Angel Studios (NYSE:ANGX) Sees Large Volume Increase After Earnings Beat

Shares of Angel Studios, Inc. (NYSE:ANGX) saw strong trading volume on Wednesday following a better than expected earnings announcement. 1,765,022 shares were traded during trading, an increase of 31% from the average daily volume of 1,342,418 shares. The stock last traded at $4.2340 and had previously closed at $3.74.

The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. The company had revenue of $159.02 million for the quarter.

Angel Studios News Summary

Here’s some of the latest news about ANGX:

• Positive Sentiment: Lake Street Capital reaffirmed its Buy rating and $6 price target on November 9, offering a supportive analyst view ahead of the earnings release. Lake Street Capital rating
• Neutral Sentiment: Recent insider transactions were all purchases, according to the report, but the activity covers the prior six months rather than a new post-earnings trade signal. Quiver Quant insider activity
• Negative Sentiment: Despite sales growth, Angel Studios remained unprofitable, reporting a $10.3 million operating loss and $5.2 million net loss attributable to common shareholders. Cash was $45.6 million against total liabilities of $305.9 million, keeping profitability and balance-sheet risks in focus. Third-quarter results

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ANGX. Wall Street Zen raised shares of Angel Studios from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. 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. Finally, B. Riley Financial upped their price target on shares of Angel Studios from $8.00 to $9.00 and gave the company a “buy” rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.20.

Insider Buying and Selling

In other Angel Studios news, Director Steven Sarowitz purchased 88,647 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average cost of $5.33 per share, with a total value of $472,488.51. Following the purchase, the director owned 1,329,488 shares of the company’s stock, valued at approximately $7,086,171.04. The trade was a 7.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Harmon acquired 51,380 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of $4.26 per share, with a total value of $218,878.80. Following the acquisition, the insider owned 256,404 shares in the company, valued at $1,092,281.04. This trade represents a 25.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 972,948 shares of company stock valued at $4,647,011 over the last three months. 30.10% of the stock is owned by corporate insiders.

Institutional Trading of Angel Studios

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Angel Studios by 77.0% in the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock worth $27,000 after purchasing an additional 3,793 shares during the last quarter. Hardin Capital Partners LLC grew its stake in 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. WealthPlan Investment Management LLC bought a new position in Angel Studios in the 3rd quarter worth about $47,000. OneAscent Financial Services LLC purchased a new position in shares of Angel Studios during the second quarter worth approximately $41,000. Finally, Whitcomb & Hess Inc. purchased a new position in shares of Angel Studios during the second quarter worth approximately $49,000. 38.57% of the stock is owned by hedge funds and other institutional investors.

Angel Studios Price Performance

The stock’s 50-day moving average price is $4.22 and its 200 day moving average price is $3.66. The firm has a market capitalization of $768.52 million, a PE ratio of -4.57 and a beta of 0.02.

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.