Allegiant Travel (NASDAQ:ALGT) Trading Up 9.3% – Should You Buy?

Allegiant Travel Company (NASDAQ:ALGT)’s stock price traded up 9.3% during trading on Wednesday . The stock traded as high as $75.43 and last traded at $76.3790. 151,952 shares traded hands during trading, a decline of 73% from the average session volume of 554,349 shares. The stock had previously closed at $69.87.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup cut their price target on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Allegiant Travel in a research report on Wednesday, January 21st. Susquehanna reissued a “positive” rating and set a $110.00 price target on shares of Allegiant Travel in a research report on Friday, February 6th. Zacks Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Morgan Stanley boosted their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.70.

Allegiant Travel Stock Performance

The stock’s 50-day simple moving average is $80.88 and its 200-day simple moving average is $84.39. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -38.58, a price-to-earnings-growth ratio of 0.34 and a beta of 1.50. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The firm had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. During the same quarter in the prior year, the business posted $2.11 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Analysts forecast that Allegiant Travel Company will post 4.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Emerald Advisers LLC grew its position in shares of Allegiant Travel by 23.7% during the 3rd quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company’s stock worth $25,992,000 after purchasing an additional 81,987 shares in the last quarter. Heartland Advisors Inc. acquired a new position in shares of Allegiant Travel during the 3rd quarter worth approximately $12,747,000. Advisors Asset Management Inc. acquired a new position in shares of Allegiant Travel during the 3rd quarter worth approximately $1,077,000. Vanguard Group Inc. lifted its holdings in shares of Allegiant Travel by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock worth $101,948,000 after acquiring an additional 66,596 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Allegiant Travel by 34.8% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 260,935 shares of the transportation company’s stock worth $15,857,000 after acquiring an additional 67,311 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

About Allegiant Travel

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.