Allegiant Travel (NASDAQ:ALGT) Shares Gap Up on Analyst Upgrade

Allegiant Travel Company (NASDAQ:ALGT)’s share price gapped up prior to trading on Monday after UBS Group raised their price target on the stock from $90.00 to $93.00. The stock had previously closed at $77.05, but opened at $83.40. UBS Group currently has a neutral rating on the stock. Allegiant Travel shares last traded at $83.1790, with a volume of 66,715 shares traded.

Several other equities analysts have also weighed in on ALGT. Zacks Research upgraded Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Bank of America upgraded Allegiant Travel from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $55.00 to $95.00 in a research report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Allegiant Travel in a report on Wednesday, January 21st. Citigroup cut their price objective on Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Finally, Susquehanna reaffirmed a “positive” rating and set a $110.00 target price on shares of Allegiant Travel in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $97.91.

Insider Transactions at Allegiant Travel

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $114.00, for a total transaction of $98,154.00. Following the completion of the sale, the chairman directly owned 150,000 shares in the company, valued at approximately $17,100,000. The trade was a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 300,000 shares of company stock valued at $34,350,512. Insiders own 14.70% of the company’s stock.

Key Headlines Impacting Allegiant Travel

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Allegiant rolled out a limited-time “Travel with Confidence” policy allowing penalty-free changes or cancellations for bookings affected by the partial U.S. government shutdown — a move that should support near-term demand and reduce booking friction. Travel with Confidence policy
• Positive Sentiment: UBS raised its price target from $90 to $93 while keeping a “neutral” rating — a small upgrade to analyst expectations that supports upside vs. the prior target and may have helped sentiment. UBS target raise
• Neutral Sentiment: Brokerage consensus remains a “Hold” — no clear buy-side conviction from analysts, so the net analyst backdrop is neutral. Consensus “Hold”
• Neutral Sentiment: Multiple short-interest reports appear internally inconsistent (showing 0 shares and NaN changes across different filings), indicating a likely data/reporting error rather than a meaningful change in short positioning — not evidence of increased short pressure or an impending squeeze.
• Negative Sentiment: Citigroup trimmed its price target to $98 (reported as a “cut”), which could weigh on sentiment despite the target remaining above the current price — this represents a moderation in one major analyst’s outlook. Citigroup target cut

Institutional Trading of Allegiant Travel

Several large investors have recently made changes to their positions in ALGT. Vanguard Group Inc. raised its stake in Allegiant Travel by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock valued at $101,948,000 after purchasing an additional 66,596 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in Allegiant Travel by 11.6% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,506,633 shares of the transportation company’s stock worth $82,789,000 after purchasing an additional 156,186 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Allegiant Travel by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock worth $70,607,000 after purchasing an additional 7,228 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Allegiant Travel by 5.7% during the third quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock worth $41,829,000 after buying an additional 37,205 shares in the last quarter. Finally, Par Capital Management Inc. grew its holdings in shares of Allegiant Travel by 11.1% during the second quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock worth $32,146,000 after buying an additional 58,566 shares in the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Allegiant Travel Price Performance

The stock’s 50-day moving average price is $93.55 and its 200 day moving average price is $79.45. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -32.54, a PEG ratio of 0.19 and a beta of 1.56.

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.