matthew David | President | Direct | Sell | 2042026 | 10.99 | 10,000 | 109,903 | 22,485,262 | Form |
| 71 | Feierstein, Matthew David | President | Direct | Sell | 2042026 | 12.06 | 10,000 | 120,587 | 24,791,710 | Form |
| 72 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 1292026 | 11.62 | 3,090 | 35,895 | 31,401,932 | Form |
| 73 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 1292026 | 11.95 | 8,268 | 98,777 | 32,331,991 | Form |
| 74 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 1292026 | 12.16 | 7,842 | 95,395 | 33,021,731 | Form |
| 75 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 1262026 | 12.70 | 5,230 | 66,423 | 34,575,525 | Form |
| 76 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 1222026 | 12.22 | 6,776 | 82,797 | 33,329,404 | Form |
| 77 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 1222026 | 12.26 | 7,194 | 88,188 | 33,520,210 | Form |
| 78 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 1152026 | 11.88 | 8,318 | 98,805 | 32,566,035 | Form |
| 79 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 1152026 | 11.82 | 10,882 | 128,638 | 32,507,543 | Form |
| 80 | Feierstein, Matthew David | President | Direct | Sell | 1062026 | 11.62 | 10,000 | 116,161 | 24,056,002 | Form |
| 81 | Feierstein, Matthew David | President | Direct | Sell | 1062026 | 11.66 | 10,000 | 116,553 | 24,253,735 | Form |
| 82 | Feierstein, Matthew David | President | Direct | Sell | 1062026 | 11.37 | 10,000 | 113,749 | 23,783,995 | Form |
| 83 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 12312025 | 12.07 | 5,326 | 64,271 | 33,547,589 | Form |
| 84 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 12312025 | 12.20 | 7,303 | 89,105 | 33,984,261 | Form |
| 85 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 12312025 | 12.11 | 6,571 | 79,552 | 33,809,460 | Form |
| 86 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 12292025 | 12.06 | 10,717 | 129,222 | 33,752,131 | Form |
| 87 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 12172025 | 13.61 | 19,200 | 261,348 | 38,248,554 | Form |
| 88 | Storey, Lisa E | Chief Legal Officer | Direct | Sell | 12172025 | 14.28 | 8,435 | 120,448 | 2,509,337 | Form |
| 89 | Siurek, Ryan H | Chief Financial Officer | Direct | Sell | 12172025 | 12.34 | 8,300 | 102,446 | 2,802,295 | Form |
| 90 | Feierstein, Matthew David | President | Direct | Sell | 12102025 | 10.03 | 10,921 | 109,485 | 21,062,133 | Form |
| 91 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 12102025 | 9.99 | 4,004 | 39,983 | 28,251,176 | Form |
| 92 | Feierstein, Matthew David | President | Direct | Sell | 12102025 | 10.01 | 9,779 | 97,846 | 21,130,437 | Form |
| 93 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 12102025 | 9.87 | 32,706 | 322,743 | 27,957,416 | Form |
| 94 | Feierstein, Matthew David | President | Direct | Sell | 12102025 | 10.04 | 4,300 | 43,184 | 21,307,207 | Form |
| 95 | Storey, Lisa E | Chief Legal Officer | Direct | Sell | 12082025 | 9.84 | 7,651 | 75,298 | 1,828,028 | Form |
| 96 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 12082025 | 9.50 | 26,090 | 247,790 | 27,349,162 | Form |
| 97 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 12042025 | 9.18 | 28,044 | 257,335 | 26,787,137 | Form |
| 98 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 12042025 | 9.01 | 4,056 | 36,547 | 26,556,698 | Form |
| 99 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 11132025 | 9.01 | 500 | 4,502 | 26,766,678 | Form |
| 100 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 11132025 | 9.05 | 600 | 5,432 | 26,914,773 | Form |
| 101 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 11062025 | 11.37 | 5,666 | 64,396 | 33,795,290 | Form |
| 102 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 11062025 | 11.27 | 13,534 | 152,467 | 33,562,065 | Form |
| 103 | Feierstein, Matthew David | President | Direct | Sell | 11052025 | 11.38 | 25,000 | 284,490 | 24,446,738 | Form |
| 104 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 10302025 | 11.77 | 10,643 | 125,312 | 35,236,632 | Form |
| 105 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 10302025 | 12.08 | 8,557 | 103,339 | 36,270,162 | Form |
| 106 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 10232025 | 11.42 | 7,465 | 85,253 | 34,397,377 | Form |
