Insider Buying: Angel Studios (NYSE:ANGX) Director Purchases $913,227.63 in Stock

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz acquired 246,153 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of $3.71 per share, for a total transaction of $913,227.63. Following the acquisition, the director directly owned 575,641 shares in the company, valued at $2,135,628.11. This represents a 74.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Angel Studios Stock Down 0.3%

Angel Studios stock opened at $4.36 on Monday. The company has a fifty day simple moving average of $3.73 and a 200-day simple moving average of $3.38. The firm has a market capitalization of $813.34 million, a price-to-earnings ratio of -4.68 and a beta of -0.02. Angel Studios, Inc. has a 52-week low of $2.05 and a 52-week high of $20.39.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. B. Riley Financial reissued a “buy” rating and issued a $8.00 target price (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. Wall Street Zen raised Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Angel Studios in a report on Wednesday, June 24th. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

Hedge Funds Weigh In On Angel Studios

A number of institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Angel Studios by 77.0% during the 1st 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. Hardin Capital Partners LLC lifted its holdings in Angel Studios by 19.8% in the second 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 during the last quarter. OneAscent Financial Services LLC acquired a new position in Angel Studios in the second quarter valued at approximately $41,000. Whitcomb & Hess Inc. purchased a new position in Angel Studios in the second quarter worth approximately $49,000. Finally, Cetera Investment Advisers grew its position in Angel Studios by 124.0% in the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock worth $77,000 after acquiring an additional 13,915 shares during the period. 38.57% of the stock is owned by hedge funds and other institutional investors.

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.