Bakkt Holdings, Inc. (BKKT)

NYSE: BKKT · IEX Real-Time Price · USD
0.956
-0.002 (-0.16%)
At close: Feb 27, 2024, 4:00 PM
0.977
+0.021 (2.19%)
After-hours: Feb 27, 2024, 7:59 PM EST
-0.16%
Market Cap 91.36M
Revenue (ttm) 580.99M
Net Income (ttm) -147.10M
Shares Out 95.42M
EPS (ttm) -1.67
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 2,375,111
Open 1.000
Previous Close 0.958
Day's Range 0.938 - 1.010
52-Week Range 0.641 - 2.750
Beta 4.40
Analysts Strong Buy
Price Target 1.70 (+77.82%)
Earnings Date Mar 20, 2024

About BKKT

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 auto... [Read more]

Sector Technology
Founded 2018
Employees 1,037
Stock Exchange NYSE
Ticker Symbol BKKT
Full Company Profile

Financial Performance

In 2022, Bakkt Holdings's revenue was $54.57 million, an increase of 91.50% compared to the previous year's $28.50 million. Losses were -$578.11 million, 626.2% more than in 2020.

Financial Statements

Analyst Forecast

According to one analyst, the rating for BKKT stock is "Strong Buy" and the 12-month stock price forecast is $1.7.

Price Target
$1.7
(77.82% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

19 hours 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.

4 days 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. ...

5 days 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...

13 days 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...

19 days 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.

19 days 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 weeks 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 weeks 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...

3 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...

3 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...

3 months ago - Business Wire

Bakkt Continues International Expansion as US Maintains Regulatory Uncertainty

Bakkt Holdings, a provider of crypto trading and custody services, is prioritizing international expansion as a key component of its business strategy. The company aims to enter nine new international...

3 months ago - PYMNTS

Bakkt Reports Third Quarter 2023 Results

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) announced its financial and operational results for the quarter ended September 30, 2023. “This quarter we clearly demonst...

3 months ago - Business Wire

Bakkt Announces Expansion of International Footprint and Custody Client Base

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today its planned expansion of crypto capabilities into numerous international markets with both existing and newly-signed...

3 months ago - Business Wire

Bakkt to Participate in Oppenheimer's 6th Blockchain & Digital Assets Summit

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will participate in the 6th Blockchain & Digital Assets Summit on Wednesday, November 15, 2023. Gavin Michae...

3 months ago - Business Wire

Superstar Jeff Dunham Announces Six 2024 Dates for “Still Not Canceled” at Bakkt Theater at Planet Hollywood Resort & Casino

LAS VEGAS--(BUSINESS WIRE)--Jeff Dunham and his somewhat-inappropriate-proteges, Peanut, Walter, José Jalapeño, Bubba J. and Achmed the Dead Terrorist, announce six 2024 dates for his show, “Still Not...

4 months ago - Business Wire

Scorpions Returning to Bakkt Theater at Planet Hollywood Resort & Casino With New Las Vegas Headlining Residency Celebrating the 40th Anniversary of Love at First Sting Album

LAS VEGAS--(BUSINESS WIRE)--Scorpions, one of the most iconic and influential hard rock bands of all time, are returning to the Las Vegas Strip in 2024 with a brand new exclusive headlining residency ...

4 months ago - Business Wire

Bakkt Schedules Conference Call to Discuss Third Quarter 2023 Results

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will release its third quarter 2023 earnings on Tuesday, November 14, 2023, before market open. Management w...

4 months ago - Business Wire

Bakkt to Participate in Three Upcoming Investor Forums in September

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will participate in three upcoming investor forums in September. Management will attend: 3rd Annual Needham ...

6 months ago - Business Wire

Global Icon Shania Twain Announces Her Return to Las Vegas With Brand New COME ON OVER Residency at Bakkt Theater at Planet Hollywood Resort & Casino

LAS VEGAS--(BUSINESS WIRE)--One of music's most renowned trailblazers and the top-selling female country artist of all-time, Shania Twain, is returning to the Las Vegas Strip with Shania Twain: COME O...

7 months ago - Business Wire

Bakkt Reports Second Quarter 2023 Results

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) announced its financial and operational results for the quarter ended June 30, 2023. “We are pleased with the rapid moment...

7 months ago - Business Wire

Bakkt Schedules Conference Call to Discuss Second Quarter 2023 Results

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will release its second quarter 2023 earnings on Thursday, August 10, 2023, before market open. Management w...

7 months ago - Business Wire

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

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings Inc (NYSE: BKKT) (“Bakkt”) released findings from its “Bi-Annual U.S. Consumer Crypto Sentiment Study” of more than 2,000 U.S. consumers who own crypto...

8 months ago - Business Wire

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

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will participate in the Piper Sandler Global Exchange & FinTech Conference on Thursday, June 8, 2023. Gavin ...

9 months ago - Business Wire

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

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will participate in the 51st Annual J.P. Morgan Global Technology, Media and Communications Conference on We...

10 months ago - Business Wire