Angel Studios (NYSE:ANGX) Director Steven Sarowitz Purchases 57,922 Shares of Stock

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz purchased 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, with a total value of $246,747.72. Following the purchase, the director owned 741,225 shares of the company’s stock, valued at approximately $3,157,618.50. This represents a 8.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Angel Studios Price Performance

Shares of NYSE ANGX traded up $0.34 during midday trading on Monday, reaching $4.71. 2,614,310 shares of the company traded hands, compared to its average volume of 1,206,415. The company has a market cap of $879.64 million, a price-to-earnings ratio of -5.06 and a beta of -0.02. The stock has a 50-day moving average price of $3.73 and a 200 day moving average price of $3.38. Angel Studios, Inc. has a 52 week low of $2.05 and a 52 week high of $20.39.

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, beating analysts’ consensus estimates of ($0.15) by $0.02. The company had revenue of $111.71 million during the quarter. As a group, analysts expect that Angel Studios, Inc. will post -0.37 EPS for the current year.

Hedge Funds Weigh In On Angel Studios

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position 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 in the last quarter. OneAscent Financial Services LLC purchased a new position in Angel Studios during the second quarter valued at approximately $41,000. Whitcomb & Hess Inc. acquired a new position in Angel Studios in the 2nd quarter valued at approximately $49,000. Cetera Investment Advisers increased its stake in 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 buying an additional 13,915 shares during the period. Finally, Hardin Capital Partners LLC lifted its position 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 buying an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 38.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ANGX shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Angel Studios in a research note on Wednesday, June 24th. B. Riley Financial reaffirmed a “buy” rating and set a $8.00 target price (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. 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 investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Angel Studios currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

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.