Bakkt Holdings, Inc. (BKKT)

NYSE: BKKT · IEX Real-Time Price · USD
10.49
-1.69 (-13.88%)
At close: May 16, 2024, 4:00 PM
10.48
-0.01 (-0.10%)
After-hours: May 16, 2024, 7:48 PM EDT
-13.88%
Market Cap 135.49M
Revenue (ttm) 1.62B
Net Income (ttm) -69.04M
Shares Out 13.02M
EPS (ttm) -18.61
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 372,678
Open 11.22
Previous Close 12.18
Day's Range 9.75 - 11.49
52-Week Range 5.57 - 68.75
Beta 4.09
Analysts Hold
Price Target 13.13 (+25.17%)
Earnings Date May 15, 2024

About 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 solution... [Read more]

Sector Technology
Founded 2018
Employees 747
Stock Exchange NYSE
Ticker Symbol BKKT
Full Company Profile

Financial Performance

In 2023, Bakkt Holdings's revenue was $780.14 million, an increase of 1287.55% compared to the previous year's $56.22 million. Losses were -$74.85 million, -87.05% less than in 2022.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for BKKT stock is "Hold." The 12-month stock price forecast is $13.13, which is an increase of 25.17% from the latest price.

Price Target
$13.13
(25.17% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Bakkt: Institutional Investors to Drive Growth in Crypto Trading Market

Institutional investors are going to play a bigger role in the cryptocurrency trading market, Bakkt said Wednesday (May 15) when announcing its latest quarterly results.

1 day ago - PYMNTS

Bakkt Reports First Quarter 2024 Results

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) announced its financial and operational results for the quarter ended March 31, 2024. CEO Comments: “We m...

1 day ago - Business Wire

Bakkt Reschedules Release of First Quarter 2024 Earnings Results and Conference Call

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it has changed the date for its previously announced earnings conference call. The company will now host a conf...

3 days ago - Business Wire

Bakkt Cuts 13% of Staff as Execs Depart

Bakkt is cutting staff after warning earlier this year about the future of the company. The cryptocurrency platform said in a securities filing Friday (May 3) that it is laying off 28 workers, or 13% ...

10 days ago - PYMNTS

Bakkt Schedules Conference Call to Discuss First Quarter 2024 Results

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will release its first quarter 2024 earnings on Tuesday, May 14, 2024, before market open. Management will h...

16 days ago - Business Wire

Bakkt Announces Reverse Stock Split

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) today announced that, following approval by the Company's stockholders and its Board of Directors, the Company will effect a reverse...

23 days ago - Business Wire

Bakkt Holdings Reports Q4, Shares Climb On Strong FY24 Guidance

Bakkt Holdings, Inc. reported its fourth-quarter financial results after the bell on Monday. Here's a look at the highlights.

7 weeks ago - Benzinga

Bakkt Reports Fourth Quarter and Full Year 2023 Results

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) announced its financial and operational results for the quarter and full year ended December 31, 2023. “Bakkt has built a ...

7 weeks ago - Business Wire

Bakkt Announces Leadership Transition

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) today announced that Andy Main has been appointed President and Chief Executive Officer, effective March 26, 2024. He will succeed G...

2 months ago - Business Wire

Bakkt Notified by NYSE of Non-Compliance with NYSE Trading Share Price Listing Rule

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that the New York Stock Exchange (the “NYSE”) notified the Company (the “Notice”) that the Company is not in complia...

2 months ago - Business Wire

Bakkt Now Available Through Unchained's Collaborative Custody Network

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) today announced that the company is available now as a key agent for Unchained's enterprise collaborative custody product....

2 months ago - Business Wire

Beleaguered Bakkt Completes $32 Million Direct Offering

Crypto infrastructure firm Bakkt completed two securities purchase agreements collectively worth $32.4 million on Monday after it warned investors of a cash crunch last month.

2 months ago - Forbes

Bakkt Announces $40 Million Registered Direct Offering with Institutional Investors and $10 Million Concurrent Registered Direct Offering

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) today announced that it has entered into two securities purchase agreements, which relate to: The purchase and sale of 46,...

2 months ago - Business Wire

Bakkt Announces Preliminary 2023 Financial Results; Preliminary Estimates Within Previously Provided Guidance

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) announced certain preliminary financial results for the fourth quarter and full year ended December 31, 2023. Preliminary ...

2 months ago - Business Wire

Bakkt Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Results

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will release its fourth quarter and full year 2023 earnings on Wednesday, March 20, 2024, before market open...

2 months ago - Business Wire

Bakkt Lost $2 Billion. Here's Its Latest Plan To Survive

When Bakkt launched in 2018, the markets were ecstatic. “Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is now in the bitcoin business,” read the MIT Technology Review.

2 months ago - Forbes

Swan Bitcoin and Bakkt Team Up to Provide Bitcoin Trading Across 49 U.S. States

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) and Swan Bitcoin (“Swan”) today announced that the companies have enabled Bitcoin trading across 49 U.S. states together. ...

3 months ago - Business Wire

Bakkt Shelf Registration Statement Declared Effective by the SEC

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) announced that its “universal shelf” registration statement on Form S-3 was declared effective by the Securities and Excha...

3 months ago - Business Wire

Bakkt Issues Statement Regarding Recently Filed Amendments to Third Quarter Form 10-Q

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) issued the following statement regarding the recently filed amendments to its Form 10-Q for the quarter ended September 30...

3 months ago - Business Wire

Bakkt, backed by NYSE owner, faces cash crunch; stock plunges

Bakkt, once hailed as Bitcoin's potential saviour, is now grappling with a financial crisis that raises doubts about its future.

3 months ago - Invezz

Bakkt Expands Crypto Trading Capabilities to 5 More Countries

Bakkt has expanded its crypto trading capabilities to Brazil, Guatemala, Spain, Hong Kong and Singapore. This expansion broadens Bakkt's footprint in Latin America and marks its entry into Asia, the p...

4 months ago - PYMNTS

Bakkt Crypto Capabilities Activated Across Multiple International Regions

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today its activation of crypto capabilities in several new international markets in Asia, Europe, North America and South ...

4 months ago - Business Wire

Miranda Lambert Announces Final Dates for Velvet Rodeo Headlining Las Vegas Residency at Bakkt Theater at Planet Hollywood Resort & Casino

LAS VEGAS--(BUSINESS WIRE)--Miranda Lambert has announced the final dates for her critically acclaimed “Miranda Lambert: Velvet Rodeo The Las Vegas Residency” at Bakkt Theater at Planet Hollywood Reso...

5 months ago - Business Wire

Unchained Partners with Bakkt to Expand its Collaborative Custody Network for Bitcoin

AUSTIN, Texas--(BUSINESS WIRE)--Unchained, the leading financial services provider for bitcoin holders, today announced that Bakkt has agreed to join its network of collaborative custody partners. Bak...

6 months ago - Business Wire

Bakkt Announces Relaunch of Bakkt® Custody with Additional Functionality and Expanded Asset Support

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it has relaunched its Bakkt® Custody platform with enhanced capabilities, a revitalized interface, and a founda...

6 months ago - Business Wire