| 107 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 10232025 | 11.44 | 11,735 | 134,198 | 34,528,827 | Form |
| 108 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 10162025 | 10.86 | 19,200 | 208,547 | 32,923,463 | Form |
| 109 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 10082025 | 11.05 | 19,200 | 212,150 | 33,704,555 | Form |
| 110 | Feierstein, Matthew David | President | Direct | Sell | 10032025 | 10.93 | 25,000 | 273,340 | 23,761,938 | Form |
| 111 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 10012025 | 11.02 | 4,536 | 49,999 | 33,834,442 | Form |
| 112 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 10012025 | 11.13 | 14,664 | 163,165 | 34,204,758 | Form |
| 113 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 9242025 | 11.65 | 428 | 4,985 | 35,973,133 | Form |
| 114 | Remer, Eric Richard | Chief Executive Officer | Direct | Sell | 9242025 | 11.71 | 18,772 | 219,745 | 36,161,613 | Form |
| 115 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 9182025 | 11.86 | 4,131 | 49,011 | 60,856,975 | Form |
| 116 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 9182025 | 11.85 | 15,069 | 178,617 | 60,850,030 | Form |
| 117 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 9112025 | 11.40 | 5,021 | 57,221 | 58,676,223 | Form |
| 118 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 9112025 | 11.56 | 14,979 | 173,112 | 59,561,126 | Form |
| 119 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 9032025 | 11.13 | 4,079 | 45,415 | 57,546,860 | Form |
| 120 | Feierstein, Matthew David | President | Direct | Sell | 9032025 | 11.24 | 25,000 | 281,048 | 24,860,147 | Form |
| 121 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 9032025 | 11.23 | 20,421 | 229,414 | 58,111,618 | Form |
| 122 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 8212025 | 10.79 | 2,400 | 25,900 | 56,043,576 | Form |
| 123 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 8212025 | 10.88 | 22,100 | 240,508 | 56,541,753 | Form |
| 124 | Siurek, Ryan H | Chief Financial Officer | Direct | Sell | 8152025 | 10.62 | 10,000 | 106,200 | 2,607,730 | Form |
| 125 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 8132025 | 10.70 | 2,361 | 25,267 | 55,837,864 | Form |
| 126 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 8132025 | 10.54 | 22,139 | 233,263 | 54,999,739 | Form |
| 127 | Storey, Lisa E | Chief Legal Officer | Direct | Sell | 8132025 | 10.54 | 8,342 | 87,905 | 2,120,439 | Form |
| 128 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 8072025 | 10.16 | 12,068 | 122,581 | 53,247,271 | Form |
| 129 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 8072025 | 10.09 | 12,432 | 125,402 | 52,999,428 | Form |
| 130 | Feierstein, Matthew David | President | Direct | Sell | 8042025 | 10.18 | 25,000 | 254,410 | 22,852,857 | Form |
| 131 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 7312025 | 11.12 | 12,639 | 140,518 | 58,553,706 | Form |
| 132 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 7312025 | 11.39 | 11,861 | 135,145 | 60,152,895 | Form |
| 133 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 7232025 | 11.43 | 4,753 | 54,305 | 60,454,183 | Form |
| 134 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 7232025 | 11.40 | 19,747 | 225,155 | 60,384,034 | Form |
| 135 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 7162025 | 10.55 | 9,527 | 100,509 | 56,079,713 | Form |
| 136 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 7162025 | 10.65 | 14,973 | 159,521 | 56,734,042 | Form |
| 137 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 7102025 | 10.70 | 8,204 | 87,808 | 57,156,299 | Form |
| 138 | Remer, Eric Richard | Chief Executive Officer | Buckrail Partners, LLC | Sell | 7102025 | 10.75 | 16,296 | 175,172 | 57,491,736 | Form |
| 139 | Feierstein, Matthew David | President | Direct | Sell | 7032025 | 10.53 | 25,000 | 263,250 | 23,910,176 | Form |
Investor Activity (13F)
Updated Jul 11, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank and community-bank filers are excluded.
| Active Manager |
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| Active Manager |
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Industry Resources
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External Quote Links
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