MED MEDIFAST INC Common Stock

NYSE · Consumer products · View on SEC EDGAR ↗
$11.31
Price · Aug 18, 2026
Fundamentals as of Aug 3, 2026

About MEDIFAST INC Common Stock Company overview from Wikipedia

Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics.

Read more

Medifast, Inc. (NYSE: MED) is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics.

Subsidiaries

The company owns five subsidiaries:

Jason Pharmaceuticals, Inc.

Take Shape for Life, Inc. (TSFL) (renamed Optavia from July 2017)

Jason Enterprises, Inc.

Jason Properties, LLC

Seven Crondall, LLC

History

William Vitale, a medical doctor, founded Medifast in 1980. He sold his products directly to other doctors, who in turn prescribed them to their patients alongside behavioural counselling techniques.

The company is publicly traded on the New York Stock Exchange (symbol: MED).

On July 17, 1995, HealthRite (predecessor of Medifast) changed its name from Vitamin Specialties Corp.

In 2000 the company pivoted to a direct-to-consumer marketing program with the help of Jason Pharmaceuticals and in 2001, the company changed its name to Medifast, Inc. In 2002, Retired Marine Colonel Bradley T. MacDonald, Chairman of the Board at the time, along with clinical specialist Dr. Wayne Scott Andersen, created Take Shape For Life as a personal Coach to the Client system and the company's “Habits of Health System.”

In October 2010, Medifast was ranked number 1 on Forbes magazine's list of "America's 100 Best Small Companies". The company was ranked 18th on the 2014 list.

Medifast was named one of Forbes's 100 Most Trustworthy Companies in America in 2016 and 2017.

In July 2017, Medifast changed the name of its subsidiary Take Shape For Life to Optavia and introduced a new line of products, Optavia Essentials, directly sold from Coaches to clients.

In October 2017, Medifast relocated its headquarters to Baltimore from Owings Mills, Maryland. The company is public with a market capitalization of $2.106 billion, as of June 2022.

In December 2023, Medifast announced a partnership with LifeMD, a provider of virtual healthcare services. Under the agreement, Medifast will use LifeMD's virtual platform to offer Medifast clients a clinically supported weight management program, including the option for prescription GLP-1 medications where clinically appropriate. In return, LifeMD will provide its patients with an independent Medifast Coach and additional lifestyle support services for weight management.

False advertising settlement

In September 2012, Medifast's subsidiary, Jason Pharmaceuticals, paid a $3.7 million USD civil penalty for false advertising. The Federal Trade Commission and United States Department of Justice said that advertisements for the "Medifast 5 & 1 Plan" low-calorie diet told consumers they could "lose up to 2-5 pounds per week", and that these weight-loss claims lacked a reasonable scientific basis, and were unsubstantiated. Under the settlement, any future claims made by the company must be backed by at least one human clinical study.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

MED Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$11.31
Market Cap
$124M
P/E (TTM)
-6.7
EPS (TTM)
$-1.70
Revenue (TTM)
$386M
Div Yield
0.16%
ROE
-9.0%
Debt/Equity
52W Range
$9 – $15

MED Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $386M
10-point trend, +40.5%
2016-12-31 2025-12-31
EPS $-1.70
10-point trend, -214.1%
2016-12-31 2025-12-31
Free Cash Flow $1M
10-point trend, -94.4%
2016-12-31 2025-12-31
Margins -4.8%
10-point trend, -4.8%
2016-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
MED
Peer Median
P/E (TTM)
5-point trend, -141.7%
-6.7
14.8
P/S (TTM)
5-point trend, -80.9%
0.3
0.7
P/B
5-point trend, -95.1%
0.6
2.9
Price / FCF
5-point trend, +133.6%
99.5

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
MED
Peer Median
Gross Margin
5-point trend, -3.5%
71.3%
69.3%
Operating Margin
5-point trend, -126.0%
-3.7%
Net Profit Margin
5-point trend, -145.0%
-4.8%
4.4%
ROA
5-point trend, -114.4%
-7.0%
6.3%
ROE
5-point trend, -110.9%
-9.0%
14.0%
ROIC
5-point trend, -129.2%
-23.7%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
MED
Peer Median
Current Ratio
5-point trend, +159.8%
4.7
2.4
Quick Ratio
5-point trend, +503.6%
3.9

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
MED
Peer Median
Revenue YoY
5-point trend, -74.7%
-36.0%
Revenue CAGR 3Y
5-point trend, -74.7%
-37.7%
Revenue CAGR 5Y
5-point trend, -74.7%
-16.2%
EPS YoY
5-point trend, -112.2%
-97.9%
Net Income YoY
5-point trend, -111.4%
-97.9%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
MED
Peer Median
EPS (Diluted)
5-point trend, -112.2%
$-1.70

