Bakkt (BKKT) Stock Price, News & Analysis

Company Overview

Bakkt Holdings, Inc. is a digital asset platform that aims to bridge traditional finance and digital assets by offering institutional-grade custody, trading and settlement services. Established in 2018 by Intercontinental Exchange (ICE), the company initially made headlines with the launch of its physically settled Bitcoin futures contracts in 2019. Since then, Bakkt has expanded its product lineup to include spot trading of cryptocurrencies, a secure digital wallet for retail customers and a payment gateway that enables merchants to accept digital assets alongside fiat currencies.

The company’s core offering centers on its custody infrastructure, which is built to meet robust regulatory and security standards. Bakkt Custody provides segregation of client assets and carries insurance coverage against theft or loss, addressing a key concern for institutional investors and corporate treasuries. On the trading side, the Bakkt Digital Marketplace facilitates access to regulated spot markets and futures trading, designed to deliver liquidity and transparent price discovery.

Bakkt also operates a consumer-facing mobile application, which allows users to buy, sell and spend cryptocurrencies at participating merchants. The platform integrates with loyalty and rewards programs—most notably through a partnership with Starbucks—enabling users to convert digital assets into points or cash value that can be redeemed in everyday transactions. Beyond the U.S. market, Bakkt has signaled ambitions to expand into Asia and Europe, leveraging its ICE heritage to navigate regulatory frameworks in multiple jurisdictions.

Headquartered in Atlanta, Georgia, Bakkt is led by Chief Executive Officer Gavin Michael, who joined the company in March 2022 after serving in senior roles at Digital River and Dropbox. Under his direction, Bakkt continues to focus on product innovation and strategic partnerships aimed at increasing mainstream adoption of digital assets. The company’s governance includes a board with experience in financial technology, regulated exchanges and consumer payments, positioning it to capitalize on the evolving digital asset ecosystem.

Key Stats

• Today's Range: $39.61 to $46.84
• 50-Day Range: $7.91 to $44.02
• 52-Week Range: $6.81 to $49.79
• Volume: 5.10 million shs
• Average Volume: 1.10 million shs
• Market Capitalization: $865.56 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $13.00
• Consensus Rating: Buy

Bakkt Stock Analysis - MarketRank™

Bakkt scored higher than 18% of companies evaluated by MarketBeat, and ranked 278th out of 317 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.7 / 5
• Analyst Rating: Buy

Consensus Rating

Bakkt has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Downside Risk

Bakkt has a consensus price target of $13.00, representing about 69.8% downside from its current price of $43.07.

Amount of Analyst Coverage

Bakkt has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Bakkt is -9.70, 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 -9.70, 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 9.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

23.13% 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 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bakkt has recently increased by 8.91%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bakkt does not currently pay a dividend.

Dividend Growth

Bakkt does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

23.13% 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 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bakkt has recently increased by 8.91%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.68

News Sentiment

Bakkt has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Bakkt this week, compared to 6 articles on an average week.

Search Interest

Only 12 people have searched for BKKT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

5 people have added Bakkt to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Bakkt insiders have bought 164.02% more of their company's stock than they have sold. Specifically, they have bought $1,474,500.00 in company stock and sold $558,482.00 in company stock.

Percentage Held by Insiders

Only 2.50% 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.

BKKT Stock Analysis - Frequently Asked Questions

How have BKKT shares performed this year?

Bakkt's stock was trading at $24.77 at the start of the year. Since then, BKKT stock has increased by 73.9% and is now trading at $43.0690.

How were Bakkt's earnings last quarter?

Bakkt Holdings, Inc. (NYSE:BKKT) issued its quarterly earnings data on Monday, August, 11th. The company reported ($2.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.69) by $1.47. The business had revenue of $577.88 million for the quarter, compared to analysts' expectations of $17.10 million. Bakkt had a negative trailing twelve-month return on equity of 99.39% and a negative net margin of 0.77%.
Read the conference call transcript.

When did Bakkt's stock split?

Shares of Bakkt reverse split before market open 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.

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.

What other stocks do shareholders of Bakkt own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bakkt investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), AST SpaceMobile (ASTS), NIO (NIO), Phunware (PHUN) and Inuvo (INUV).

Company Calendar

• Last Earnings: 8/11/2025
• Today: 10/03/2025
• Next Earnings (Estimated): 11/13/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Banking
• Current Symbol: NYSE:BKKT
• CIK: 1820302
• Web: www.victoryparkcapital.com
• Phone: 678-534-5849
• Fax: N/A
• Employees: 760
• Year Founded: 2018

Price Target and Rating

• Average Price Target for Bakkt: $13.00
• High Price Target: $13.00
• Low Price Target: $13.00
• Potential Upside/Downside: -70.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): ($4.43)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$46.66 million
• Net Margins: -0.77%
• Pretax Margin: -1.60%
• Return on Equity: -99.39%
• Return on Assets: -16.63%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.19
• Quick Ratio: 1.19

Sales & Book Value

• Annual Sales: $3.49 billion
• Price / Sales: 0.27
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.59 per share
• Price / Book: 9.59

Miscellaneous

• Outstanding Shares: 21,550,000
• Free Float: 21,012,000
• Market Cap: $948.65 million
• Optionable: Optionable
• Beta: 5.88