Quest Resource Holding director Lipstein buys $25k in shares

Published 18/08/2025, 14:06
Quest Resource Holding director Lipstein buys $25k in shares

Director Robert J. Lipstein of Quest Resource Holding Corp (NASDAQ:QRHC) recently purchased 15,000 shares of the company’s common stock. The transaction, which occurred on August 14, 2025, involved a purchase at a price of $1.6958 per share, totaling $25,437. The purchase comes as QRHC shares have declined nearly 80% over the past year, with the stock currently trading below InvestingPro’s Fair Value estimate.

Following the purchase, Lipstein directly owns 37,500 shares, including 20,000 RSUs scheduled to fully vest on August 13, 2026, and 17,500 shares of common stock beneficially owned. The company faces significant challenges, operating with substantial debt and negative earnings, while analysts have recently revised their earnings expectations downward. Access detailed analysis and 12 additional key insights with InvestingPro.

The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. The filing was signed by Brett W. Johnston, as Attorney-in-Fact, on August 18, 2025. Analyst consensus maintains a bullish outlook despite current challenges, with price targets ranging from $2.25 to $4.00 per share.

In other recent news, Quest Resource has reported its second-quarter 2025 financial results, which did not meet analysts’ expectations. The company posted revenue of $59.54 million, falling short of the anticipated $72.56 million, representing a shortfall of 17.94%. Additionally, Quest Resource’s earnings per share (EPS) were reported at -$0.04, significantly below the forecasted $0.05, resulting in a surprise of -180%. Following these results, Northland downgraded Quest Resource from Outperform to Market Perform and adjusted its price target to $2.25. Northland’s estimates for the company’s revenue and adjusted EBITDA were $74.7 million and $4.2 million, respectively, but the actual figures were lower at $59.5 million and $2.7 million. These developments have raised concerns among investors about the company’s financial health and future outlook.

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