NYSE:BKKT Bakkt (BKKT) Stock Forecast, Price & News $1.10 -0.06 (-5.17%) (As of 09/22/2023 08:51 PM ET) Add Compare Share Share Today's Range$1.10▼$1.1850-Day Range$1.10▼$1.8352-Week Range$1.08▼$2.87Volume777,900 shsAverage Volume2.09 million shsMarket Capitalization$302.06 millionP/E RatioN/ADividend YieldN/APrice Target$2.05 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Bakkt MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside86.4% Upside$2.05 Price TargetShort InterestBearish16.46% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$1.05 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.57) to ($0.52) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.68 out of 5 starsBusiness Services Sector254th out of 302 stocksNondepository Credit Institutions Industry34th out of 43 stocks 3.0 Analyst's Opinion Consensus RatingBakkt has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.05, Bakkt has a forecasted upside of 86.4% from its current price of $1.10.Amount of Analyst CoverageBakkt has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted16.46% of the float of Bakkt has been sold short.Short Interest Ratio / Days to CoverBakkt has a short interest ratio ("days to cover") of 6.6.Change versus previous monthShort interest in Bakkt has recently increased by 0.42%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldBakkt does not currently pay a dividend.Dividend GrowthBakkt does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BKKT. Previous Next 1.8 News and Social Media Coverage News SentimentBakkt has a news sentiment score of 0.25. 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 lower news sentiment than the 0.52 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 1 news article for Bakkt this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for BKKT on MarketBeat in the last 30 days. This is a decrease of -94% compared to the previous 30 days.MarketBeat Follows2 people have added Bakkt to their MarketBeat watchlist in the last 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bakkt insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,053,004.00 in company stock.Percentage Held by InsidersOnly 1.93% of the stock of Bakkt is held by insiders.Percentage Held by InstitutionsOnly 8.39% of the stock of Bakkt is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Bakkt are expected to grow in the coming year, from ($0.57) to ($0.52) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bakkt is -0.14, 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. SectorThe P/E ratio of Bakkt is -0.14, 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 RatioBakkt has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Bakkt (NYSE:BKKT) StockBakkt Holdings, Inc. offers a platform for crypto and redeeming loyalty points. The company's institutional-grade technology platform offers various solutions, such as Custody, an institutional-grade custody solution for market participants; Crypto Connect, a platform that enables consumers, businesses, and institutions to buy, sell, and store crypto in a digital experience; Crypto Rewards that focuses on enabling customers to earn crypto rewards, as well as redeem existing reward currencies into crypto; and Crypto Payouts for customers to automatically invest a portion of payments into crypto. Its platform also offers a range of loyalty solutions, including redemption solutions for various rewards categories comprising merchandise, gift cards, and digital experiences; 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.Read More BKKT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BKKT Stock News HeadlinesSeptember 19, 2023 | americanbankingnews.comBakkt (NYSE:BKKT) & Consumer Portfolio Services (NASDAQ:CPSS) Financial AnalysisAugust 31, 2023 | finance.yahoo.comBakkt to Participate in Three Upcoming Investor Forums in SeptemberSeptember 25, 2023 | Weiss Ratings (Ad)Overlooked AI Stock Gets Urgent "Buy"We issued our first "Buy" rating on Apple when it traded at the equivalent of 56 cents per share. It's up 32,571% since. And while Nvidia is up 3x this year… We called it back in 2011. And it has surged 97x (9,624% to be exact) since then. Now, our Weiss Ratings has