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
MED
Peer Median
Payout Ratio
5-point trend, -102.7%
-1.0%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.16%
Payout Ratio
-1.0%
5Y Div CAGR
Ex-dateAmount
Sept. 18, 2023$1.6500
June 26, 2023$1.6500
March 27, 2023$1.6500
Dec. 19, 2022$1.6400
Sept. 19, 2022$1.6400
June 27, 2022$1.6400
March 28, 2022$1.6400
Dec. 20, 2021$1.4200
Sept. 20, 2021$1.4200
June 21, 2021$1.4200
March 29, 2021$1.4200
Dec. 21, 2020$1.1300
Sept. 21, 2020$1.1300
June 29, 2020$1.1300
March 30, 2020$1.1300
Dec. 26, 2019$1.1300
Sept. 26, 2019$0.7500
June 27, 2019$0.7500
March 28, 2019$0.7500
Dec. 20, 2018$0.7500

MED Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

SELL 9 analysts
  • Strong Buy 0 0.0%
  • Buy 0 0.0%
  • Hold 4 44.4%
  • Sell 4 44.4%
  • Strong Sell 1 11.1%

12-Month Price Target

1 analysts · 2026-08-16
Median target $12.00 +6.1%
Mean target $12.00 +6.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.11%
Period EPS Actual EPS Est Surprise
June 30, 2026 $-0.28 $-0.66 0.38%
March 31, 2026 $-0.19 $-0.53 0.34%
Dec. 31, 2025 $-1.65 $-0.83 -0.82%
Sept. 30, 2025 $-0.21 $-0.39 0.18%
June 30, 2025 $0.22 $-0.22 0.44%
March 31, 2025 $-0.11 $-0.27 0.16%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
MED $117M -6.3 -36.0% -4.8% -9.0% 71.3%
NATR $378M 20.4 5.7% 4.1% 12.0% 72.4%
USNA $355M 33.5 8.3% 1.2% 2.0% 78.3%
NAGE $507M 31.8 29.9% 13.4% 24.7% 64.3%
NUS 3.0 -14.3% 10.8% 22.0% 69.5%
FTLF 25.8 26.4%
SKIN $177M -8.7 -10.0% -3.2% -14.1% 65.3%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for MED
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +35.2% $386M $602M $1.07B $1.60B $1.53B $935M $714M $501M $302M $275M $273M $285M
Cost of Revenue 12-point trend, +45.4% $111M $158M $296M $458M $398M $237M $177M $121M $74M $69M $71M $76M
Gross Profit 12-point trend, +31.5% $275M $445M $776M $1.14B $1.13B $698M $537M $380M $228M $206M $201M $209M
R&D Expense 12-point trend, +230.8% $4M $5M $5M $4M $4M $3M $3M $2M $2M $2M $2M $1M
SG&A Expense 12-point trend, +61.7% $289M $442M $649M $956M $911M $564M $446M $311M $188M $179M $173M $179M
Operating Income 12-point trend, -147.0% $-14M $3M $126M $185M $216M $134M $91M $69M $40M $27M $29M $30M
Other Non-op 12-point trend, +318.3% $3M $-4M $-95.0K $-747.0K $119.0K $-140.0K $29.0K $179.0K $136.0K $-20.0K $326.0K $731.0K
Pretax Income 12-point trend, -117.8% $-6M $4M $129M $184M $216M $134M $92M $71M $40M $27M $30M $32M
Income Tax 12-point trend, +22.2% $13M $2M $29M $40M $52M $31M $14M $15M $13M $9M $10M $11M
Net Income 12-point trend, -241.7% $-19M $2M $99M $144M $164M $103M $78M $56M $28M $18M $20M $13M
EPS (Basic) 12-point trend, -263.5% $-1.70 $0.19 $9.13 $12.82 $14.01 $8.74 $6.62 $4.67 $2.32 $1.51 $1.68 $1.04
EPS (Diluted) 12-point trend, -265.0% $-1.70 $0.19 $9.10 $12.73 $13.89 $8.68 $6.43 $4.62 $2.29 $1.49 $1.66 $1.03
Shares (Basic) 12-point trend, -13.3% 10,981,000 10,930,000 10,884,000 11,195,000 11,705,000 11,771,000 11,771,000 11,947,000 11,924,000 11,842,000 11,959,000 12,670,000
