UBS Group Cuts Allegiant Travel (NASDAQ:ALGT) Price Target to $90.00

Allegiant Travel (NASDAQ:ALGT) had its price objective trimmed by UBS Group from $102.00 to $90.00 in a report issued on Monday,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

A number of other research firms have also weighed in on ALGT. Zacks Research raised shares of Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Wolfe Research raised shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a research report on Tuesday, January 20th. Morgan Stanley increased their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Raymond James Financial cut shares of Allegiant Travel from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $78.00 to $98.00 in a research report on Friday, December 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Allegiant Travel in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $99.09.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $77.19 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. The stock has a market cap of $1.42 billion, a PE ratio of -30.03, a price-to-earnings-growth ratio of 0.19 and a beta of 1.56. The stock’s fifty day simple moving average is $94.35 and its two-hundred day simple moving average is $78.89. Allegiant Travel has a 1-year low of $39.80 and a 1-year high of $118.00.

Insider Transactions at Allegiant Travel

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of Allegiant Travel stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total value of $98,154.00. Following the sale, the chairman owned 150,000 shares of the company’s stock, valued at approximately $17,100,000. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 300,000 shares of company stock worth $34,350,512 in the last three months. Company insiders own 14.70% of the company’s stock.

Institutional Investors Weigh In On Allegiant Travel

Several large investors have recently modified their holdings of ALGT. Hantz Financial Services Inc. lifted its stake in Allegiant Travel by 442.0% in the third quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 442 shares during the last quarter. Signaturefd LLC increased its position in Allegiant Travel by 27.3% in the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after buying an additional 117 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Allegiant Travel by 28.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock worth $51,000 after buying an additional 205 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Allegiant Travel by 43.7% in the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after buying an additional 373 shares during the period. Finally, AlphaQuest LLC lifted its position in shares of Allegiant Travel by 119.2% during the 3rd quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock valued at $68,000 after buying an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel News Roundup

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

• Positive Sentiment: U.S. antitrust clearance advanced Allegiant’s planned $1.5B deal with Sun Country, removing a major regulatory hurdle and bringing the transaction closer to a 2026 close—this supports future network scale and revenue growth. Allegiant-Sun Country’s $1.5B deal gains US antitrust clearance
• Positive Sentiment: Management raised its Q1 outlook ahead of an investor conference, signaling stronger near-term demand/fares and helping fuel recent upside in the shares. Allegiant Lifts Q1 Outlook Ahead of Investor Conference
• Positive Sentiment: Technical/momentum indicators were upgraded (relative strength rating hit a key threshold), which can attract momentum and institutional flows. Allegiant Travel scores relative strength rating upgrade; hits key threshold
• Positive Sentiment: Coverage pieces highlighting ALGT as a strong growth/momentum stock helped drive investor interest and contributed to a recent ~9% intraday jump. Why Allegiant Travel Company’s (ALGT) Stock Is Up 9.19%
• Neutral Sentiment: Data on short interest in mid‑March shows zeros/increases of “NaN,” which appears to be a reporting glitch rather than a true buildup of short exposure—unlikely to be a driver on its own.
• Neutral Sentiment: Analyst/editorial pieces (e.g., Zacks highlighting growth attributes) reinforce a longer-term bullish case but are incremental versus deal/earnings news. Here’s Why Allegiant Travel (ALGT) is a Strong Growth Stock
• Negative Sentiment: UBS lowered its price target to $90, which can weigh on sentiment and supply selling as investors mark positions to a reduced analyst outlook. UBS Group Lowers Allegiant Travel (NASDAQ:ALGT) Price Target to $90.00

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.