Jeffrey Harmon Purchases 178,700 Shares of Angel Studios (NYSE:ANGX) Stock

Angel Studios, Inc. (NYSE:ANGX) insider Jeffrey Harmon purchased 178,700 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $4.08 per share, with a total value of $729,096.00. Following the purchase, the insider directly owned 205,024 shares of the company’s stock, valued at approximately $836,497.92. The trade was a 678.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Harmon also recently made the following trade(s):

• On Friday, August 14th, Jeffrey Harmon purchased 51,380 shares of Angel Studios stock. The shares were acquired at an average cost of $4.26 per share, for a total transaction of $218,878.80.

Angel Studios Stock Up 3.1%

Shares of NYSE ANGX opened at $4.86 on Wednesday. Angel Studios, Inc. has a 52-week low of $2.05 and a 52-week high of $20.39. The firm’s 50-day moving average price is $3.81 and its 200-day moving average price is $3.38. The company has a market cap of $907.28 million, a PE ratio of -5.22 and a beta of -0.02.

Angel Studios (NYSE:ANGX) last posted its earnings results on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The company had revenue of $111.71 million during the quarter. As a group, equities research analysts anticipate that Angel Studios, Inc. will post -0.37 EPS for the current fiscal year.

More Angel Studios News

Here are the key news stories impacting Angel Studios this week:

• Positive Sentiment: Insider Jeffrey Harmon purchased 51,380 shares at an average price of $4.26, increasing his ownership by 25.06%. Combined with a 178,700-share purchase the previous day, Harmon bought approximately $948,000 worth of stock. Angel Studios Insider Jeffrey Harmon Acquires 51,380 Shares
• Positive Sentiment: Director Steven I. Sarowitz also acquired 57,922 shares at $4.26 per share, increasing his position by 8.48%. The purchases may signal that company insiders view ANGX as undervalued after its recent decline from its 52-week high. Angel Studios Director Steven I. Sarowitz Acquires Shares
• Positive Sentiment: Angel Studios recently reported quarterly revenue of $111.71 million and a loss of $0.13 per share, beating the consensus loss estimate of $0.15. Analysts expect a full-year loss of approximately $0.37 per share, so profitability remains a key issue, but the earnings beat provides a modest positive signal.
• Positive Sentiment: Institutional ownership is about 38.57%, with several investment firms increasing their positions or initiating new stakes during the first and second quarters. This suggests some professional-investor interest in the company.
• Neutral Sentiment: Analyst sentiment is mixed but leans positive: ANGX has a “Moderate Buy” consensus rating and an average price target of $8.50, while ratings range from Strong Buy to Sell. B. Riley raised its target to $8 from $7, but other analysts remain cautious.

Institutional Trading of Angel Studios

Several institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Angel Studios by 77.0% during the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock valued at $27,000 after acquiring an additional 3,793 shares during the period. Hardin Capital Partners LLC raised its holdings in shares of Angel Studios by 19.8% during 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. OneAscent Financial Services LLC purchased a new stake in Angel Studios during the second quarter valued at $41,000. Whitcomb & Hess Inc. purchased a new stake in shares of Angel Studios during the 2nd quarter valued at about $49,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Angel Studios by 124.0% in the 1st 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 last quarter. 38.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. B. Riley Financial reissued a “buy” rating and issued a $8.00 target price (up from $7.00) on shares of Angel Studios in a report on Tuesday, June 30th. Wall Street Zen raised shares of Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Angel Studios in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

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.