Allegiant Travel (NASDAQ:ALGT) Shares Gap Down – Should You Sell?

Allegiant Travel Company (NASDAQ:ALGT) shares gapped down before the market opened on Wednesday . The stock had previously closed at $105.09, but opened at $96.30. Allegiant Travel shares last traded at $104.85, with a volume of 78,952 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALGT. The Goldman Sachs Group boosted their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. Melius Research raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Tuesday, July 7th. Barclays started coverage on Allegiant Travel in a report on Wednesday, July 8th. They issued an “overweight” rating and a $145.00 target price for the company. Finally, Morgan Stanley raised their price target on Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Allegiant Travel Price Performance

The firm has a market capitalization of $1.78 billion, a P/E ratio of 68.25, a P/E/G ratio of 0.34 and a beta of 1.53. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. The stock’s fifty day simple moving average is $100.93 and its 200 day simple moving average is $92.51.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.27 by $0.92. Allegiant Travel had a return on equity of 12.76% and a net margin of 0.90%.The firm had revenue of $943.50 million during the quarter, compared to analyst estimates of $982.70 million. During the same quarter in the prior year, the business posted $1.23 EPS. The business’s revenue for the quarter was up 36.8% compared to the same quarter last year. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, equities research analysts predict that Allegiant Travel Company will post 6 EPS for the current year.

Institutional Investors Weigh In On Allegiant Travel

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Allegiant Travel by 0.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after buying an additional 106 shares during the last quarter. Signaturefd LLC grew its holdings in Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after acquiring an additional 117 shares in the last quarter. Silver Oak Securities Incorporated increased its stake in Allegiant Travel by 1.2% in the first quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock valued at $855,000 after purchasing an additional 125 shares during the last quarter. Millennium Management LLC grew its stake in Allegiant Travel by 0.5% during the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock worth $2,341,000 after buying an additional 134 shares during the last quarter. Finally, FourThought Financial Partners LLC increased its position in Allegiant Travel by 4.1% in the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 137 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.