Allegiant Travel (NASDAQ:ALGT) Stock Price Up 7.9% – What’s Next?

Allegiant Travel Company (NASDAQ:ALGT) shares shot up 7.9% during trading on Friday . The stock traded as high as $92.69 and last traded at $92.8670. 232,128 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 558,718 shares. The stock had previously closed at $86.04.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALGT. UBS Group lifted their target price on Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Bank of America lifted their target price on Allegiant Travel from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Citigroup decreased their target price 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. Finally, Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $103.20.

Allegiant Travel Stock Up 6.6%

The firm has a 50 day simple moving average of $82.53 and a two-hundred day simple moving average of $86.75. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market cap of $1.69 billion, a P/E ratio of -45.84, a P/E/G ratio of 0.40 and a beta of 1.55.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 positive return on equity of 10.07% and a negative net margin of 1.30%.The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Equities research analysts predict that Allegiant Travel Company will post 3.89 earnings per share for the current year.

Institutional Trading of Allegiant Travel

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Allegiant Travel by 0.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock worth $1,694,000 after buying an additional 106 shares in the last quarter. Signaturefd LLC raised its stake in shares of Allegiant Travel by 27.3% in the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after buying an additional 117 shares in the last quarter. Silver Oak Securities Incorporated raised its stake in shares of Allegiant Travel by 1.2% in the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock worth $855,000 after buying an additional 125 shares in the last quarter. Millennium Management LLC raised its stake in shares of Allegiant Travel by 0.5% in 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 in the last quarter. Finally, FourThought Financial Partners LLC raised its stake in shares of Allegiant Travel by 4.1% in the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock worth $295,000 after buying an additional 137 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

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.