Allegiant Travel (NASDAQ:ALGT) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Allegiant Travel Company (NASDAQ:ALGT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $88.42 and traded as high as $114.02. Allegiant Travel shares last traded at $110.05, with a volume of 922,698 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. Citigroup raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $98.00 to $156.00 in a report on Friday. The Goldman Sachs Group began coverage on shares of Allegiant Travel in a research report on Wednesday, June 17th. They set a “buy” rating and a $125.00 target price on the stock. Finally, UBS Group raised their target price on shares of Allegiant Travel from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.36.

Allegiant Travel Stock Up 5.5%

The company has a market cap of $2.14 billion, a P/E ratio of -58.05, a PEG ratio of 0.58 and a beta of 1.55. The stock has a 50-day moving average of $86.27 and a 200 day moving average of $88.61. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data 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. The firm had revenue of $732.43 million for the quarter, compared to the consensus estimate of $711.01 million. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Research analysts anticipate that Allegiant Travel Company will post 3.72 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of Allegiant Travel by 339.6% in the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 377 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Allegiant Travel by 35.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,942 shares of the transportation company’s stock worth $482,000 after buying an additional 1,560 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Allegiant Travel during the 1st quarter worth $615,000. Entropy Technologies LP acquired a new stake in Allegiant Travel in the first quarter valued at about $461,000. Finally, Renaissance Technologies LLC boosted its stake in Allegiant Travel by 40.9% in the first quarter. Renaissance Technologies LLC now owns 91,000 shares of the transportation company’s stock valued at $7,375,000 after buying an additional 26,400 shares in the last quarter. 85.81% of the stock is 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.