Angel Studios, Inc. (NYSE:ANGX – Get Free Report) Director Steven Sarowitz bought 57,922 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $4.26 per share, with a total value of $246,747.72. Following the completion of the transaction, the director owned 741,225 shares in the company, valued at approximately $3,157,618.50. This trade represents a 8.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Angel Studios Stock Up 3.1%
NYSE:ANGX opened at $4.86 on Wednesday. The stock’s 50 day moving average price is $3.81 and its 200 day moving average price is $3.38. The company has a market capitalization of $907.28 million, a PE ratio of -5.22 and a beta of -0.02. Angel Studios, Inc. has a 52-week low of $2.05 and a 52-week high of $20.39.
Angel Studios (NYSE:ANGX – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The firm had revenue of $111.71 million for the quarter. As a group, sell-side analysts anticipate that Angel Studios, Inc. will post -0.37 EPS for the current fiscal year.
Angel Studios News Roundup
- Positive Sentiment: Insider Jeffrey Harmon purchased 51,380 shares at an average price of $4.26, increasing his ownership by 25.06%. Combined with a 178,700-share purchase the previous day, Harmon bought approximately $948,000 worth of stock. Angel Studios Insider Jeffrey Harmon Acquires 51,380 Shares
- Positive Sentiment: Director Steven I. Sarowitz also acquired 57,922 shares at $4.26 per share, increasing his position by 8.48%. The purchases may signal that company insiders view ANGX as undervalued after its recent decline from its 52-week high. Angel Studios Director Steven I. Sarowitz Acquires Shares
- Positive Sentiment: Angel Studios recently reported quarterly revenue of $111.71 million and a loss of $0.13 per share, beating the consensus loss estimate of $0.15. Analysts expect a full-year loss of approximately $0.37 per share, so profitability remains a key issue, but the earnings beat provides a modest positive signal.
- Positive Sentiment: Institutional ownership is about 38.57%, with several investment firms increasing their positions or initiating new stakes during the first and second quarters. This suggests some professional-investor interest in the company.
- Neutral Sentiment: Analyst sentiment is mixed but leans positive: ANGX has a “Moderate Buy” consensus rating and an average price target of $8.50, while ratings range from Strong Buy to Sell. B. Riley raised its target to $8 from $7, but other analysts remain cautious.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ANGX. B. Riley Financial reiterated a “buy” rating and set a $8.00 price target (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. Wall Street Zen upgraded shares of Angel Studios from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Angel Studios in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $8.50.
Read Our Latest Research Report on ANGX
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. AWM Investment Company Inc. acquired a new stake in Angel Studios in the second quarter valued at about $1,682,000. OneAscent Financial Services LLC acquired a new position in Angel Studios during the 2nd quarter worth approximately $41,000. Whitcomb & Hess Inc. acquired a new position in Angel Studios during the 2nd quarter worth approximately $49,000. Hardin Capital Partners LLC raised its stake in shares of Angel Studios by 19.8% during the 2nd quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company’s stock worth $111,000 after buying an additional 5,000 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Angel Studios by 77.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock worth $27,000 after buying an additional 3,793 shares in the last quarter. 38.57% of the stock is currently owned by institutional investors and hedge funds.
About Angel Studios
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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