Shares (Diluted) 12-point trend, -14.1% 10,981,000 10,963,000 10,921,000 11,276,000 11,813,000 11,850,000 12,117,000 12,079,000 12,088,000 11,947,000 12,071,000 12,778,000
EBITDA 11-point trend, -99.9% $29.0K $16M $140M $196M $223M $141M $96M $73M $44M $32M $36M ·
Balance Sheet 24
Annual Balance Sheet data for MED
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +265.1% $89M $91M $94M $88M $104M $164M $77M $81M $75M $52M $42M $24M
Short-term Investments 12-point trend, +176.6% $78M $71M $56M $0 $5M $11M $16M $20M $24M $24M $25M $28M
Receivables 7-point trend, -64.6% · · · · · $584.0K $1M $1M $576.0K $1M $2M $2M
Inventory 12-point trend, +28.6% $20M $42M $55M $119M $180M $53M $49M $39M $19M $18M $13M $16M
Prepaid Expense 12-point trend, +215.3% $9M $10M $11M $16M $16M $6M $6M $5M $4M $4M $3M $3M
Current Assets 12-point trend, +146.2% $202M $214M $224M $223M $307M $234M $154M $146M $125M $101M $87M $82M
PP&E (Net) 12-point trend, -6.7% $31M $38M $51M $57M $56M $28M $26M $20M $19M $20M $29M $33M
PP&E (Gross) 12-point trend, +35.0% $99M $96M $99M $97M $89M $55M $49M $54M $52M $56M $75M $74M
Accum. Depreciation 12-point trend, +69.8% $68M $58M $47M $40M $33M $27M $23M $35M $33M $36M $46M $40M
Other Non-current Assets 12-point trend, +1475.1% $8M $10M $15M $12M $6M $3M $353.0K $1M $2M $162.0K $205.0K $497.0K
Total Assets 12-point trend, +113.9% $248M $284M $310M $316M $398M $276M $195M $169M $146M $121M $116M $116M
Accounts Payable 12-point trend, +75.5% $38M $56M $86M $135M $163M $108M $76M $60M $37M $24M $23M $22M
Current Liabilities 12-point trend, +59.4% $43M $64M $92M $141M $170M $111M $79M $60M $37M $24M $24M $27M
Capital Leases 9-point trend, +2416.9% $6M $10M $16M $20M $26M $7M $10M · · · $0 $242.0K
Deferred Tax 4-point trend, -96.2% · · · · · · · · $208.0K $779.0K $4M $5M
Total Liabilities 12-point trend, +38.4% $49M $74M $108M $161M $196M $119M $90M $60M $37M $25M $28M $35M
Common Stock 12-point trend, -8.3% $11.0K $11.0K $11.0K $11.0K $12.0K $12.0K $12.0K $12.0K $12.0K $12.0K $12.0K $12.0K
Paid-in Capital 11-point trend, +3469.4% $40M $33M $27M $22M $12M $8M · $9M $5M $3M $0 $1M
Retained Earnings 12-point trend, +100.6% $158M $177M $175M $140M $190M $154M $169M $131M $104M $93M $89M $79M
Treasury Stock 7-point trend, +0.00 · · $0 $6M $0 $5M $64M $31M · · · $0
AOCI 12-point trend, -46.2% $234.0K $180.0K $248.0K $24.0K $111.0K $41.0K $25.0K $-173.0K $-160.0K $-165.0K $-62.0K $435.0K
Stockholders' Equity 12-point trend, +147.2% $199M $210M $201M $155M $202M $157M $105M $109M $107M $96M $89M $80M
Liabilities + Equity 12-point trend, +113.9% $248M $284M $310M $316M $398M $276M $195M $169M $146M $121M $116M $116M
Shares Outstanding 12-point trend, -9.0% 10,991,000 10,938,000 10,896,000 10,873,000 11,593,000 11,772,000 11,764,000 11,868,000 11,971,000 11,871,000 11,797,000 12,075,764
Cash Flow 16
Annual Cash Flow data for MED
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +76.9% $14M $13M $13M $11M $7M $4M $5M $4M $4M $5M $7M $8M
