Allegiant Travel (NASDAQ:ALGT) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Allegiant stock passed above its 200-day moving average, trading as high as $89.82 (200‑day MA $81.76) and last at $84.24 on volume ~640,240, a technical move some traders view as bullish.
• Analysts are mixed with a consensus "Hold" and an average price target of $97.91 (five Buys, seven Holds, one Sell), though individual targets range up to $125, indicating varied conviction about upside.
• Notable insider selling amid concentrated ownership: Chairman Maurice Gallagher Jr. sold 175,000 shares at $114.23 (insiders sold 300,000 shares last quarter), while insiders still hold 14.7% and institutions 85.8%; the company shows a negative P/E (-32.78) and a debt/equity of 1.60.

Allegiant Travel Company (NASDAQ:ALGT - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $81.76 and traded as high as $89.82. Allegiant Travel shares last traded at $84.24, with a volume of 640,240 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group increased their price target on Allegiant Travel from $90.00 to $93.00 and gave the stock a "neutral" rating in a report on Monday, March 23rd. Wall Street Zen upgraded Allegiant Travel from a "sell" rating to a "hold" rating in a research note on Sunday, December 28th. Wolfe Research upgraded Allegiant Travel from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective for the company in a research note on Tuesday, January 20th. Evercore upped their price objective on Allegiant Travel from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Finally, Susquehanna reaffirmed a "positive" rating and set a $110.00 price objective on shares of Allegiant Travel in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $97.91.

Allegiant Travel Price Performance

The company has a 50-day moving average of $91.31 and a two-hundred day moving average of $81.76. The stock has a market capitalization of $1.55 billion, a PE ratio of -32.78, a P/E/G ratio of 0.46 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.95 and a quick ratio of 0.92.

Insider Activity at Allegiant Travel

In other news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of the firm's stock in a transaction dated 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 transaction, the chairman directly owned 1,962,348 shares in the company, valued at $224,159,012.04. This trade represents a 8.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 300,000 shares of company stock valued at $34,350,512. Company insiders own 14.70% of the company's stock.

Institutional Investors Weigh In On Allegiant Travel

Hedge funds have recently bought and sold shares of the business. Emerald Advisers LLC grew its position in shares of Allegiant Travel by 23.7% in the 3rd quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company's stock worth $25,992,000 after acquiring an additional 81,987 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Allegiant Travel by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company's stock worth $101,948,000 after buying an additional 66,596 shares in the last quarter. Heartland Advisors Inc. bought a new stake in shares of Allegiant Travel in the 3rd quarter worth $12,747,000. Advisors Asset Management Inc. bought a new stake in shares of Allegiant Travel in the 3rd quarter worth $1,077,000. Finally, Emerald Mutual Fund Advisers Trust raised its stake in shares of Allegiant Travel by 34.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 260,935 shares of the transportation company's stock worth $15,857,000 after buying an additional 67,311 shares in the last quarter. 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.

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