Angel Studios (NYSE:ANGX) Stock Price Down 3.8% – Here’s Why

Shares of Angel Studios, Inc. (NYSE:ANGX) dropped 3.8% on Tuesday. The company traded as low as $3.36 and last traded at $3.3950. 102,259 shares were traded during mid-day trading, a decline of 92% from the average session volume of 1,322,339 shares. The stock had previously closed at $3.53.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ANGX. Wall Street Zen upgraded shares of Angel Studios from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. B. Riley Financial upped their price objective on shares of Angel Studios from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given 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 $8.75.

Angel Studios Trading Up 0.7%

The company has a market cap of $650.84 million, a P/E ratio of -3.75 and a beta of -0.03. The stock’s 50 day moving average is $4.47 and its 200-day moving average is $3.67.

Angel Studios (NYSE:ANGX) last issued its earnings results on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. The business had revenue of $111.71 million for the quarter. As a group, sell-side analysts forecast that Angel Studios, Inc. will post -0.37 EPS for the current year.

Insider Buying and Selling at Angel Studios

In other Angel Studios news, Director Steven I. Sarowitz acquired 88,647 shares of the stock in a transaction dated Friday, September 11th. The shares were acquired at an average cost of $5.33 per share, for a total transaction of $472,488.51. Following the completion of the transaction, the director directly owned 1,329,488 shares of the company’s stock, valued at approximately $7,086,171.04. The trade was a 7.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey Harmon bought 51,380 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of $4.26 per share, with a total value of $218,878.80. Following the transaction, the insider directly owned 256,404 shares of the company’s stock, valued at $1,092,281.04. This represents a 25.06% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 1,219,101 shares of company stock valued at $5,560,239 over the last 90 days. 30.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Angel Studios

Several institutional investors and hedge funds have recently modified their holdings of ANGX. WealthPlan Investment Management LLC purchased a new position in Angel Studios during the third quarter valued at $47,000. Mirador Capital Partners LP purchased a new stake in Angel Studios in the 3rd quarter worth $83,000. CX Institutional purchased a new stake in Angel Studios in the 3rd quarter worth $172,000. AXQ Capital LP purchased a new stake in Angel Studios in the 2nd quarter worth $100,000. Finally, AWM Investment Company Inc. bought a new position in shares of Angel Studios during the 2nd quarter valued at about $1,682,000. Institutional investors own 38.57% of the company’s stock.

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.