Free Trial
NYSE:BKKT

Bakkt (BKKT) Stock Price, News & Analysis

$16.18
-0.47 (-2.82%)
(As of 05/21/2024 ET)
Today's Range
$15.31
$20.00
50-Day Range
$0.40
$16.84
52-Week Range
$5.57
$68.75
Volume
1.52 million shs
Average Volume
301,029 shs
Market Capitalization
$208.19 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.13

Bakkt MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
18.9% Downside
$13.13 Price Target
Short Interest
Healthy
17.34% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.75mentions of Bakkt in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$2.71 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($8.00) to ($4.75) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.59 out of 5 stars

Business Services Sector

273rd out of 293 stocks

Nondepository Credit Institutions Industry

46th out of 47 stocks

BKKT stock logo

About Bakkt Stock (NYSE:BKKT)

Bakkt Holdings, Inc. offers software as a service and application programming interface solutions for crypto and loyalty, powering engagement, and performance. The company operates Bakkt Marketplace, a platform that enables consumers to buy, sell, and store crypto in an embedded web experience; Bakkt Crypto, a platform that supports clients with a range of crypto solutions; and Bakkt Trust, institutional-grade qualified custody solution for market participants. Its platform also offers a range of loyalty solutions, including redemption solutions for various rewards categories comprising travel, gift cards, and merchandise; 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 Stock Price History

BKKT Stock News Headlines

Bakkt Reports First Quarter 2024 Results
Bakkt (BKKT) Scheduled to Post Quarterly Earnings on Tuesday
Bakkt Cuts 13% of Staff as Execs Depart
Why Is Bakkt (BKKT) Stock Moving Today?
Bakkt Announces Reverse Stock Split
Bakkt Holdings, Inc. (BKKT)
Facing delisting, Bakkt replaces its CEO
Earnings Preview: Bakkt Hldgs
Bakkt appoints Andy Main as CEO
Bakkt Announces Leadership Transition
BKKT Apr 2024 1.500 call
BKKT Apr 2024 1.500 put
See 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.

Company Calendar

Last Earnings
3/25/2024
Today
5/21/2024
Next Earnings (Estimated)
8/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Fax
N/A
Employees
747
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.13
High Stock Price Target
$18.75
Low Stock Price Target
$7.50
Potential Upside/Downside
-18.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-74,850,000.00
Pretax Margin
-12.44%

Debt

Sales & Book Value

Annual Sales
$1.62 billion
Book Value
$12.34 per share

Miscellaneous

Free Float
12,642,000
Market Cap
$208.19 million
Optionable
Optionable
Beta
4.23
The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report

Key Executives

  • Mr. Andrew A. Main (Age 58)
    President, CEO & Director
    Comp: $31.25k
  • Ms. Karen J. Alexander CFA (Age 52)
    CFO & Principal Financial Officer
    Comp: $661.44k
  • Mr. Marc D'Annunzio (Age 51)
    General Counsel & Secretary
    Comp: $636.68k
  • Dr. Gavin Constantine Michael (Age 59)
    Advisor
    Comp: $756.94k
  • Mr. Gordon Watson (Age 44)
    Executive Director
    Comp: $25k
  • Mr. Alex Jacobs
    Chief Administrative Officer
  • Mr. Charles Goodroe (Age 39)
    VP, Chief Accounting Officer & Principal Accounting Officer
  • Mr. Nicholas Baes
    Chief Technology Officer
  • Ms. Ann Park DeVries
    Head of Investor Relations
  • Ms. Lauren Post
    Head of Communications

BKKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Bakkt stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bakkt in the last twelve months. 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.
View BKKT analyst ratings
or view top-rated stocks.

What is Bakkt's stock price target for 2024?

2 equities research analysts have issued 12 month price objectives for Bakkt's stock. Their BKKT share price targets range from $7.50 to $18.75. On average, they predict the company's share price to reach $13.13 in the next twelve months. This suggests that the stock has a possible downside of 18.9%.
View analysts price targets for BKKT
or view top-rated stocks among Wall Street analysts.

How have BKKT shares performed in 2024?

Bakkt's stock was trading at $55.75 at the start of the year. Since then, BKKT stock has decreased by 71.0% and is now trading at $16.18.
View the best growth stocks for 2024 here
.

Are investors shorting Bakkt?

Bakkt saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 941,400 shares, a decrease of 95.4% from the April 15th total of 20,340,000 shares. Based on an average daily trading volume, of 320,600 shares, the short-interest ratio is presently 2.9 days. Approximately 17.3% of the company's shares are short sold.
View Bakkt's Short Interest
.

When is Bakkt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 8th 2024.
View our BKKT earnings forecast
.

How were Bakkt's earnings last quarter?

Bakkt Holdings, Inc. (NYSE:BKKT) issued its quarterly earnings results on Monday, March, 25th. The company reported ($7.25) EPS for the quarter, missing the consensus estimate of ($2.75) by $4.50. The business earned $214.50 million during the quarter, compared to analysts' expectations of $214 million. Bakkt had a negative net margin of 4.26% and a negative trailing twelve-month return on equity of 37.42%.

When did Bakkt's stock split?

Bakkt shares 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.

What guidance has Bakkt issued on next quarter's earnings?

Bakkt updated its FY 2024 earnings guidance on Thursday, May, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.0 billion-$4.4 billion.

Who are Bakkt's major shareholders?

Bakkt's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (2.13%), Vanguard Group Inc. (28.93%), Mirae Asset Global Investments Co. Ltd. (11.69%), Kingswood Wealth Advisors LLC (0.04%), SG Americas Securities LLC (0.61%) 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.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BKKT) was last updated on 5/22/2024 by MarketBeat.com Staff

From Our Partners