Insider Buying: Angel Studios (NYSE:ANGX) Director Acquires $472,488.51 in Stock

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz acquired 88,647 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was acquired at an average price of $5.33 per share, for a total transaction of $472,488.51. Following the acquisition, the director owned 1,329,488 shares in the company, valued at approximately $7,086,171.04. The trade was a 7.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Angel Studios Price Performance

Shares of NYSE ANGX traded down $0.01 during midday trading on Monday, hitting $5.45. 2,338,500 shares of the company’s stock were exchanged, compared to its average volume of 1,240,692. The firm’s fifty day simple moving average is $4.31 and its 200-day simple moving average is $3.53. The company has a market cap of $1.02 billion, a PE ratio of -5.85 and a beta of -0.02. Angel Studios, Inc. has a twelve month low of $2.05 and a twelve month high of $18.90.

Angel Studios (NYSE:ANGX) last announced its quarterly 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 business had revenue of $111.71 million during the quarter. Equities analysts anticipate that Angel Studios, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Angel Studios

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AWM Investment Company Inc. purchased a new position in shares of Angel Studios during the second quarter worth approximately $1,682,000. Renaissance Technologies LLC purchased a new stake in Angel Studios in the 1st quarter valued at $273,000. Lazard Asset Management LLC purchased a new stake in Angel Studios in the 1st quarter valued at $174,000. Hardin Capital Partners LLC boosted its stake in Angel Studios by 19.8% during the 2nd quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company’s stock worth $111,000 after purchasing an additional 5,000 shares during the period. Finally, AXQ Capital LP acquired a new stake in Angel Studios during the 2nd quarter worth $100,000. Hedge funds and other institutional investors own 38.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ANGX. B. Riley Financial reaffirmed a “buy” rating and issued a $8.00 target price (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 report on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of Angel Studios from a “sell” rating to a “hold” rating in a research note 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.