issued a "Buy" on a stock that's leading the AI revolution in one of the most profitable industries.August 31, 2023 | msn.comBakkt Holdings Inc - (BKKT) Price Target Increased by 6.50% to 1.39August 10, 2023 | msn.comBakkt Holdings, Inc. (BKKT) Reports Q2 Loss, Tops Revenue EstimatesAugust 10, 2023 | finance.yahoo.comBakkt Reports Second Quarter 2023 ResultsJuly 28, 2023 | thestreet.comBakkt Holdings Inc. Class AJuly 28, 2023 | finance.yahoo.comBakkt Schedules Conference Call to Discuss Second Quarter 2023 ResultsSeptember 25, 2023 | Chaikin Analytics (Ad)Wall Street Insider Makes Prediction about Hot A.I. Stock50-year Wall Street Veteran Marc Chaikin just detailed why he's avoiding NVDA and buying this overlooked A.I. stock instead. Learn more here.July 18, 2023 | theglobeandmail.comBakkt Crypto Rewards Comes to Las Vegas Strip with Caesars EntertainmentJuly 16, 2023 | finance.yahoo.comBakkt Holdings, Inc. (NYSE:BKKT) surges 29%; retail investors who own 58% shares profited along with institutionsJuly 12, 2023 | benzinga.comBakkt Hldgs Board Member Sold $315K In Company StockJune 29, 2023 | finance.yahoo.comNew Bakkt Study Reveals Sustained Crypto Interest as Consumers Seek Regulatory ClarityJune 5, 2023 | finance.yahoo.comBakkt Holdings (NYSE:BKKT) investors are sitting on a loss of 50% if they invested a year agoJune 1, 2023 | fool.comBakkt (NYSE: BKKT)May 25, 2023 | finance.yahoo.comBakkt To Participate in the Piper Sandler Global Exchange & FinTech ConferenceMay 17, 2023 | msn.comAre Business Services Stocks Lagging Bakkt (BKKT) This Year?May 17, 2023 | finance.yahoo.comBakkt to Participate in the J.P. Morgan Global Technology, Media and Communications ConferenceMay 13, 2023 | msn.comRosenblatt Reiterates Bakkt Holdings Inc - (BKKT) Buy RecommendationMay 12, 2023 | markets.businessinsider.comRosenblatt Securities Reaffirms Their Buy Rating on Bakkt Holdings, Inc. Class A (BKKT)May 11, 2023 | msn.comRecap: Bakkt Hldgs Q1 EarningsMay 11, 2023 | finance.yahoo.comBakkt Holdings, Inc. (BKKT) Reports Q1 Loss, Lags Revenue EstimatesMay 11, 2023 | finance.yahoo.comBakkt Reports First Quarter 2023 ResultsMay 10, 2023 | msn.comBakkt Holdings Q1 2023 Earnings PreviewApril 25, 2023 | finance.yahoo.comBakkt Schedules Conference Call to Discuss First Quarter 2023 ResultsApril 22, 2023 | barrons.comBakkt Holdings Inc.April 18, 2023 | finance.yahoo.comCautious Investors Not Rewarding Bakkt Holdings, Inc.'s (NYSE:BKKT) Performance CompletelySee More Headlines Receive BKKT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Bakkt and its competitors with MarketBeat's FREE daily newsletter. Email Address BKKT Company Calendar Last Earnings8/10/2023Today9/25/2023Next Earnings (Estimated)11/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Nondepository credit institutions Sub-IndustryN/A SectorBusiness Services Current SymbolNYSE:BKKT CUSIPN/A CIK1820302 Webwww.victoryparkcapital.com Phone678-534-5849FaxN/AEmployees1,037Year FoundedN/APrice Target and Rating Average Stock Price Forecast$2.05 High Stock Price Forecast$2.10 Low Stock Price Forecast$2.00 Forecasted Upside/Downside+86.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($7.71) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-578,100,000.00 Net Margins-153.02% Pretax Margin-518.44% Return on Equity300.60% Return on Assets168.47% Debt Debt-to-Equity RatioN/A Current Ratio1.15 Quick Ratio1.15 Sales & Book Value Annual Sales$54.60 million Price / Sales5.53 Cash Flow$10.00 per share Price / Cash Flow0.11 Book Value$1.27 per share Price / Book0.87Miscellaneous Outstanding Shares274,600,000Free Float269,300,000Market Cap$302.06 million OptionableOptionable Beta4.43 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesDr. Gavin Constantine Michael (Age 58)Pres, CEO & Director Comp: $756.94kMs. Karen J. Alexander CFA (Age 52)CFO & Principal Financial Officer Comp: $661.44kMr. Marc D'Annunzio (Age 51)Gen. Counsel & Sec. Comp: $636.68kMr. Gordon Watson (Age 44)Exec. Director Comp: $25kMr. Michael Leroy Lewis (Age 58)Chief Engineering & Operations Officer Mr. Charles Goodroe (Age 39)VP, Chief Accounting Officer & Principal Accounting Officer Mr. Alex JacobsChief Admin. OfficerMs. Ann Park