Angel Studios (NYSE:ANGX) Trading Up 11.9% – Time to Buy?

Shares of Angel Studios, Inc. (NYSE:ANGX) rose 11.9% on Thursday . The company traded as high as $2.95 and last traded at $2.9870. Approximately 609,656 shares traded hands during trading, a decline of 45% from the average daily volume of 1,116,813 shares. The stock had previously closed at $2.67.

Wall Street Analyst Weigh In

ANGX has been the topic of a number of recent research reports. Wall Street Zen raised Angel Studios from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. B. Riley Financial assumed coverage on shares of Angel Studios in a research note on Wednesday, February 25th. They issued a “buy” rating and a $7.00 target price on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Angel Studios in a research note on Friday, March 27th. Finally, Texas Capital raised shares of Angel Studios to a “strong-buy” rating in a research note on Tuesday, February 24th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, Angel Studios has an average rating of “Moderate Buy” and an average price target of $8.25.

Angel Studios Price Performance

The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $569.48 million, a PE ratio of -4.06 and a beta of 0.05. The business has a 50 day moving average price of $2.77.

Angel Studios (NYSE:ANGX) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The firm had revenue of $115.11 million for the quarter. On average, research analysts anticipate that Angel Studios, Inc. will post -0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven I. Sarowitz acquired 321,544 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were purchased at an average cost of $3.06 per share, with a total value of $983,924.64. Following the completion of the purchase, the director owned 326,840 shares of the company’s stock, valued at $1,000,130.40. This represents a 6,071.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 30.10% of the company’s stock.

Institutional Trading of Angel Studios

Several large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in 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 buying an additional 3,793 shares during the last quarter. Cetera Investment Advisers lifted its position 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 worth $77,000 after purchasing an additional 13,915 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Angel Studios during the first quarter worth approximately $174,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Angel Studios during the first quarter worth approximately $273,000. 38.57% of the stock is owned by institutional investors.

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.