NYSE:BKKT

Bakkt (BKKT) Stock Forecast, Price & News

$1.10

-0.06 (-5.17%)

(As of 09/22/2023 08:51 PM ET)

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Today's Range: $1.10
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$1.18
50-Day Range: $1.10
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$1.83
52-Week Range: $1.08
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$2.87

Volume: 777,900 shs
Average Volume: 2.09 million shs
Market Capitalization: $302.06 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.05

Bakkt MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 86.4% Upside
$2.05 Price Target
Short Interest: Bearish
16.46% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$1.05 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.57) to ($0.52) Per Share

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 stars

Business Services Sector

254th out of 302 stocks

Nondepository Credit Institutions Industry

34th out of 43 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, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According 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 Coverage
Bakkt has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
16.46% 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 6.6.
Change versus previous month
Short interest in Bakkt has recently increased by 0.42%, indicating that investor sentiment is decreasing.

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.

1.8

News and Social Media Coverage

News Sentiment
Bakkt 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 Week
MarketBeat has tracked 1 news article for Bakkt this week, compared to 1 article on an average week.
Search Interest
Only 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 Follows
2 people have added Bakkt to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 1.93% of the stock of Bakkt is held by insiders.
Percentage Held by Institutions
Only 8.39% 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 ($0.57) to ($0.52) per share.
Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
Bakkt 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.

See Top Rated MarketRank™ Stocks Here

About Bakkt (NYSE:BKKT) Stock

Bakkt 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.

BKKT Price History

30 days | 90 days | 365 days | Advanced Chart

BKKT Stock News Headlines

September 19, 2023 | americanbankingnews.com

Bakkt (NYSE:BKKT) & Consumer Portfolio Services (NASDAQ:CPSS) Financial Analysis

August 31, 2023 | finance.yahoo.com

Bakkt to Participate in Three Upcoming Investor Forums in September

September 25, 2023 | Weiss Ratings (Ad)

Overlooked AI Stock Gets Urgent "Buy"

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August 31, 2023 | msn.com

Bakkt Holdings Inc - (BKKT) Price Target Increased by 6.50% to 1.39

August 10, 2023 | msn.com

Bakkt Holdings, Inc. (BKKT) Reports Q2 Loss, Tops Revenue Estimates

August 10, 2023 | finance.yahoo.com

Bakkt Reports Second Quarter 2023 Results

July 28, 2023 | thestreet.com

Bakkt Holdings Inc. Class A

July 28, 2023 | finance.yahoo.com

Bakkt Schedules Conference Call to Discuss Second Quarter 2023 Results

September 25, 2023 | Chaikin Analytics (Ad)

Wall Street Insider Makes Prediction about Hot A.I. Stock

50-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.com

Bakkt Crypto Rewards Comes to Las Vegas Strip with Caesars Entertainment

July 16, 2023 | finance.yahoo.com

Bakkt Holdings, Inc. (NYSE:BKKT) surges 29%; retail investors who own 58% shares profited along with institutions

July 12, 2023 | benzinga.com

Bakkt Hldgs Board Member Sold $315K In Company Stock

June 29, 2023 | finance.yahoo.com

New Bakkt Study Reveals Sustained Crypto Interest as Consumers Seek Regulatory Clarity

June 5, 2023 | finance.yahoo.com

Bakkt Holdings (NYSE:BKKT) investors are sitting on a loss of 50% if they invested a year ago

June 1, 2023 | fool.com

Bakkt (NYSE: BKKT)

May 25, 2023 | finance.yahoo.com

Bakkt To Participate in the Piper Sandler Global Exchange & FinTech Conference

May 17, 2023 | msn.com

Are Business Services Stocks Lagging Bakkt (BKKT) This Year?

May 17, 2023 | finance.yahoo.com

Bakkt to Participate in the J.P. Morgan Global Technology, Media and Communications Conference

May 13, 2023 | msn.com

Rosenblatt Reiterates Bakkt Holdings Inc - (BKKT) Buy Recommendation

May 12, 2023 | markets.businessinsider.com

Rosenblatt Securities Reaffirms Their Buy Rating on Bakkt Holdings, Inc. Class A (BKKT)

May 11, 2023 | msn.com

Recap: Bakkt Hldgs Q1 Earnings

May 11, 2023 | finance.yahoo.com

Bakkt Holdings, Inc. (BKKT) Reports Q1 Loss, Lags Revenue Estimates

May 11, 2023 | finance.yahoo.com

Bakkt Reports First Quarter 2023 Results

May 10, 2023 | msn.com

Bakkt Holdings Q1 2023 Earnings Preview

April 25, 2023 | finance.yahoo.com

Bakkt Schedules Conference Call to Discuss First Quarter 2023 Results

April 22, 2023 | barrons.com

Bakkt Holdings Inc.

April 18, 2023 | finance.yahoo.com

Cautious Investors Not Rewarding Bakkt Holdings, Inc.'s (NYSE:BKKT) Performance Completely

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BKKT Company Calendar

Last Earnings: 8/10/2023
Today: 9/25/2023
Next Earnings (Estimated): 11/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Nondepository credit institutions
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:BKKT
CUSIP: N/A
CIK: 1820302
Web: www.victoryparkcapital.com
Phone: 678-534-5849
Fax: N/A
Employees: 1,037
Year Founded: N/A

Price 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 Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($7.71)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-578,100,000.00
Net Margins: -153.02%
Pretax Margin: -518.44%
Return on Equity: 300.60%
Return on Assets: 168.47%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.15
Quick Ratio: 1.15

Sales & Book Value

Annual Sales: $54.60 million
Price / Sales: 5.53
Cash Flow: $10.00 per share
Price / Cash Flow: 0.11
Book Value: $1.27 per share
Price / Book: 0.87

Miscellaneous

Outstanding Shares: 274,600,000
Free Float: 269,300,000
Market Cap: $302.06 million
Optionable: Optionable
Beta: 4.43

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Key Executives

Dr. Gavin Constantine Michael (Age 58)
Pres, CEO & Director
Comp: $756.94k

Ms. Karen J. Alexander CFA (Age 52)
CFO & Principal Financial Officer
Comp: $661.44k

Mr. Marc D'Annunzio (Age 51)
Gen. Counsel & Sec.
Comp: $636.68k

Mr. Gordon Watson (Age 44)
Exec. Director
Comp: $25k

Mr. Michael Leroy Lewis (Age 58)
Chief Engineering & Operations Officer

Mr. Charles Goodroe (Age 39)
VP, Chief Accounting Officer & Principal Accounting Officer

Mr. Alex Jacobs
Chief Admin. Officer

Ms. Ann Park DeVries
Head of Investor Relations

Ms. Lauren Post
Head of Communications

Mr. Mark Elliot (Age 53)
Chief Sales & Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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