Should I buy or sell Bakkt stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bakkt in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BKKT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BKKT, but not buy additional shares or sell existing shares. View BKKT analyst ratings or view top-rated stocks .

What is Bakkt's stock price target for 2024?

2 analysts have issued 12 month price objectives for Bakkt's shares. Their BKKT share price targets range from $0.30 to $0.75. On average, they predict the company's stock price to reach $0.53 in the next year. This suggests a possible upside of 32.0% from the stock's current price. View analysts price targets for BKKT or view top-rated stocks among Wall Street analysts .

How have BKKT shares performed in 2024?

Bakkt's stock was trading at $2.23 on January 1st, 2024. Since then, BKKT shares have decreased by 82.2% and is now trading at $0.3978. View the best growth stocks for 2024 here .

Are investors shorting Bakkt?

Bakkt saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 18,660,000 shares, a decrease of 9.1% from the February 29th total of 20,530,000 shares. Based on an average daily trading volume, of 6,470,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 17.2% of the company's stock are sold short. View Bakkt's Short Interest .

When is Bakkt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our BKKT earnings forecast .

How were Bakkt's earnings last quarter?

Bakkt Holdings, Inc. (NYSE:BKKT) posted its quarterly earnings data on Monday, March, 25th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by $0.18. The company had revenue of $214.50 million for the quarter, compared to analyst estimates of $214 million. Bakkt had a negative net margin of 9.59% and a negative trailing twelve-month return on equity of 33.06%.

What ETFs hold Bakkt's stock?

ETFs with the largest weight of Bakkt (NYSE:BKKT) stock in their portfolio include Grayscale Future of Finance ETF (GFOF) , VanEck Digital Assets Mining ETF (DAM) , Invesco Alerian Galaxy Crypto Economy ETF (SATO) , Fidelity Crypto Industry and Digital Payments ETF (FDIG) , VanEck Digital Transformation ETF (DAPP) , SoFi Web 3 ETF (TWEB) and Horizon Kinetics Blockchain Development ETF (BCDF) . Global X Blockchain ETF (BKCH) .

What guidance has Bakkt issued on next quarter's earnings?

Bakkt updated its FY 2024 earnings guidance on Monday, March, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.3 billion-$5.1 billion.

Who are Bakkt's major shareholders?

Bakkt's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kingswood Wealth Advisors LLC (0.04%). Insiders that own company stock include Gavin Constantine Michael, Impact Acquisition Holding Vpc, Intercontinental Exchange, Inc, Marc D'annunzio, Mark Sonbolian Elliot and Sean Roberts Collins. View institutional ownership trends .

How do I buy shares of Bakkt?

Shares of BKKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:BKKT

Bakkt (BKKT) Stock Price, News & Analysis

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$0.40

-0.02 (-4.79%)

(As of 04/19/2024 ET)

Compare

Today's Range: $0.39
▼
$0.42
50-Day Range: $0.40
▼
$1.02
52-Week Range: $0.39
▼
$2.75

Volume: 2.53 million shs
Average Volume: 5.66 million shs
Market Capitalization: $127.96 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $0.53

Get Bakkt alerts:

Bakkt MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 32.0% Upside
$0.53 Price Target
Short Interest: Healthy
15.95% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$2.40 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.32) to ($0.19) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.51 out of 5 stars

Business Services Sector

231st out of 305 stocks

Nondepository Credit Institutions Industry

34th out of 45 stocks

3.0

Analyst's Opinion

Consensus Rating
Bakkt has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Bakkt has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
15.95% of the float of Bakkt has been sold short.
Short Interest Ratio / Days to Cover
Bakkt has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bakkt has recently decreased by 2.20%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Bakkt does not currently pay a dividend.
Dividend Growth
Bakkt does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BKKT.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Bakkt this week, compared to 1 article on an average week.
Search Interest
14 people have searched for BKKT on MarketBeat in the last 30 days. This is an increase of 56% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added Bakkt to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bakkt insiders have bought 1,944.63% more of their company's stock than they have sold. Specifically, they have bought $2,402,948.00 in company stock and sold $117,525.00 in company stock.
Percentage Held by Insiders
Only 1.78% of the stock of Bakkt is held by insiders.
Percentage Held by Institutions
Only 11.11% of the stock of Bakkt is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Bakkt are expected to grow in the coming year, from ($0.32) to ($0.19) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bakkt is -0.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bakkt is -0.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Bakkt has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Bakkt Stock (NYSE:BKKT)

