Quest Resource Director Glenn Culpepper acquires $11,700 in stock

Quest Resource (NASDAQ:QRHC) Holding Corp (NASDAQ:QRHC) saw a notable transaction as Director Glenn Culpepper acquired 2,000 shares of the company's common stock on December 23. The shares were purchased at a price of $5.85 each, totaling an investment of $11,700. The timing appears strategic, with the stock trading near its 52-week low of $5.83 and down about 29% over the past six months. According to InvestingPro analysis, the stock is currently undervalued, with analysts setting price targets between $11.00-$11.50. This acquisition increased Culpepper's direct holdings to 6,000 shares. Additionally, he holds deferred stock units under the company's 2012 Incentive Compensation Plan, bringing his total post-transaction holdings to 15,000 shares. For deeper insights into QRHC's valuation metrics and 14 additional ProTips, including oversold conditions and growth prospects, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Quest Resource Holding Corp. reported a slight year-over-year revenue increase of 3.3% to $72.8 million in its third-quarter earnings call. This growth was achieved despite challenges, primarily due to the onboarding of seven new clients that contributed $16 million. However, the company also reported a 5.9% decline in gross profit, attributed to a shift in revenue mix, higher service costs, and unexpected billing credits.

Quest Resource is optimistic about future growth, citing a strong pipeline and cost savings from new technology. The company anticipates over $20 million in net incremental revenue in 2025, driven by new client growth and technology enhancements.

However, there were bearish highlights, including a $13 million revenue decline due to weaker market conditions and client attrition. Additionally, the company experienced temporary increases in Days Sales Outstanding (DSOs), though improvements are targeted.

On the bullish side, the automated vendor management system is expected to yield $2 million to $3 million in recurring savings. Nine new clients were onboarded in the year, with significant revenue potential from existing and new contracts. These are recent developments that investors should take into account when considering Quest Resource.

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