Allegiant Travel Company (ALGT) Receives a Hold from Citi

Citi analyst John Godyn maintained a Hold rating on Allegiant Travel Company today and set a price target of $98.00.

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According to TipRanks, Godyn is an analyst with an average return of -3.0% and a 37.97% success rate. Godyn covers the Industrials sector, focusing on stocks such as Allegiant Travel Company, Delta Air Lines, and JetBlue Airways.

In addition to Citi, Allegiant Travel Company also received a Hold from TipRanks – xAI’s xAi Airlines Airports and Air Services in a report issued on March 18. However, on March 16, TipRanks – Google reiterated a Buy rating on Allegiant Travel Company (NASDAQ: ALGT).

Based on Allegiant Travel Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $656.19 million and a net profit of $31.94 million. In comparison, last year the company earned a revenue of $627.71 million and had a GAAP net loss of $216.23 million

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALGT in relation to earlier this year. Last month, Maurice Gallagher, the EC of ALGT sold 300,000.00 shares for a total of $34,350,194.32.