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

Key Points

• Technical: ALGT crossed above its 200‑day moving average ($80.08) and traded as high as $82.41 (last $81.04), though it remains below the 50‑day MA of $92.79.
• Analyst outlook: Several firms have raised ratings and price targets (e.g., Deutsche Bank to Buy $105, Morgan Stanley to $100, BofA to $95), but the consensus is still a Hold with a $97.91 target.
• Insider activity: Chairman Maurice J. Gallagher Jr. sold 175,000 shares at about $114.23 (~$19.99M), part of 300,000 shares insiders sold last quarter, while insiders continue to own 14.70% of the company.

Allegiant Travel Company (NASDAQ:ALGT - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $80.08 and traded as high as $82.41. Allegiant Travel shares last traded at $81.04, with a volume of 422,989 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen upgraded Allegiant Travel from a "sell" rating to a "hold" rating in a research report on Sunday, December 28th. Deutsche Bank Aktiengesellschaft upgraded Allegiant Travel from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a report on Friday, December 12th. Morgan Stanley upped their target price on Allegiant Travel from $85.00 to $100.00 and gave the company an "equal weight" rating in a report on Thursday, February 5th. Bank of America raised shares of Allegiant Travel from an "underperform" rating to a "neutral" rating and upped their price target for the company from $55.00 to $95.00 in a report on Tuesday, January 6th. Finally, Barclays increased their price target 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. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $97.91.

Allegiant Travel Stock Performance

The company's fifty day moving average price is $92.79 and its two-hundred day moving average price is $80.08. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.95. The firm has a market capitalization of $1.50 billion, a PE ratio of -31.53, a price-to-earnings-growth ratio of 0.18 and a beta of 1.56.

Insider Buying and Selling at Allegiant Travel

In other news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of the business's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $114.23, for a total transaction of $19,990,250.00. Following the completion of the sale, the chairman owned 1,962,348 shares in the company, valued at approximately $224,159,012.04. The trade was a 8.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 300,000 shares of company stock valued at $34,350,512. Insiders own 14.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Allegiant Travel by 4.1% in the third quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company's stock valued at $101,948,000 after purchasing an additional 66,596 shares during the period. Donald Smith & CO. Inc. raised its holdings in Allegiant Travel by 11.6% in the second quarter. Donald Smith & CO. Inc. now owns 1,506,633 shares of the transportation company's stock valued at $82,789,000 after acquiring an additional 156,186 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Allegiant Travel by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company's stock valued at $70,607,000 after acquiring an additional 7,228 shares during the last quarter. American Century Companies Inc. boosted its stake in Allegiant Travel by 5.7% during the 3rd quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company's stock valued at $41,829,000 after acquiring an additional 37,205 shares during the last quarter. Finally, Par Capital Management Inc. grew its holdings in Allegiant Travel by 11.1% during the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company's stock worth $32,146,000 after acquiring an additional 58,566 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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