In a report released today, Andrew Bond from Rosenblatt Securities maintained a Buy rating on Bakkt Holdings, Inc. Class A (BKKT – Research Report), with a price target of $2.10. The company’s shares opened today at $1.17.
According to TipRanks, Bond is an analyst with an average return of -6.1% and a 38.71% success rate. Bond covers the Financial sector, focusing on stocks such as Marketaxess Holdings, Cboe Global Markets, and CME Group.
Currently, the analyst consensus on Bakkt Holdings, Inc. Class A is a Hold with an average price target of $1.50.
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Based on Bakkt Holdings, Inc. Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $13.57 million and a GAAP net loss of $3.9 million. In comparison, last year the company earned a revenue of $9.14 million and had a GAAP net loss of $28.85 million
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BKKT in relation to earlier this year.
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