Allegiant Travel (NASDAQ:ALGT) Shares Gap Down – Time to Sell?

Allegiant Travel Company (NASDAQ:ALGT)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $94.97, but opened at $90.65. Allegiant Travel shares last traded at $90.7310, with a volume of 144,564 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Citigroup lifted their price target on Allegiant Travel from $88.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Bank of America upgraded shares of Allegiant Travel from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $55.00 to $95.00 in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Friday, December 12th. UBS Group lifted their price target on shares of Allegiant Travel from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen raised Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $91.20.

Allegiant Travel Price Performance

The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.95 and a current ratio of 0.98. The business’s fifty day simple moving average is $79.45 and its 200 day simple moving average is $66.18. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -5.31, a price-to-earnings-growth ratio of 0.24 and a beta of 1.64.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Tuesday, November 4th. The transportation company reported ($2.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.84) by ($0.25). The business had revenue of $561.93 million for the quarter, compared to analysts’ expectations of $575.13 million. Allegiant Travel had a positive return on equity of 5.24% and a negative net margin of 11.36%.The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.02) earnings per share. Allegiant Travel has set its FY 2025 guidance at 3.000- EPS and its Q4 2025 guidance at 1.500-2.500 EPS. Research analysts predict that Allegiant Travel Company will post 7.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ALGT. SG Americas Securities LLC grew its holdings in Allegiant Travel by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 11,982 shares of the transportation company’s stock worth $1,022,000 after acquiring an additional 1,301 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in Allegiant Travel in the fourth quarter worth about $233,000. Hudson Bay Capital Management LP bought a new stake in Allegiant Travel in the third quarter valued at about $1,109,000. Jacobs Levy Equity Management Inc. raised its stake in Allegiant Travel by 14.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 433,668 shares of the transportation company’s stock valued at $26,354,000 after buying an additional 53,800 shares in the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in Allegiant Travel by 37.9% during the 3rd quarter. Dark Forest Capital Management LP now owns 45,325 shares of the transportation company’s stock worth $2,754,000 after buying an additional 12,462 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Company Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.