DeVriesHead of Investor RelationsMs. Lauren PostHead of CommunicationsMr. Mark Elliot (Age 53)Chief Sales & Marketing Officer More ExecutivesKey CompetitorsOppFiNYSE:OPFIBitfarmsNASDAQ:BITFBit DigitalNASDAQ:BTBTHut 8 MiningNASDAQ:HUTMoneyLionNYSE:MLView All CompetitorsInsiders & InstitutionsWolverine Trading LLCSold 9,100 shares on 8/23/2023Ownership: 0.000%Citadel Advisors LLCSold 119,800 shares on 8/15/2023Ownership: 0.000%Alliancebernstein L.P.Bought 23,900 shares on 8/15/2023Ownership: 0.035%Goldman Sachs Group Inc.Bought 20,065 shares on 8/15/2023Ownership: 0.034%Wells Fargo & Company MNBought 16,104 shares on 8/15/2023Ownership: 0.011%View All Insider TransactionsView All Institutional Transactions BKKT Stock - Frequently Asked Questions Should I buy or sell Bakkt stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bakkt in the last year. There are currently 1 sell rating, 1 hold 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. View BKKT analyst ratings or view top-rated stocks. What is Bakkt's stock price forecast for 2023? 3 brokers have issued twelve-month price targets for Bakkt's stock. Their BKKT share price forecasts range from $2.00 to $2.10. On average, they expect the company's share price to reach $2.05 in the next year. This suggests a possible upside of 86.4% 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 2023? Bakkt's stock was trading at $1.19 at the beginning of the year. Since then, BKKT stock has decreased by 7.6% and is now trading at $1.10. View the best growth stocks for 2023 here. When is Bakkt's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023. View our BKKT earnings forecast. How were Bakkt's earnings last quarter? Bakkt Holdings, Inc. (NYSE:BKKT) announced its earnings results on Thursday, August, 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by $0.01. The company earned $347.60 million during the quarter, compared to the consensus estimate of $17.40 million. Bakkt had a positive trailing twelve-month return on equity of 300.60% and a negative net margin of 153.02%. What ETFs hold Bakkt's stock? ETFs with the largest weight of Bakkt (NYSE:BKKT) stock in their portfolio include Invesco Alerian Galaxy Crypto Economy ETF (SATO), Horizon Kinetics Blockchain Development ETF (BCDF), Bitwise Crypto Industry Innovators ETF (BITQ), Grayscale Future of Finance ETF (GFOF), VanEck Digital Assets Mining ETF (DAM), VanEck Digital Transformation ETF (DAPP), Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Global X Blockchain ETF (BKCH). What guidance has Bakkt issued on next quarter's earnings? Bakkt updated its FY 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.13 billion-$3.77 billion. What is Bakkt's stock symbol? Bakkt trades on the New York Stock Exchange (NYSE) under the ticker symbol "BKKT." Who are Bakkt's major shareholders? Bakkt's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.69%), Exchange Traded Concepts LLC (0.85%), Geode Capital Management LLC (0.70%), Van ECK Associates Corp (0.61%), State Street Corp (0.55%) and Mirae Asset Global Investments Co. Ltd. (0.48%). Insiders that own company stock include Gavin Constantine Michael, Impact Acquisition Holding Vpc, Marc D'annunzio and Mark Sonbolian Elliot. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Bakkt's stock price today? One share of BKKT stock can currently be purchased for approximately $1.10. How much money does Bakkt make? Bakkt (NYSE:BKKT) has a market capitalization of $302.06 million and generates $54.60 million in revenue each year. The company earns $-578,100,000.00 in net income (profit) each year or ($7.71) on an earnings per share basis. How many employees does Bakkt have? The company employs 1,037 workers across the globe. How can I contact Bakkt? Bakkt's mailing address is 150 NORTH RIVERSIDE PLAZA SUITE 5200, CHICAGO IL, 60606. The official website for the company is www.victoryparkcapital.com. The company can be reached via phone at 678-534-5849 or via email at ir@victoryparkcapital.com. This page (NYSE:BKKT) was last updated on 9/25/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Bakkt Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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