Peak6 Capital Management LLC recently announced the acquisition of new stake in Bakkt Holdings Inc (NYSE:BKKT). This fresh investment now brings its stake to 6.72% valued currently at $6.2 million. In addition, The Vanguard Group, Inc. raised its holdings by 6397.0 to 3.13 million shares. And Geode Capital Management LLC has lifted its position by 7.87% or 0.15 million shares – to 2.07 million shares.
With over 8.47 million Bakkt Holdings Inc (BKKT) shares trading Monday and a closing price of $1.99 on the day, the dollar volume was approximately $16.86 million. The shares have shown a positive half year performance of 42.14% and its price on 12/04/23 gained nearly 5.85%. Currently, there are 80.93M common shares owned by the public and among those 73.46M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for BKKT have a consensus price objective of $1.07. The analysts have set the share’s price value over the next 12 months at a high of $1.70 and a low of $0.50. The average price target is -85.98% below its recent price level and a downside to the estimated low will see the stock lose -298.0% over that period. But a downside of -17.06% will see the stock hit the forecast high price target while median target price for the stock is $1.00.
Insiders at the company have transacted a total of 74 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 5,068,374 shares. Insider sales of the common stock occurred on 41 occasions, with total insider shares sold totaling 4,955,679 shares.
The top 3 mutual fund holders in Bakkt Holdings Inc are Bitwise Crypto Industry Innovator, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF. Bitwise Crypto Industry Innovator owns 2.34 million shares of the company’s stock, all valued at over $2.36 million. The company bought an additional 5121.0 shares recently to bring their total holdings to about 2.56% of the shares outstanding. iShares Russell 2000 ETF sold 17287.0 shares to bring its total holdings to over 1.72 million shares at a value of $1.74 million. iShares Russell 2000 ETF now owns shares totaling to 1.89% of the shares outstanding.
Shares of Bakkt Holdings Inc (NYSE: BKKT) opened at $2.04, up $0.16 from a prior closing price of $1.88. The company’s stock has a 5-day price change of 10.56% and 53.08% over the past three months. BKKT shares are trading 67.23% year to date (YTD), with the 12-month market performance up to 10.56% higher. It has a 12-month low price of $0.64 and touched a high of $2.87 over the same period. BKKT has an average intraday trading volume of 1.79 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 57.35%, 71.85%, and 46.72% respectively.
Institutional ownership of Bakkt Holdings Inc (NYSE: BKKT) shares accounts for 33.90% of the company’s 80.93M shares outstanding. Mutual fund holders own 15.39%, while other institutional holders and individual stakeholders account for 19.78% and 15.17% respectively.
It has a market capitalization of $181.95M and a beta (3y monthly) value of 4.32. The earnings-per-share (ttm) stands at -$1.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 16.78% over the week and 20.02% over the month.
Analysts forecast that Bakkt Holdings Inc (BKKT) will achieve an EPS of $BlackRock Income Trust Inc. (Th for the current quarter, $11.72 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Brookdale Senior Living Inc. 7. while analysts give the company a high EPS estimate of $BANK OF UTICA. Comparatively, EPS for the current quarter was $BKKN a year ago. Earnings per share for the fiscal year are expected to increase by 92.39%, and 60.94% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Bakkt Holdings Inc (BKKT) as a “Hold” at a consensus score of 3.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the BKKT, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on September 29, 2022, with the firm’s price target at $2.50.
