Allegiant Travel (NASDAQ:ALGT) Shares Up 6.9% – Time to Buy?

Allegiant Travel Company (NASDAQ:ALGT) shot up 6.9% on Thursday . The company traded as high as $80.74 and last traded at $80.38. 68,205 shares changed hands during trading, a decline of 87% from the average session volume of 538,931 shares. The stock had previously closed at $75.21.

Trending Headlines about Allegiant Travel

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

• Positive Sentiment: Zacks Research raised its earnings outlook for several later periods, including Q3 2027, Q4 2027, FY2027, and FY2028, suggesting a stronger long-term earnings trajectory for Allegiant Travel. MarketBeat ALGT report
• Positive Sentiment: The company completed its acquisition of Sun Country Airlines, a strategic move that could expand Allegiant’s leisure-focused network and long-term scale. Article about acquisition
• Neutral Sentiment: Analyst sentiment remains cautious overall, with Zacks maintaining a Hold rating on ALGT despite some higher estimates for out-years.
• Negative Sentiment: Zacks Research sharply cut near-term earnings estimates, including Q2 2026 to a loss of $1.00 per share and Q3 2026 to a loss of $1.85 per share, which likely pressured the stock. MarketBeat ALGT report
• Negative Sentiment: The firm also lowered FY2026 earnings to $3.56 per share from $8.18 and trimmed multiple quarterly forecasts, signaling weaker profitability in the near term. MarketBeat ALGT report
• Negative Sentiment: Additional overhangs include insider selling over the past six months and a CEO pay increase disclosed in a recent filing, both of which may add to investor caution. MarketBeat ALGT report

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALGT. UBS Group lifted their price objective on Allegiant Travel from $90.00 to $93.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. Susquehanna reaffirmed a “positive” rating and set a $110.00 price objective on shares of Allegiant Travel in a report on Friday, February 6th. Zacks Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Wolfe Research raised Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a report on Tuesday, January 20th. Finally, Evercore lifted their price objective on Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.70.

Allegiant Travel Stock Down 6.8%

The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -37.45, a P/E/G ratio of 0.36 and a beta of 1.50. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52. The firm has a fifty day moving average price of $81.26 and a 200 day moving average price of $84.12.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping the consensus estimate of $3.40 by $0.37. The business 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%.Allegiant Travel’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Sell-side analysts anticipate that Allegiant Travel Company will post 4.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Allegiant Travel during the 1st quarter worth $615,000. Entropy Technologies LP acquired a new position in Allegiant Travel during the 1st quarter worth $461,000. Renaissance Technologies LLC lifted its holdings in Allegiant Travel by 40.9% during the 1st quarter. Renaissance Technologies LLC now owns 91,000 shares of the transportation company’s stock worth $7,375,000 after buying an additional 26,400 shares in the last quarter. Sei Investments Co. lifted its holdings in Allegiant Travel by 9.2% during the 1st quarter. Sei Investments Co. now owns 12,852 shares of the transportation company’s stock worth $1,041,000 after buying an additional 1,078 shares in the last quarter. Finally, Parallel Advisors LLC lifted 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 buying an additional 377 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

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.