Bakkt Holdings, Inc. offers software as a service and application programming interface solutions for crypto and loyalty, powering engagement, and performance. The company operates Bakkt Marketplace, a platform that enables consumers to buy, sell, and store crypto in an embedded web experience; Bakkt Crypto, a platform that supports clients with a range of crypto solutions; and Bakkt Trust, institutional-grade qualified custody solution for market participants. Its platform also offers a range of loyalty solutions, including redemption solutions for various rewards categories comprising travel, gift cards, and merchandise; travel solutions that offer a retail e-commerce booking platform, as well as live-agent booking and servicing; and unified shopping experience. The company was founded in 2018 and is headquartered in Alpharetta, Georgia.

BKKT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BKKT Stock News Headlines

April 15, 2024 | finance.yahoo.com

Bakkt Holdings, Inc. (BKKT)

March 26, 2024 | finance.yahoo.com

Bakkt Holdings, Inc. (NYSE:BKKT) Q4 2023 Earnings Call Transcript

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 26, 2024 | msn.com

Bakkt Holdings Reports Q4, Shares Climb On Strong FY24 Guidance

March 25, 2024 | investorplace.com

BKKT Stock Earnings: Bakkt Hldgs Misses EPS, Beats Revenue for Q4 2023

March 25, 2024 | businesswire.com

Bakkt Reports Fourth Quarter and Full Year 2023 Results

March 20, 2024 | axios.com

Facing delisting, Bakkt replaces its CEO

March 19, 2024 | benzinga.com

Earnings Preview: Bakkt Hldgs

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 18, 2024 | msn.com

Bakkt appoints Andy Main as CEO

March 18, 2024 | businesswire.com

Bakkt Announces Leadership Transition

March 16, 2024 | finance.yahoo.com

BKKT Apr 2024 1.500 call

March 16, 2024 | ca.finance.yahoo.com

BKKT Apr 2024 1.500 put

March 16, 2024 | finance.yahoo.com

BKKT Apr 2024 1.000 call

March 13, 2024 | msn.com

Bakkt gets non-compliance notice from NYSE

March 13, 2024 | businesswire.com

Bakkt Notified by NYSE of Non-Compliance with NYSE Trading Share Price Listing Rule

March 8, 2024 | finance.yahoo.com

Bakkt Now Available Through Unchained’s Collaborative Custody Network

March 8, 2024 | businesswire.com

Bakkt Now Available Through Unchained's Collaborative Custody Network

March 1, 2024 | markets.businessinsider.com

Rosenblatt Maintains Buy Rating for Bakkt Hldgs: Here's What You Need To Know

February 29, 2024 | benzinga.com

February 29, 2024 | markets.businessinsider.com

Bakkt Announces Two Registered Direct Offering Agreements

February 29, 2024 | businesswire.com

Bakkt Announces $40 Million Registered Direct Offering with Institutional Investors and $10 Million Concurrent Registered Direct Offering

February 29, 2024 | markets.businessinsider.com

Bakkt Holdings Reports Preliminary Results; FY Revenues In Line With Prior Guidance

February 29, 2024 | businesswire.com

Bakkt Announces Preliminary 2023 Financial Results; Preliminary Estimates Within Previously Provided Guidance

February 27, 2024 | finance.yahoo.com

Bakkt Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Results

February 27, 2024 | businesswire.com

Bakkt Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Results

February 22, 2024 | businesswire.com

Swan Bitcoin and Bakkt Team Up to Provide Bitcoin Trading Across 49 U.S. States

See More Headlines

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Company Calendar

Last Earnings: 3/25/2024
Today: 4/20/2024
Next Earnings (Estimated): 5/09/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Nondepository credit institutions
Sub-Industry: N/A
Current Symbol: NYSE:BKKT
CUSIP: N/A
CIK: 1820302
Web: www.victoryparkcapital.com
Phone: 678-534-5849
Fax: N/A
Employees: 747
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $0.53
High Stock Price Target: $0.75
Low Stock Price Target: $0.30
Potential Upside/Downside: +32.0%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.84)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-74,850,000.00
Net Margins: -9.59%
Pretax Margin: -28.89%
Return on Equity: -33.06%
Return on Assets: -9.20%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.10
Quick Ratio: 1.10

