New insider activity at Quest Resource ( (QRHC) ) has taken place on March 21, 2025.
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Director Dan Friedberg has made a significant move by purchasing 12,574 shares of Quest Resource stock, with the transaction valued at $37,019.
Recent Updates on QRHC stock
Quest Resource Holding Corp (QRHC) has recently undergone several strategic developments, impacting its stock price targets. The company released an updated investor presentation emphasizing growth strategies, including exiting low-value accounts and expanding through mergers and acquisitions, aiming for a 20% CAGR in revenue by 2024. However, Quest faces significant risks related to integrating AI technologies, which could affect its operations and compliance. During its Q4 earnings call, Quest highlighted successes in client onboarding and debt refinancing but also faced challenges such as industrial market weakness and client attrition. The company reported a $5.5 million impairment loss due to the sale of certain client contracts, contributing to a net loss of $9.5 million for the quarter. Despite these setbacks, Quest has made leadership changes and operational improvements, such as a 15% workforce reduction, to enhance financial health. Analysts have adjusted price targets, citing short-term headwinds but recognizing long-term potential under new leadership.
More about Quest Resource
YTD Price Performance: -52.04%
Average Trading Volume: 80,487
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $60.58M