Allegiant Travel (NASDAQ:ALGT) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Allegiant Travel Company (NASDAQ:ALGT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

ALGT has been the topic of several research reports. The Goldman Sachs Group assumed coverage on Allegiant Travel in a report on Wednesday, June 17th. They set a “buy” rating and a $125.00 price target on the stock. Bank of America raised their price objective on shares of Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Citigroup cut their target price on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a report on Friday, May 29th. Finally, UBS Group upped their price target on shares of Allegiant Travel from $93.00 to $103.00 and gave the company a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $106.09.

Allegiant Travel Price Performance

The company has a fifty day simple moving average of $85.71 and a 200 day simple moving average of $88.42. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -55.02, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91.

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

Institutional Trading of Allegiant Travel

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in Allegiant Travel by 339.6% during the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after purchasing an additional 377 shares during the last quarter. Signaturefd LLC boosted 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 valued at $47,000 after purchasing an additional 117 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Allegiant Travel in the 3rd quarter valued at $69,000. NewEdge Advisors LLC increased its position in shares of Allegiant Travel by 43.7% during the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after buying an additional 373 shares during the period. Finally, MidFirst Bank acquired a new stake in shares of Allegiant Travel during the fourth quarter worth $114,000. Institutional investors and hedge funds 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.