Steven Sarowitz Acquires 88,647 Shares of Angel Studios (NYSE:ANGX) Stock

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz purchased 88,647 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were purchased at an average cost of $5.33 per share, for a total transaction of $472,488.51. Following the purchase, the director directly owned 1,329,488 shares in the company, valued at approximately $7,086,171.04. This represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Angel Studios Stock Performance

Shares of ANGX stock opened at $5.28 on Wednesday. The stock has a market cap of $985.16 million, a PE ratio of -5.67 and a beta of -0.02. Angel Studios, Inc. has a 1 year low of $2.05 and a 1 year high of $18.00. The stock has a fifty day moving average price of $4.38 and a 200 day moving average price of $3.56.

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

Wall Street Analysts Forecast Growth

ANGX has been the topic of several recent research reports. B. Riley Financial restated a “buy” rating and issued a $8.00 price objective (up from $7.00) on shares of Angel Studios in a research report on Tuesday, June 30th. 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, Wall Street Zen upgraded 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 assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Angel Studios presently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 3,793 shares during the period. Hardin Capital Partners LLC lifted 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 valued at $111,000 after acquiring an additional 5,000 shares in the last quarter. OneAscent Financial Services LLC purchased a new stake in shares of Angel Studios in the second quarter worth about $41,000. Whitcomb & Hess Inc. purchased a new position in Angel Studios in the 2nd quarter worth approximately $49,000. Finally, Cetera Investment Advisers grew its holdings 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. 38.57% of the stock is currently owned by hedge funds and other institutional investors.

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.