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

Allegiant Travel Company (NASDAQ:ALGT) shares gapped down before the market opened on Thursday. The stock had previously closed at $72.34, but opened at $67.02. Allegiant Travel shares last traded at $68.1250, with a volume of 19,378 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ALGT shares. Bank of America upped their price target on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 15th. Susquehanna dropped their price target on Allegiant Travel from $110.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Morgan Stanley boosted their price objective on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Finally, Weiss Ratings raised shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Allegiant Travel has a consensus rating of “Moderate Buy” and a consensus price target of $123.38.

Allegiant Travel Trading Up 3.3%

The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 49.04, a price-to-earnings-growth ratio of 0.24 and a beta of 1.55. The business has a 50 day moving average of $79.28 and a 200 day moving average of $87.48. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.92. The firm had revenue of $943.49 million during the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The firm’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, research analysts forecast that Allegiant Travel Company will post 5.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ALGT. Silver Oak Securities Incorporated grew its position in shares of 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 period. Farther Finance Advisors LLC lifted its position in Allegiant Travel by 40.4% during the third quarter. Farther Finance Advisors LLC now owns 584 shares of the transportation company’s stock worth $44,000 after buying an additional 168 shares during the period. Global Retirement Partners LLC purchased a new stake in Allegiant Travel in the 2nd quarter valued at about $26,000. Allworth Financial LP purchased a new stake in Allegiant Travel in the 2nd quarter valued at about $26,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Allegiant Travel in the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Company Profile

Allegiant Travel Company is a leisure-focused travel company headquartered in Las Vegas, Nevada, and the parent company of Allegiant Air. Founded in 1997, Allegiant Air operates a low-cost, scheduled airline model designed to connect travelers in smaller and midsize U.S. cities with popular vacation destinations.

Allegiant Air provides passenger air transportation primarily within the United States, serving destinations such as Florida, Arizona, Nevada, California and other leisure markets.