Stock-based Comp 12-point trend, +95.0% $8M $7M $8M $11M $10M $7M $5M $3M $4M $3M $3M $4M
Deferred Tax 12-point trend, +3907.0% $11M $-7M $1M $-924.0K $-4M $601.0K $2M $-3M $-623.0K $-3M $-106.0K $286.0K
Restructuring · · · · · · · · · $1M · ·
Other Non-cash 11-point trend, -959.2% $-8M $10M $26M $30M $-82M $28M $-4M $155.0K $8M $2M $-737.0K ·
Operating Cash Flow 12-point trend, -73.1% $7M $24M $148M $195M $95M $145M $84M $61M $43M $25M $29M $26M
CapEx 12-point trend, -20.1% $6M $7M $6M $17M $34M $6M $10M $5M $3M $3M $3M $7M
Investing Cash Flow 12-point trend, -214.9% $-8M $-27M $-61M $-11M $-29M $-1M $-6M $-1M $-3M $-2M $-189.0K $-3M
Net Debt Issued 2-point trend, +14.1% · · · · · · · · · $-219.0K $-255.0K ·
Stock Repurchased 10-point trend, -100.0% $0 $0 $4M $126M $56M $5M $33M $30M · · $11M $34M
Net Stock Activity 9-point trend, +100.0% $0 $0 $-4M $-126M $-56M $-5M $-33M $-30M · · $-11M ·
Dividends Paid 10-point trend, -98.4% $195.0K $715.0K $73M $72M $64M $53M $35M $23M $15M $12M · ·
Financing Cash Flow 12-point trend, +98.4% $-564.0K $-2M $-80M $-200M $-125M $-57M $-82M $-53M $-17M $-13M $-12M $-35M
Net Change in Cash 12-point trend, +86.4% $-2M $-4M $7M $-16M $-60M $87M $-4M $6M $23M $10M $18M $-12M
Taxes Paid 4-point trend, -71.9% $10M $-2M $34M $37M · · · · · · · ·
Free Cash Flow 11-point trend, -95.3% $1M $17M $141M $178M $60M $139M $74M $56M $40M $22M $27M ·
Profitability 8
Annual Profitability data for MED
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 11-point trend, -3.3% 71.3% 73.8% 72.4% 71.3% 73.9% 74.7% 75.2% 75.8% 75.5% 74.9% 73.8% ·
Operating Margin 11-point trend, -135.0% -3.7% 0.48% 11.8% 11.6% 14.2% 14.3% 12.8% 13.8% 13.1% 9.8% 10.5% ·
Net Margin 11-point trend, -165.9% -4.8% 0.35% 9.3% 9.0% 10.8% 11.0% 10.9% 11.1% 9.2% 6.5% 7.3% ·
Pretax Margin 11-point trend, -113.4% -1.5% 0.63% 12.0% 11.5% 14.2% 14.4% 12.9% 14.1% 13.4% 9.9% 10.9% ·
EBITDA Margin 11-point trend, -99.9% 0.01% 2.6% 13.0% 12.2% 14.6% 15.1% 13.4% 14.7% 14.5% 11.8% 13.1% ·
ROA 11-point trend, -140.8% -7.0% 0.70% 31.8% 40.2% 48.6% 43.7% 42.8% 35.4% 20.8% 15.0% 17.2% ·
ROE 11-point trend, -137.9% -9.0% 1.0% 50.4% 94.0% 82.3% 69.2% 72.1% 50.5% 27.1% 19.3% 23.7% ·
ROIC 11-point trend, -210.8% -23.7% 0.76% 48.4% 93.0% 81.1% 65.4% 73.3% 50.1% 25.1% 18.4% 21.3% ·
Liquidity & Solvency 2
Annual Liquidity & Solvency data for MED
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 11-point trend, +25.6% 4.7 3.3 2.4 1.6 1.8 2.1 1.9 2.4 3.4 4.1 3.7 ·
Quick Ratio 11-point trend, +33.5% 3.9 2.5 1.0 0.6 0.6 1.6 1.2 1.7 2.7 3.2 2.9 ·
Efficiency 3
Annual Efficiency data for MED
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, -38.0% 1.4 2.0 3.4 4.5 4.5 4.0 3.9 3.2 2.3 2.3 2.3 ·
Inventory Turnover 11-point trend, -28.2% 3.5 3.3 3.4 3.1 3.4 4.6 4.0 4.1 3.9 4.4 4.9 ·
Receivables Turnover 6-point trend, +456.7% · · · · · 925.1 583.1 467.4 307.2 181.8 166.2 ·
Per Share 6
Annual Per Share data for MED
