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Moss Perry W., the President and CEO of Quest Resource Holding Corp (NASDAQ:QRHC), recently made a significant purchase of the company’s common stock amid the company’s challenging period. According to a recent SEC filing, Perry acquired 16,338 shares at $3.01 per share on March 17, 2025, amounting to $49,177. The purchase comes as the stock has declined nearly 67% over the past six months, though InvestingPro analysis suggests the stock is currently trading below its Fair Value.
Following this purchase, Perry’s direct ownership in the company increased to 257,933 shares. This total includes a combination of restricted stock units (RSUs) and deferred stock units (DSUs), along with common stock beneficially owned by Perry. The RSUs are scheduled to vest in equal installments over the coming years, providing Perry with a structured increase in equity over time. Despite current challenges, analysts maintain a strong buy consensus, with price targets ranging from $6.50 to $7.00. InvestingPro subscribers can access 18 additional key insights about QRHC, including detailed financial health metrics and growth projections.
In other recent news, Quest Resource Holdings reported its fourth-quarter 2024 financial results, showing a significant miss on earnings per share (EPS) and revenue estimates. The company posted an EPS of -$0.09, which was below the anticipated $0.03, and revenue of $69.98 million, falling short of the forecasted $73.63 million. Quest Resource has implemented cost-saving measures, including a 15% workforce reduction, which is expected to save $3 million annually. Despite the setbacks, management remains optimistic about growth in 2025, with expectations of improvements driven by operational efficiency and debt repayment strategies.
Additionally, Quest Resource has been focusing on operational improvements and cost-cutting measures to enhance efficiency. The company has also recently announced a refinancing deal with its current lenders, Monroe and PNC, which will decrease the blended interest rate margin and reduce interest expenses by approximately $1 million annually. Furthermore, Quest Resource is in the process of selling non-core business segments, specifically the mall-related business of RWS, to streamline operations and focus on core activities.
Analyst discussions during the earnings call highlighted concerns about the impact of the new vendor management system and the company’s sales pipeline growth. Management assured that temporary costs from system implementation are expected to resolve, and the pipeline continues to grow significantly. The company aims to address execution issues and improve operational performance with the recent addition of Nick Ober as SVP of Operations, who will lead a newly created Operations Excellence Initiative.
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