Insider Buying: Angel Studios (NYSE:ANGX) Director Acquires 57,922 Shares

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz bought 57,922 shares of the company’s stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $4.26 per share, for a total transaction 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. The trade was a 8.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Angel Studios Stock Performance

Shares of Angel Studios stock traded up $0.34 during trading on Monday, hitting $4.71. 2,614,310 shares of the stock traded hands, compared to its average volume of 1,206,415. The stock has a market cap of $879.64 million, a P/E ratio of -5.06 and a beta of -0.02. The company has a fifty day moving average price of $3.73 and a two-hundred day moving average price of $3.38. Angel Studios, Inc. has a twelve month low of $2.05 and a twelve month high of $20.39.

Angel Studios (NYSE:ANGX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) 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. On average, equities research analysts expect that Angel Studios, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers increased its stake in shares of Angel Studios by 124.0% in the first 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 period. Renaissance Technologies LLC bought a new stake in Angel Studios during the 1st quarter valued at approximately $273,000. Lazard Asset Management LLC acquired a new stake in Angel Studios in the 1st quarter valued at approximately $174,000. EverSource Wealth Advisors LLC increased its position in Angel Studios by 77.0% in 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 during the period. Finally, Hardin Capital Partners LLC lifted its holdings in shares of Angel Studios by 19.8% during the second 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 during the last quarter. 38.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ANGX has been the topic of a number of recent research reports. B. Riley Financial restated a “buy” rating and set a $8.00 price target (up from $7.00) on shares of Angel Studios in a report on Tuesday, June 30th. Wall Street Zen upgraded shares of Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Angel Studios in a research 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.50.

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.