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 11-point trend, +141.0% $18.10 $19.21 $18.49 $14.26 $17.47 $13.36 $8.91 $9.19 $9.07 $8.09 $7.51 ·
Revenue / Share 11-point trend, +55.5% $35.13 $54.95 $98.16 $141.77 $129.19 $78.89 $58.90 $41.48 $24.95 $22.98 $22.60 ·
Cash Flow / Share 11-point trend, -74.3% $0.62 $2.23 $13.52 $17.26 $8.00 $12.25 $6.95 $5.03 $3.58 $2.12 $2.44 ·
Cash / Share 11-point trend, +128.0% $8.13 $8.31 $8.67 $8.06 $8.99 $13.91 $6.54 $6.86 $6.27 $4.42 $3.56 ·
Dividend / Share 12-point trend, +0.00 $0 $0 $5 $7 $6 $5 $3 $2 $1 $1 $0 $0
EPS (TTM) 12-point trend, -265.0% $-1.70 $0.19 $9.10 $12.73 $13.89 $8.68 $6.43 $4.62 $2.29 $1.49 $1.66 $1.03
Growth Rates 8
Annual Growth Rates data for MED
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -156.9% -36.0% -43.8% -32.9% 4.8% 63.2% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -908.1% -37.7% -26.6% 4.7% · · · · · · · · ·
Revenue CAGR 5Y -16.2% · · · · · · · · · · ·
EPS YoY 4-point trend, -263.1% · -97.9% -28.5% -8.3% 60.0% · · · · · · ·
EPS CAGR 3Y 2-point trend, -4884.9% · -76.1% 1.6% · · · · · · · · ·
Net Income YoY 4-point trend, -264.6% · -97.9% -30.8% -12.5% 59.5% · · · · · · ·
Net Income CAGR 3Y 2-point trend, -6682.3% · -76.6% -1.1% · · · · · · · · ·
Dividend CAGR 5Y -67.4% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for MED
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +35.2% $386M $602M $1.07B $1.60B $1.53B $935M $714M $501M $302M $275M $273M $285M
Net Income TTM 12-point trend, -241.7% $-19M $2M $99M $144M $164M $103M $78M $56M $28M $18M $20M $13M
Market Cap 11-point trend, -67.2% $117M $193M $732M $1.25B $2.43B $2.31B $1.29B $1.48B $836M $494M $358M ·
P/E 12-point trend, -119.3% -6.3 92.7 7.4 9.1 15.1 22.6 17.0 27.1 30.5 27.9 18.3 32.6
P/S 11-point trend, -76.8% 0.3 0.3 0.7 0.8 1.6 2.5 1.8 3.0 2.8 1.8 1.3 ·
P/B 11-point trend, -85.4% 0.6 0.9 3.6 8.1 12.0 14.7 12.3 13.6 7.7 5.1 4.0 ·
P / Tangible Book 6-point trend, -96.0% 0.6 0.9 3.6 8.1 12.0 14.7 · · · · · ·
P / Cash Flow 11-point trend, +40.4% 17.1 7.9 5.0 6.4 25.7 15.9 15.3 24.4 19.3 19.5 12.2 ·
P / FCF 11-point trend, +597.3% 94.0 11.3 5.2 7.1 40.2 16.6 17.4 26.6 20.9 22.0 13.5 ·
Dividend Yield 10-point trend, -92.9% 0.17% 0.37% 10.0% 5.7% 2.6% 2.3% 2.8% 1.6% 1.8% 2.4% · ·
Earnings Yield 12-point trend, -618.6% -15.9% 1.1% 13.5% 11.0% 6.6% 4.4% 5.9% 3.7% 3.3% 3.6% 5.5% 3.1%
Payout Ratio 10-point trend, -101.6% -1.0% 34.2% 73.5% 49.9% 38.9% 51.7% 45.4% 41.5% 55.5% 66.7% · ·
Annual Payout 10-point trend, -98.4% $195.0K $715.0K $73M $72M $64M $53M $35M $23M $15M $12M · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $386M$602M$1.07B$1.60B$1.53B
Gross Margin % 71.3%73.8%72.4%71.3%73.9%
Operating Margin % -3.7%0.48%11.8%11.6%14.2%
Net Income $-19M$2M$99M$144M$164M
Diluted EPS $-1.70$0.19$9.10$12.73$13.89
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Current Ratio 4.73.32.41.61.8
Quick Ratio 3.92.51.00.60.6
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $1M$17M$141M$178M$60M

