Angel Studios (NYSE:ANGX) Shares Up 8.6% – Time to Buy?

Shares of Angel Studios, Inc. (NYSE:ANGX) rose 8.6% during mid-day trading on Tuesday . The company traded as high as $4.71 and last traded at $4.9750. Approximately 288,884 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,202,479 shares. The stock had previously closed at $4.58.

Wall Street Analysts Forecast Growth

ANGX has been the subject of several research analyst reports. B. Riley Financial reaffirmed a “buy” rating and set a $8.00 target price (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. Wall Street Zen raised Angel Studios from a “sell” rating to a “hold” rating in a research 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 investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.50.

Angel Studios Stock Up 1.7%

The company has a market cap of $923.53 million, a PE ratio of -5.32 and a beta of -0.02. The firm has a 50 day simple moving average of $4.24 and a 200-day simple moving average of $3.50.

Angel Studios (NYSE:ANGX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. The business had revenue of $111.71 million for the quarter. As a group, equities analysts anticipate that Angel Studios, Inc. will post -0.37 EPS for the current year.

Insider Transactions at Angel Studios

In other Angel Studios news, insider Jeffrey Harmon purchased 51,380 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $4.26 per share, for a total transaction of $218,878.80. Following the acquisition, the insider owned 256,404 shares in the company, valued at $1,092,281.04. This represents a 25.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven Sarowitz acquired 57,922 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were acquired at an average price of $4.26 per share, with a total value of $246,747.72. Following the completion of the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 641,817 shares of company stock valued at $2,551,518 in the last ninety days. Corporate insiders own 30.10% of the company’s stock.

Institutional Investors Weigh In On Angel Studios

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings 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 acquiring an additional 13,915 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Angel Studios in the 1st quarter valued at $273,000. Lazard Asset Management LLC purchased a new position in Angel Studios during the first quarter worth about $174,000. EverSource Wealth Advisors LLC increased its holdings 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 during the last quarter. Finally, Hardin Capital Partners LLC grew its position in Angel Studios by 19.8% in the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company’s stock worth $111,000 after acquiring an additional 5,000 shares during the period. 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.