Bakkt (BKKT) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bakkt in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street 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.
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2 Wall Street research analysts have issued 12-month target prices for Bakkt's stock. Their BKKT share price targets range from $7.50 to $18.75. On average, they expect the company's stock price to reach $13.13 in the next year. This suggests a possible upside of 83.1% from the stock's current price.
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Bakkt's stock was trading at $55.75 on January 1st, 2024. Since then, BKKT shares have decreased by 87.1% and is now trading at $7.17.
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Bakkt saw a increase in short interest in April. As of April 15th, there was short interest totaling 20,340,000 shares, an increase of 11.5% from the March 31st total of 18,250,000 shares. Based on an average trading volume of 6,010,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 16.1% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
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Bakkt will be holding an earnings conference call on Tuesday, May 14th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Bakkt Holdings, Inc. (NYSE:BKKT) announced its quarterly earnings results on Monday, March, 25th. The company reported ($7.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.75) by $4.50. The firm earned $214.50 million during the quarter, compared to analysts' expectations of $214 million. Bakkt had a negative trailing twelve-month return on equity of 33.06% and a negative net margin of 9.59%.

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

Shares of Bakkt reverse split on Monday, April 29th 2024. The 1-25 reverse split was announced on Tuesday, April 23rd 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, April 26th 2024. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split.

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

Bakkt's stock is owned by many different retail and institutional investors. Top institutional investors include Van ECK Associates Corp (2.13%), Mirae Asset Global Investments Co. Ltd. (11.69%), Kingswood Wealth Advisors LLC (0.04%) and Concourse Financial Group Securities Inc. (0.00%). 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.
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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.
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