My Metrics Your personal watchlist — selected rows from Full Fundamentals

📊

Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Institutional owners (13F) 125 filers · $86.3M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
31 (+4 vs prior Q) 24 (+7 vs prior Q) 47 (+10 vs prior Q) 26 (0 vs prior Q) +421K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
RENAISSANCE TECHNOLOGIES LLC $8,261,052 778,610 9.57% Shares
Steamboat Capital Partners, LLC $7,498,076 706,699 8.69% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $5,758,047 542,700 6.67% Call option
TWO SIGMA INVESTMENTS, LP $5,107,452 481,381 5.92% Shares
VANGUARD CAPITAL MANAGEMENT LLC $4,738,575 446,614 5.49% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $4,212,128 396,996 4.88% Shares
DIMENSIONAL FUND ADVISORS LP $3,748,163 353,267 4.34% Shares
AMERICAN CENTURY COMPANIES INC $3,383,646 318,911 3.92% Shares
CITADEL ADVISORS LLC $2,476,374 233,400 2.87% Call option
AQR CAPITAL MANAGEMENT LLC $2,434,846 229,486 2.82% Shares
Peapod Lane Capital LLC $2,361,531 222,576 2.74% Shares
Lido Advisors, LLC $2,337,779 220,337 2.71% Shares
Trexquant Investment LP $2,256,577 212,684 2.61% Shares
GOLDMAN SACHS GROUP INC $1,915,975 180,582 2.22% Shares
COMMONS CAPITAL, LLC $1,590,609 149,916 1.84% Shares
Quinn Opportunity Partners LLC $1,348,658 127,112 1.56% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $1,242,198 117,078 1.44% Shares
RBF Capital, LLC $1,156,490 109,000 1.34% Shares
Walleye Trading LLC $1,145,880 108,000 1.33% Call option
TWO SIGMA ADVISERS, LP $1,098,972 102,900 1.27% Shares
MORGAN STANLEY $1,082,586 102,034 1.25% Shares
JANE STREET GROUP, LLC $1,050,040 98,967 1.22% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,037,962 97,758 1.20% Shares
JPMORGAN CHASE & CO $988,562 92,389 1.15% Shares
Quantinno Capital Management LP $880,598 82,997 1.02% Shares
Divisadero Street Capital Management, LP $847,092 79,839 0.98% Shares
Virtus Family Office LLC $838,827 79,060 0.97% Shares
TUDOR INVESTMENT CORP ET AL $806,689 76,031 0.93% Shares
BNP PARIBAS FINANCIAL MARKETS $783,846 73,878 0.91% Shares
VANGUARD GROUP INC $716,276 67,067 0.83% Shares
BANK OF AMERICA CORP /DE/ $711,295 67,040 0.82% Shares
CITADEL ADVISORS LLC $696,016 65,600 0.81% Put option
VANGUARD FIDUCIARY TRUST CO $672,006 63,337 0.78% Shares
Atom Investors LP $659,083 62,119 0.76% Shares
CITADEL ADVISORS LLC $565,555 53,304 0.66% Shares
STATE STREET CORP $555,105 52,319 0.64% Shares
Engineers Gate Manager LP $528,686 49,829 0.61% Shares
MILLENNIUM MANAGEMENT LLC $508,283 47,906 0.59% Shares
SummerHaven Investment Management, LLC $507,529 47,835 0.59% Shares
Centiva Capital, LP $471,424 44,432 0.55% Shares
Susquehanna Portfolio Strategies, LLC $443,254 41,777 0.51% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $422,278 39,800 0.49% Put option
VICTORY CAPITAL MANAGEMENT INC $378,300 35,655 0.44% Shares
Jain Global LLC $373,716 35,223 0.43% Shares
D. E. Shaw & Co., Inc. $359,424 33,876 0.42% Shares
PDT Partners, LLC $347,541 32,756 0.40% Shares
PEAK6 LLC $333,154 31,400 0.39% Call option
XTX Topco Ltd $325,239 30,654 0.38% Shares
FEDERATED HERMES, INC. $321,578 30,309 0.37% Shares
Marquette Asset Management, LLC $318,704 30,038 0.37% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $308,836 29,108 0.36% Shares
NORTHERN TRUST CORP $265,749 25,047 0.31% Shares
Chico Wealth RIA $222,810 21,000 0.26% Shares
Point72 Asset Management, L.P. $222,799 20,999 0.26% Shares
Squarepoint Ops LLC $213,685 20,140 0.25% Shares
State of Wyoming $197,282 18,594 0.23% Shares
Walleye Capital LLC $182,492 17,200 0.21% Call option
Empowered Funds, LLC $182,418 17,193 0.21% Shares
MERCER GLOBAL ADVISORS INC /ADV $178,057 16,782 0.21% Shares
Brevan Howard Capital Management LP $159,415 15,025 0.18% Shares
LITTLEJOHN FINANCIAL SERVICES, INC. $146,779 13,834 0.17% Shares
Advisors Asset Management, Inc. $146,334 8,305 0.17% Shares
Schonfeld Strategic Advisors LLC $131,212 12,367 0.15% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $114,522 10,683 0.13% Shares
IEQ CAPITAL, LLC $113,951 10,740 0.13% Shares
Verdad Advisers, LP $108,583 10,234 0.13% Shares
CWM, LLC $92,056 9,034 0.11% Shares
BlackRock, Inc. $84,678 7,981 0.10% Shares
Arax Advisory Partners $79,257 7,470 0.09% Shares
RHUMBLINE ADVISERS $68,804 6,485 0.08% Shares
Tower Research Capital LLC (TRC) $63,618 5,996 0.07% Shares
MARSHALL WACE, LLP $58,025 5,469 0.07% Shares
Russell Investments Group, Ltd. $49,782 4,692 0.06% Shares
Vanguard Global Advisers, LLC $41,612 3,922 0.05% Shares
Walleye Trading LLC $36,074 3,400 0.04% Shares
AlphaQuest LLC $22,086 2,068 0.03% Shares
FMR LLC $21,995 2,073 0.03% Shares
WELLS FARGO & COMPANY/MN $20,859 1,966 0.02% Shares
Walleye Capital LLC $16,976 1,600 0.02% Put option
Walleye Capital LLC $15,406 1,452 0.02% Shares
PNC Financial Services Group, Inc. $13,432 1,266 0.02% Shares
Integrated Wealth Concepts LLC $11,289 1,064 0.01% Shares
GAMMA Investing LLC $11,056 1,042 0.01% Shares
CREATIVE FINANCIAL DESIGNS INC /ADV $10,610 1,000 0.01% Shares
BARCLAYS PLC $8,753 825 0.01% Shares
Jump Financial, LLC $8,488 800 0.01% Shares
SIGNATUREFD, LLC $7,395 697 0.01% Shares
Pinnacle Wealth Planning Services, Inc. $6,695 631 0.01% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $6,124 601 0.01% Shares
JONES FINANCIAL COMPANIES LLLP $6,055 576 0.01% Shares
Allworth Financial LP $5,550 523 0.01% Shares
C M BIDWELL & ASSOCIATES LTD $5,273 497 0.01% Shares
Nuveen Asset Management, LLC $5,092 289 0.01% Shares
IFP Advisors, Inc $4,658 439 0.01% Shares
UBS Group AG $3,639 343 0.00% Shares
GREAT LAKES ADVISORS, LLC $3,427 323 0.00% Shares
Versant Capital Management, Inc $3,289 310 0.00% Shares
GILL CAPITAL PARTNERS, LLC $1,101 108 0.00% Shares
MJT & Associates Financial Advisory Group, Inc. $1,061 100 0.00% Shares
True Wealth Design, LLC $955 90 0.00% Shares