Sales & Book Value

Annual Sales: $780.10 million
Price / Sales: 0.16
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.49 per share
Price / Book: 0.81

Miscellaneous

Outstanding Shares: 321,680,000
Free Float: 315,956,000
Market Cap: $127.96 million
Optionable: Optionable
Beta: 4.12

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Key Executives

Mr. Andrew A. Main (Age 58)
President, CEO & Director
Comp: $31.25k
Ms. Karen J. Alexander CFA (Age 52)
CFO & Principal Financial Officer
Comp: $661.44k
Mr. Marc D'Annunzio (Age 51)
General Counsel & Secretary
Comp: $636.68k
Dr. Gavin Constantine Michael (Age 59)
Advisor
Comp: $756.94k
Mr. Gordon Watson (Age 44)
Executive Director
Comp: $25k
Mr. Alex Jacobs
Chief Administrative Officer
Mr. Charles Goodroe (Age 39)
VP, Chief Accounting Officer & Principal Accounting Officer
Mr. Nicholas Baes
Chief Technology Officer
Ms. Ann Park DeVries
Head of Investor Relations
Ms. Lauren Post
Head of Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BKKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Bakkt stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bakkt in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BKKT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BKKT, but not buy additional shares or sell existing shares.
View BKKT analyst ratings or view top-rated stocks.
What is Bakkt's stock price target for 2024?: 2 analysts have issued 12 month price objectives for Bakkt's shares. Their BKKT share price targets range from $0.30 to $0.75. On average, they predict the company's stock price to reach $0.53 in the next year. This suggests a possible upside of 32.0% from the stock's current price.
View analysts price targets for BKKT or view top-rated stocks among Wall Street analysts.
How have BKKT shares performed in 2024?: Bakkt's stock was trading at $2.23 on January 1st, 2024. Since then, BKKT shares have decreased by 82.2% and is now trading at $0.3978.
View the best growth stocks for 2024 here.
Are investors shorting Bakkt?: Bakkt saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 18,660,000 shares, a decrease of 9.1% from the February 29th total of 20,530,000 shares. Based on an average daily trading volume, of 6,470,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 17.2% of the company's stock are sold short.
View Bakkt's Short Interest.
When is Bakkt's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our BKKT earnings forecast.
How were Bakkt's earnings last quarter?: Bakkt Holdings, Inc. (NYSE:BKKT) posted its quarterly earnings data on Monday, March, 25th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by $0.18. The company had revenue of $214.50 million for the quarter, compared to analyst estimates of $214 million. Bakkt had a negative net margin of 9.59% and a negative trailing twelve-month return on equity of 33.06%.

What ETFs hold Bakkt's stock?: ETFs with the largest weight of Bakkt (NYSE:BKKT) stock in their portfolio include Grayscale Future of Finance ETF (GFOF), VanEck Digital Assets Mining ETF (DAM), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Fidelity Crypto Industry and Digital Payments ETF (FDIG), VanEck Digital Transformation ETF (DAPP), SoFi Web 3 ETF (TWEB) and Horizon Kinetics Blockchain Development ETF (BCDF).Global X Blockchain ETF (BKCH).
What guidance has Bakkt issued on next quarter's earnings?: Bakkt updated its FY 2024 earnings guidance on Monday, March, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.3 billion-$5.1 billion.
Who are Bakkt's major shareholders?: Bakkt's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kingswood Wealth Advisors LLC (0.04%). Insiders that own company stock include Gavin Constantine Michael, Impact Acquisition Holding Vpc, Intercontinental Exchange, Inc, Marc D'annunzio, Mark Sonbolian Elliot and Sean Roberts Collins.
View institutional ownership trends.
How do I buy shares of Bakkt?: Shares of BKKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BKKT) was last updated on 4/20/2024 by MarketBeat.com Staff

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