Allegiant Travel (NASDAQ:ALGT) Stock Price Down 5.5% – Here’s What Happened

Allegiant Travel Company (NASDAQ:ALGT)’s share price was down 5.5% during trading on Thursday . The company traded as low as $102.29 and last traded at $103.67. Approximately 47,679 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 590,469 shares. The stock had previously closed at $109.76.

Allegiant Travel News Summary

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Zacks materially raised full‑year EPS targets: FY2026 EPS raised to $8.05 (from $5.58) and FY2027 to $10.24 (from $8.86); Zacks also published FY2028 at $12.80 — signals a stronger multi‑year earnings outlook that likely underpins today’s positive move. MarketBeat Report
• Positive Sentiment: Several 2026 quarter estimates were increased (Q1 2026 to $3.01 from $1.85, Q2 2026 to $2.44 from $1.94, Q4 2026 to $3.09; Q3 2026 loss narrowed to ($0.49) from ($0.74)) — suggests improving near‑term profitability expectations. MarketBeat Report
• Positive Sentiment: Notable uplift to early 2027 quarters: Q1 2027 jumped to $3.06 (from $1.09) and Q2 2027 to $2.16 — large upward revisions that may drive near‑term investor optimism. MarketBeat Report
• Neutral Sentiment: Zacks kept a “Hold” rating on ALGT despite the mix of upgrades — meaning analysts increased earnings power but didn’t move to a buy/strong buy stance. That tempers the bullish signal. MarketBeat Report
• Neutral Sentiment: Reported short‑interest metrics in the feed show anomalous “0 shares/NaN” values and 0.0 days‑to‑cover — data appears unreliable and shouldn’t be over‑interpreted. MarketBeat Report
• Negative Sentiment: Zacks trimmed some 2027 quarter estimates (Q3 2027 to $2.05 from $2.29; Q4 2027 to $2.97 from $3.60) — quarter‑level downgrades introduce execution risk and add volatility to the path toward the higher full‑year targets. MarketBeat Report

Wall Street Analyst Weigh In

Several brokerages recently commented on ALGT. Barclays increased their price objective on shares of Allegiant Travel from $60.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. Susquehanna restated a “positive” rating and set a $110.00 price target on shares of Allegiant Travel in a research note on Friday, February 6th. Raymond James Financial downgraded shares of Allegiant Travel from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $78.00 to $98.00 in a research note on Friday, December 19th. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Wolfe Research raised Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a research report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $100.18.

Allegiant Travel Price Performance

The firm has a 50-day simple moving average of $93.60 and a two-hundred day simple moving average of $74.73. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -41.88, a P/E/G ratio of 0.24 and a beta of 1.64. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.76.

Insider Transactions at Allegiant Travel

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $114.23, for a total value of $19,990,250.00. Following the sale, the chairman owned 1,962,348 shares in the company, valued at approximately $224,159,012.04. This represents a 8.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 300,000 shares of company stock valued at $34,350,512 over the last three months. Insiders own 14.70% of the company’s stock.

Institutional Trading of Allegiant Travel

A number of hedge funds have recently added to or reduced their stakes in ALGT. Hantz Financial Services Inc. raised its position in shares of Allegiant Travel by 442.0% in the third quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock worth $33,000 after acquiring an additional 442 shares during the period. Signaturefd LLC increased its position in shares of Allegiant Travel by 27.3% in the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after buying an additional 117 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Allegiant Travel by 28.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock valued at $51,000 after buying an additional 205 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after acquiring an additional 373 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in Allegiant Travel by 119.2% during the third quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 609 shares in the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

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.