Company insiders 49 insiders · 21 officers · 26 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Daniel R Chard Chairman & CEO May 5, 2022 P 108,598 0 0 $0
Michael S Mcdevitt Chief Executive Officer Jan. 5, 2011 S 340,012 0 0 $0
James P. Maloney Chief Financial Officer July 20, 2022 F 2,944 0 0 $0
Timothy G Robinson Chief Financial Officer Feb. 20, 2020 F 47,214 0 0 $0
Connors Brendan Chief Financial Officer Jan. 5, 2011 S 91,484 0 0 $0
Mehrnaz Mona Ameli President, OPTAVIA Nov. 17, 2017 F 10,809 0 0 $0
Margaret Macdonald Sheetz President & COO April 1, 2016 S 327,346 0 0 $0
Jonathan Barrett Mackenzie VP, Finance & CAO March 16, 2022 A 657 0 0 $0
Stephen Kyle Johnson VP, Finance & CAO March 17, 2021 A 665 0 0 $0
Joseph P Kelleman Vice President of Finance Feb. 20, 2019 A 2,355 0 0 $0
Jason L Groves Executive VP & General Counsel Feb. 17, 2015 A 21,697 0 0 $0
Jeanette M. Mills Executive Vice President Aug. 18, 2014 S 20,116 0 0 $0
Guy Sheetz Executive Vice President Feb. 5, 2014 A 410,430 0 0 $0
Dominick Vietri Executive Vice President Feb. 5, 2014 A 3,804 0 0 $0
Brian Lloyd Executive Vice President Feb. 5, 2014 A 1,865 0 0 $0
Donald Gould Executive Vice President Feb. 5, 2014 A 6,804 0 0 $0
Brian Kagen Executive Vice President Feb. 5, 2014 A 3,804 0 0 $0
Jeanne M Uphouse Executive Vice President Feb. 5, 2014 A 3,804 0 0 $0
Brazdley T Macdonald Exec. Chairman of the Board Jan. 5, 2011 S 579,521 0 0 $0
Leo Williams Executive Vice President Nov. 29, 2010 S 15,000 0 0 $0
Robert J Hallock Corporate Vice President Nov. 18, 2003 P 1,000 0 0 $0
Jeffrey J Brown Director Aug. 9, 2022 P 3,940 0 0 $0
Andrea B Thomas Director Aug. 8, 2022 A 3,014 0 0 $0
Ming Xian Director Aug. 8, 2022 A 0 0 $0
Michael A. Hoer Director Aug. 8, 2022 A 5,138 0 0 $0
Scott Schlackman Director Aug. 8, 2022 A 7,260 0 0 $0
Constance J. Hallquist Director Aug. 8, 2022 A 7,882 0 0 $0
Kevin G Byrnes Director Nov. 11, 2021 M 14,922 0 0 $0
Michael C Macdonald Director Oct. 1, 2020 S 266,179 0 0 $0
Carl E Sassano Director July 17, 2020 G 18,199 0 0 $0
Charles P Connolly Director March 9, 2018 M 41,374 0 0 $0
Welling Glenn W. Director Dec. 1, 2017 S 22,380 0 0 $0
Jorgene K. Hartwig Director March 13, 2017 M 9,808 0 0 $0
Barry B Bondroff Director June 11, 2015 S 14,533 0 0 $0
John P Mcdaniel Director June 4, 2015 S 18,289 0 0 $0
Jerry D Reece Director Feb. 17, 2015 A 8,792 0 0 $0
Harvey C Barnum JR Director Feb. 17, 2015 A 8,742 0 0 $0
Catherine T Maguire Director Feb. 17, 2015 A 15,074 0 0 $0
Donald F Reilly Director Feb. 17, 2015 A 0 0 0 $0
George Lavin Director July 31, 2013 D 24,785 0 0 $0
Joseph D Calderone Director March 24, 2009 A 21,700 0 0 $0
Carthy Dennis Mc Director March 24, 2009 A 17,075 0 0 $0
Michael J Mcdevitt Director Feb. 15, 2007 A 17,400 0 0 $0
VISIUM BALANCED MASTER FUND, LTD. 10% owner May 31, 2016 S 0 0 0 $0
Shirley Macdonald May 12, 2010 S 0 0 0 $0
Mary T Travis Dec. 17, 2009 S 12,583 0 0 $0
Richard J Law Aug. 13, 2009 S 62,081 0 0 $0
RNI-NV Limited Partnership Aug. 8, 2005 S 1,088,830 0 0 $0
Scott Zion July 28, 2004 P 185,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 7 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Steamboat Capital Partners, LLC, Parsa Kiai March 20, 2026 6.00% Initial filing SEC
