Angel Studios (NYSE:ANGX) Trading Down 4.8% – Here’s What Happened

Angel Studios, Inc. (NYSE:ANGX) shares were down 4.8% during mid-day trading on Thursday . The stock traded as low as $5.08 and last traded at $5.0460. 170,459 shares were traded during trading, a decline of 86% from the average daily volume of 1,248,266 shares. The stock had previously closed at $5.30.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ANGX shares. Weiss Ratings raised shares of Angel Studios from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. B. Riley Financial reaffirmed 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, Wall Street Zen upgraded Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Angel Studios has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Angel Studios Stock Performance

The business’s fifty day simple moving average is $4.41 and its 200 day simple moving average is $3.57. The stock has a market cap of $910.46 million, a price-to-earnings ratio of -5.28 and a beta of -0.02.

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 forecast that Angel Studios, Inc. will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Angel Studios news, insider Jeffrey Harmon bought 51,380 shares of Angel Studios stock in a transaction dated Friday, August 14th. The stock was 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 $1,092,281.04. This represents a 25.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven I. Sarowitz purchased 88,647 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of $5.33 per share, with a total value of $472,488.51. Following the transaction, the director directly owned 1,329,488 shares of the company’s stock, valued at approximately $7,086,171.04. This represents a 7.14% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 1,219,101 shares of company stock valued at $5,560,239. 30.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AXQ Capital LP acquired a new stake in shares of Angel Studios in the 2nd quarter valued at about $100,000. AWM Investment Company Inc. acquired a new stake in Angel Studios during the second quarter valued at approximately $1,682,000. OneAscent Financial Services LLC bought a new position in Angel Studios during the 2nd quarter worth approximately $41,000. Whitcomb & Hess Inc. bought a new position in Angel Studios during the 2nd quarter worth approximately $49,000. Finally, Hardin Capital Partners LLC grew its position in shares of Angel Studios by 19.8% in the 2nd 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 in the last quarter. 38.57% of the stock is 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.