Robert J. Lipstein, a member of the board of Quest Resource Holding Corp (NASDAQ: QRHC), reported a purchase of 11,000 common shares on March 18, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The filing shows Lipstein paid $0.8961 per share, bringing the total consideration for the transaction to $9,857.
The acquisition comes as Quest Resource's stock trades close to its 52-week low of $0.81. The share price has fallen 71% over the past year and declined 39% in the prior week. Market commentary cited in the filing references InvestingPro analysis indicating QRHC is trading at a price-to-book ratio of 0.46 and appears undervalued at current levels. The platform also lists 10 additional ProTips for the ticker, among them a note on the stock’s oversold relative strength index (RSI) readings.
Following the March 18 purchase, Lipstein holds 48,500 shares of Quest Resource on a direct basis. That total includes 20,000 restricted stock units that are due to fully vest on August 13, 2026, and 28,500 shares of common stock.
Separately, Quest Resource reported financial results for the fourth quarter of 2025 that showed a material miss versus expectations. The company posted earnings per share of -$0.73, compared with an anticipated $0.01, a negative surprise described in the filing as 7400%. Quarterly revenue was $58.9 million, below the forecasted $61.94 million by 4.91%.
Those results underscore a challenging quarter for the company. The filing notes that analysts and investors are evaluating the implications of the shortfall for Quest Resource’s near-term performance. It also states that analyst firms may adjust their outlooks based on the reported figures, although no specific upgrades or downgrades are mentioned in the disclosure.
For stakeholders assessing the company, the combination of insider buying, a depressed share price near its 52-week low, a low price-to-book multiple, and a substantial quarterly earnings miss are all facts presented in the filings. The documents point to both market valuation metrics and recent operational results as relevant inputs for evaluating the company’s financial condition.
No additional commentary or forward-looking statements from company executives or analysts are included in the filings reviewed for this report.