Angel Studios (NYSE:ANGX) Trading Up 8.6% – Here’s What Happened

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

Analysts Set New Price Targets

A number of research analysts recently commented on ANGX shares. B. Riley Financial restated a “buy” rating and set a $8.00 price objective (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. Weiss Ratings upgraded Angel Studios from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen raised shares of Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Angel Studios has an average rating of “Moderate Buy” and a consensus target price of $8.50.

Angel Studios Stock Up 8.0%

The company has a market cap of $923.53 million, a P/E ratio of -5.31 and a beta of -0.02. The company has a 50 day moving average price of $4.19 and a 200-day moving average price of $3.48.

Angel Studios (NYSE:ANGX) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.02. The company had revenue of $111.71 million during the quarter. On average, research analysts expect that Angel Studios, Inc. will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Steven Sarowitz acquired 57,922 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $4.26 per share, for a total transaction of $246,747.72. Following the completion of the acquisition, the director directly owned 741,225 shares of the company’s stock, valued at approximately $3,157,618.50. The trade was a 8.48% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey Harmon bought 51,380 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost of $4.26 per share, for a total transaction of $218,878.80. Following the acquisition, the insider owned 256,404 shares of the company’s stock, valued at $1,092,281.04. This represents a 25.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 641,817 shares of company stock valued at $2,551,518. Company insiders own 30.10% of the company’s stock.

Institutional Trading of Angel Studios

Several institutional investors have recently modified their holdings of ANGX. EverSource Wealth Advisors LLC grew 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 worth $27,000 after acquiring an additional 3,793 shares during the period. OneAscent Financial Services LLC acquired a new stake in Angel Studios in the 2nd quarter valued at about $41,000. Whitcomb & Hess Inc. bought a new position in shares of Angel Studios during the 2nd quarter valued at about $49,000. Cetera Investment Advisers boosted its position in shares of Angel Studios by 124.0% during the 1st quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock valued at $77,000 after purchasing an additional 13,915 shares in the last quarter. Finally, AXQ Capital LP acquired a new position in shares of Angel Studios in the 2nd quarter worth approximately $100,000. Institutional investors and hedge funds own 38.57% of the company’s stock.

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.