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: $11.07 to $11.80
• 50-Day Range: $6.96 to $12.32
• 52-Week Range: $6.87 to $49.79
• Volume: 1.82 million shs
• Average Volume: 2.16 million shs
• Market Capitalization: $510.38 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $22.00
• Consensus Rating: Hold

Bakkt Stock Analysis - MarketRank™

Bakkt scored higher than 43% of companies evaluated by MarketBeat, and ranked 158th out of 300 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: 3.4 / 5
• Analyst Rating: Hold

Consensus Rating

Bakkt has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no strong buy ratings, 1 buy rating, no hold ratings, and 1 sell rating.

Upside Potential

Bakkt has a consensus price target of $22.00, representing about 92.3% upside from its current price of $11.44.

Amount of Analyst Coverage

Bakkt has only been the subject of 2 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 -8.35, 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 -8.35, 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 2.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

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

Percentage of Shares Shorted

10.80% 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 2.76, 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 10.80%, 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.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 2 news articles for Bakkt this week, compared to 3 articles on an average week.

Search Interest

16 people have searched for BKKT on MarketBeat in the last 30 days. This is an increase of 700% compared to the previous 30 days.

Company Ownership

• Score: 3.1 / 5
• Insider Trading: Acquiring Shares

Net Insider Buying

Over the last three months, insiders have purchased a net $4,736,404.00 in company stock, which represents 0.9280% of the company's market cap.

Insider Buying vs. Insider Selling

In the past three months, Bakkt insiders have bought 4,240.44% more of their company's stock than they have sold. Specifically, they have bought $4,848,100.00 in company stock and sold $111,696.00 in company stock.

Percentage Held by Insiders

2.50% of the stock of Bakkt is held by insiders.

Percentage Held by Institutions

11.11% of the stock of Bakkt is held by institutions.

Company Calendar

• Last Earnings: 5/11/2026
• Today: 5/27/2026
• AGM 2026: 6/23/2026
• Next Earnings (Estimated): 8/10/2026
• Fiscal Year End: 12/31/2026

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: $22.00
• High Price Target: $22.00
• Low Price Target: $22.00
• Potential Upside/Downside: +92.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.37)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$107.21 million
• Net Margins: -8.37%
• Pretax Margin: -8.48%
• Return on Equity: -64.73%
• Return on Assets: -36.90%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.13
• Quick Ratio: 4.13

Sales & Book Value

• Annual Sales: $2.34 billion
• Price / Sales: 0.22
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.83 per share
• Price / Book: 2.99

Miscellaneous

• Outstanding Shares: 44,610,000
• Free Float: 43,497,000
• Market Cap: $510.38 million
• Optionable: Optionable
• Beta: 5.85