Brokerages Set Allegiant Travel (NASDAQ:ALGT) PT at $68.00

Shares of Allegiant Travel (NASDAQ:ALGT) have received a consensus rating of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $69.11.

ALGT has been the topic of a number of research reports. Raymond James boosted their price objective on Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday. Morgan Stanley boosted their price target on shares of Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. TD Cowen raised their price objective on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $83.00 price objective on shares of Allegiant Travel in a research note on Friday, November 15th. Finally, Wolfe Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th.

Insider Activity at Allegiant Travel

In related news, COO Keny Frank Wilper sold 635 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the sale, the chief operating officer now directly owns 16,353 shares of the company’s stock, valued at approximately $1,025,169.57. This represents a 3.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total value of $28,269.50. Following the transaction, the director now directly owns 11,650 shares in the company, valued at approximately $940,970.50. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,304 shares of company stock worth $2,459,900. 15.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Allegiant Travel

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC raised its holdings in shares of Allegiant Travel by 149.2% during the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after acquiring an additional 273 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Allegiant Travel by 136.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock worth $29,000 after purchasing an additional 304 shares during the last quarter. NBC Securities Inc. raised its stake in shares of Allegiant Travel by 2,827.9% during the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock worth $69,000 after purchasing an additional 1,216 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of Allegiant Travel by 170.6% during the 2nd quarter. Headlands Technologies LLC now owns 2,522 shares of the transportation company’s stock valued at $127,000 after buying an additional 1,590 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Allegiant Travel in the 3rd quarter valued at approximately $210,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $91.95 on Friday. The stock’s 50 day moving average price is $79.06 and its 200 day moving average price is $59.16. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -61.30, a PEG ratio of 7.17 and a beta of 1.67. Allegiant Travel has a 12 month low of $36.08 and a 12 month high of $96.93.

Allegiant Travel Company Profile

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.