Angel Studios (NYSE:ANGX) Trading Down 6.4% – Should You Sell?

Angel Studios, Inc. (NYSE:ANGX)’s share price fell 6.4% during trading on Wednesday . The stock traded as low as $4.83 and last traded at $4.7750. 145,311 shares were traded 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.

Analyst Ratings Changes

A number of equities research analysts have commented on ANGX shares. B. Riley Financial raised their price objective on Angel Studios from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday. Wall Street Zen upgraded Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised shares of Angel Studios from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.75.

Angel Studios Stock Down 6.0%

The business has a 50-day simple moving average of $4.50 and a 200-day simple moving average of $3.59. The stock has a market cap of $895.51 million, a P/E ratio of -5.17 and a beta of -0.02.

Angel Studios (NYSE:ANGX) last released its earnings results on Tuesday, August 4th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The firm had revenue of $111.71 million for the quarter. On average, analysts predict that Angel Studios, Inc. will post -0.37 earnings per share for the current fiscal year.

Insider Activity at Angel Studios

In related news, insider Jeffrey Harmon acquired 51,380 shares of the stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $4.26 per share, for a total transaction of $218,878.80. Following the purchase, the insider owned 256,404 shares in the company, valued at approximately $1,092,281.04. This trade represents a 25.06% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven I. Sarowitz purchased 88,647 shares of the stock in a transaction on Friday, September 11th. The stock was bought at an average price of $5.33 per share, for a total transaction of $472,488.51. Following the completion of the transaction, the director directly owned 1,329,488 shares of the company’s stock, valued at approximately $7,086,171.04. This trade represents a 7.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 1,219,101 shares of company stock worth $5,560,239 in the last three months. 30.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Angel Studios

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANGX. EverSource Wealth Advisors LLC lifted its position in shares of Angel Studios by 77.0% during the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock worth $27,000 after purchasing an additional 3,793 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in shares of Angel Studios during the second quarter worth $41,000. Whitcomb & Hess Inc. acquired a new position in shares of Angel Studios during the second quarter valued at $49,000. Cetera Investment Advisers lifted its stake in shares of Angel Studios by 124.0% during the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock valued at $77,000 after acquiring an additional 13,915 shares during the period. Finally, AXQ Capital LP bought a new position in Angel Studios in the second quarter valued at about $100,000. Institutional investors and hedge funds own 38.57% of the company’s stock.

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.