Allegiant Travel (NASDAQ:ALGT) Shares Gap Up – Here’s Why

Allegiant Travel Company (NASDAQ:ALGT) gapped up prior to trading on Tuesday . The stock had previously closed at $81.63, but opened at $85.46. Allegiant Travel shares last traded at $82.10, with a volume of 31,391 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Barclays began coverage on Allegiant Travel in a report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 price target for the company. Weiss Ratings upgraded shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group increased their price target on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, UBS Group lifted their price objective on Allegiant Travel from $103.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.38.

Allegiant Travel Stock Performance

The firm has a market capitalization of $2.22 billion, a P/E ratio of 58.01, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83. The stock has a 50-day moving average of $100.37 and a 200 day moving average of $92.11.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.92. The firm had revenue of $943.49 million during the quarter, compared to analysts’ expectations of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. Allegiant Travel’s revenue 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 anticipate that Allegiant Travel Company will post 6.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALGT. Price T Rowe Associates Inc. MD lifted its stake in 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 valued at $1,694,000 after acquiring an additional 106 shares in the last quarter. Silver Oak Securities Incorporated lifted 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 buying an additional 125 shares during the last quarter. Millennium Management LLC lifted its stake in shares of 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. FourThought Financial Partners LLC boosted its holdings in shares of Allegiant Travel by 4.1% during 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 during the period. Finally, Global Retirement Partners LLC bought a new stake in shares of Allegiant Travel during the second quarter worth approximately $26,000. 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.