Engaged Capital Flagship Master Fund, LP, Engaged Capital Co-Invest X, LP, Engaged Capital Co-Invest X-A, LP, Engaged Capital Opportunities Fund, LP, Engaged Capital Flagship Fund, LP, Engaged Capital Flagship Fund, Ltd., Engaged Capital, LLC, Engaged Capital Holdings, LLC, Glenn W. Welling ×5 filings July 15, 2020 Initial filing SEC
Engaged Capital Master Feeder II, LP, Engaged Capital Master Feeder I, LP, Engaged Capital I, LP, Engaged Capital I Offshore, Ltd., Engaged Capital II, LP, Engaged Capital II Offshore Ltd., Engaged Capital, LLC, Engaged Capital Holdings, LLC, Glenn W. Welling June 3, 2016 Initial filing SEC
ModusLink Securities Corp., ModusLink Global Solutions, Inc. ×6 filings Jan. 19, 2016 Initial filing SEC
Engaged Capital Master Feeder I, LP, Engaged Capital Master Feeder II, LP, Engaged Capital I, LP, Engaged Capital I Offshore, Ltd., Engaged Capital II, LP, Engaged Capital II Offshore Ltd., Engaged Capital, LLC, Engaged Capital Holdings, LLC, Glenn W. Welling ×4 filings Sept. 1, 2015 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person Dec. 12, 2002 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person May 6, 2002 Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 34 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
VRIG · Invesco Actively Managed Exchange-T… 0.27% 5,000,000 Aug. 8, 2026 Daily
FSCC · Federated Hermes ETF Trust 0.13% 28,502 NS May 31, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.09% 48,444 NS April 30, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.05% 377,616 NS May 31, 2026 N-PORT
SMLF · iShares Trust 0.03% 121,862 SH Aug. 8, 2026 Daily
IWC · iShares Trust 0.03% 36,501 SH Aug. 8, 2026 Daily
SFGV · EA Series Trust 0.02% 17,218 NS May 29, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.01% 9,249 NS May 31, 2026 N-PORT
AVUV · AMERICAN CENTURY ETF TRUST 0.01% 232,366 NS May 31, 2026 N-PORT
VSS · VANGUARD INTERNATIONAL EQUITY INDEX… 0.01% 16,856 SH Aug. 8, 2026 Daily
DFSV · Dimensional ETF Trust 0.01% 61,752 NS April 30, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.01% 16,693 NS May 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.01% 13,206 SH Aug. 8, 2026 Daily
FNDB · SCHWAB STRATEGIC TRUST 0.00% 4,892 NS May 31, 2026 N-PORT
RSSL · Global X Funds 0.00% 4,682 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.00% 508 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.00% 37,570 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.00% 50,935 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.00% 397 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.00% 404 NS May 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 2,019 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 384 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.00% 10 NS May 31, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.00% 4,578 NS May 31, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 7,873 NS May 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 2,079 NS April 30, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 5,600 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 115,543 SH Aug. 8, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 318,980 SH Aug. 8, 2026 Daily
VXUS · VANGUARD STAR FUNDS 0.00% 64,351 SH Aug. 8, 2026 Daily
VGK · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 9,806 SH Aug. 8, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 3,076 SH Aug. 8, 2026 Daily
VEA · VANGUARD TAX-MANAGED FUNDS 0.00% 42,929 SH Aug. 8, 2026 Daily
VSGX · VANGUARD WORLD FUND 0.00% 1,003 SH Aug. 8, 2026 Daily