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

Angel Studios, Inc. (NYSE:ANGX) insider Jeffrey Harmon bought 178,700 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $4.08 per share, for a total transaction of $729,096.00. Following the transaction, the insider owned 205,024 shares in the company, valued at $836,497.92. This represents a 678.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, August 14th, Jeffrey Harmon bought 51,380 shares of Angel Studios stock. The stock was acquired at an average price of $4.26 per share, with a total value of $218,878.80.

Angel Studios Stock Performance

Shares of ANGX opened at $4.71 on Tuesday. Angel Studios, Inc. has a 52-week low of $2.05 and a 52-week high of $20.39. The business’s 50 day moving average price is $3.77 and its two-hundred day moving average price is $3.38. The firm has a market cap of $879.64 million, a PE ratio of -5.06 and a beta of -0.02.

Angel Studios (NYSE:ANGX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $111.71 million for the quarter. Research analysts predict that Angel Studios, Inc. will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Angel Studios

A number of institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. bought a new position in shares of Angel Studios in the 2nd quarter worth $1,682,000. Cetera Investment Advisers increased its stake in 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. OneAscent Financial Services LLC bought a new stake in Angel Studios during the 2nd quarter valued at $41,000. Renaissance Technologies LLC acquired a new position in Angel Studios during the first quarter worth $273,000. Finally, 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 worth $27,000 after buying an additional 3,793 shares during the last quarter. 38.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ANGX shares. Wall Street Zen raised shares of Angel Studios from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. B. Riley Financial reiterated a “buy” rating and set a $8.00 price objective (up from $7.00) on shares of Angel Studios in a report on Tuesday, June 30th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Angel Studios in a research report on Wednesday, June 24th. 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.