Angel Studios (NYSE:ANGX) Director Purchases $913,227.63 in Stock

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz acquired 246,153 shares of the stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $3.71 per share, with a total value of $913,227.63. Following the transaction, the director directly owned 575,641 shares of the company’s stock, valued at $2,135,628.11. This represents a 74.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Angel Studios Price Performance

Angel Studios stock traded up $0.04 during midday trading on Friday, hitting $4.36. 1,649,818 shares of the stock were exchanged, compared to its average volume of 1,196,881. The company has a 50 day moving average price of $3.70 and a two-hundred day moving average price of $3.37. The firm has a market cap of $811.82 million, a P/E ratio of -4.68 and a beta of -0.02. Angel Studios, Inc. has a 1 year low of $2.05 and a 1 year high of $20.39.

Angel Studios (NYSE:ANGX) last announced 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 business had revenue of $111.71 million for the quarter. As a group, analysts predict that Angel Studios, Inc. will post -0.37 EPS for the current year.

Institutional Investors Weigh In On Angel Studios

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new stake in shares of Angel Studios in the first quarter worth about $273,000. Lazard Asset Management LLC bought a new stake in shares of Angel Studios in the first quarter valued at approximately $174,000. Cetera Investment Advisers grew its position in Angel Studios by 124.0% in the 1st quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock worth $77,000 after purchasing an additional 13,915 shares during the last quarter. Whitcomb & Hess Inc. acquired a new stake in Angel Studios during the second quarter worth about $49,000. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Angel Studios during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 38.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. 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 report on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Angel Studios in a research note on Wednesday, June 24th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Angel Studios has a consensus rating of “Moderate Buy” and an average target price of $8.50.

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.