Angel Studios (NYSE:ANGX) Price Target Raised to $9.00

Angel Studios (NYSE:ANGX) had its price objective upped by B. Riley Financial from $8.00 to $9.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley Financial’s price objective suggests a potential upside of 83.86% from the stock’s previous close.

ANGX has been the topic of several other research reports. Wall Street Zen raised Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Angel Studios from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.75.

Angel Studios Stock Performance

Shares of ANGX opened at $4.89 on Friday. The stock has a market capitalization of $914.17 million, a price-to-earnings ratio of -5.26 and a beta of -0.02. Angel Studios has a 52-week low of $2.05 and a 52-week high of $9.85. The stock’s 50-day simple moving average is $4.43 and its 200 day simple moving average is $3.57.

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

Insiders Place Their Bets

In other Angel Studios news, Director Steven Sarowitz bought 88,647 shares of Angel Studios stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average price of $5.33 per share, with a total value of $472,488.51. Following the acquisition, the director owned 1,329,488 shares in the company, valued at approximately $7,086,171.04. This trade 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. Also, insider Jeffrey Harmon bought 51,380 shares of Angel Studios stock in a transaction that occurred on Friday, August 14th. The shares were acquired 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 in the company, valued at $1,092,281.04. The trade was a 25.06% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 1,219,101 shares of company stock valued at $5,560,239 in the last ninety days. 30.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. AWM Investment Company Inc. purchased a new position in Angel Studios in the 2nd quarter worth approximately $1,682,000. AXQ Capital LP purchased a new stake in shares of Angel Studios during the second quarter valued at approximately $100,000. Cetera Investment Advisers boosted its stake in shares of Angel Studios by 124.0% during the first 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 during the period. OneAscent Financial Services LLC bought a new position in shares of Angel Studios in the second quarter worth approximately $41,000. Finally, 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. 38.57% of the stock is owned by 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.