Angel Studios, Inc. (NYSE:ANGX – Get Free Report) was down 6.4% during mid-day trading on Wednesday. The stock traded as low as $4.83 and last traded at $4.7750. 145,311 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 1,294,221 shares. The stock had previously closed at $5.10.
Analysts Set New Price Targets
ANGX has been the topic of a number of recent analyst reports. B. Riley Financial upped their price target on Angel Studios from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Wall Street Zen upgraded Angel Studios from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised Angel Studios from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.75.
View Our Latest Report on ANGX
Angel Studios Stock Up 0.1%
Angel Studios (NYSE:ANGX – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The firm had revenue of $111.71 million during the quarter. As a group, analysts expect that Angel Studios, Inc. will post -0.37 earnings per share for the current year.
Insider Transactions at Angel Studios
In other news, insider Jeffrey Harmon bought 51,380 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average price of $4.26 per share, for a total transaction of $218,878.80. Following the completion of the transaction, the insider directly owned 256,404 shares in the company, valued at approximately $1,092,281.04. This represents a 25.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven Sarowitz purchased 88,647 shares of Angel Studios stock in a transaction on Friday, September 11th. The shares were acquired at an average cost of $5.33 per share, with a total value of $472,488.51. Following the completion of the transaction, the director directly owned 1,329,488 shares in the company, valued at $7,086,171.04. The trade was a 7.14% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 1,219,101 shares of company stock valued at $5,560,239 in the last ninety days. Corporate insiders own 30.10% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AXQ Capital LP acquired a new stake in Angel Studios during the 2nd quarter worth about $100,000. AWM Investment Company Inc. purchased a new stake in shares of Angel Studios in the second quarter worth about $1,682,000. OneAscent Financial Services LLC purchased a new stake in shares of Angel Studios in the second quarter worth about $41,000. Whitcomb & Hess Inc. acquired a new stake in Angel Studios during the second quarter worth about $49,000. Finally, Hardin Capital Partners LLC raised its position in Angel Studios by 19.8% during the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company’s stock valued at $111,000 after acquiring an additional 5,000 shares in the last quarter. 38.57% of the stock is currently owned by institutional investors and hedge funds.
Angel Studios Company Profile
Angel Studios, Inc is a media and entertainment company that develops, produces, distributes and licenses film and television content. The company uses a community-driven model through the Angel Guild, whose members help guide content decisions, and focuses on stories intended to “amplify light.” Angel Studios generates revenue from Guild memberships, theatrical releases, content licensing, merchandise, and its Pay It Forward model.
Angel Studios became publicly traded on the New York Stock Exchange under the ticker symbol ANGX in September 2025 following its business combination with Southport Acquisition Corporation, a special purpose acquisition company.
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