Angel Studios (NYSE:ANGX) Trading 5.4% Higher – Should You Buy?

Angel Studios, Inc. (NYSE:ANGX)’s share price shot up 5.4% during mid-day trading on Tuesday . The stock traded as high as $3.72 and last traded at $3.72. Approximately 299,206 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 1,140,791 shares. The stock had previously closed at $3.53.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wall Street Zen upgraded shares of Angel Studios from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Angel Studios in a research report on Wednesday, June 24th. Finally, B. Riley Financial reaffirmed a “buy” rating and set a $8.00 price target (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

Angel Studios Trading Up 5.8%

The business’s fifty day moving average is $2.96 and its 200 day moving average is $3.47. The firm has a market capitalization of $696.05 million, a P/E ratio of -4.97 and a beta of -0.01.

Angel Studios (NYSE:ANGX) last issued its earnings results on Thursday, April 30th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $115.11 million for the quarter. As a group, sell-side analysts predict that Angel Studios, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Activity at Angel Studios

In related news, Director Steven I. Sarowitz acquired 321,544 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average price of $3.06 per share, for a total transaction of $983,924.64. Following the transaction, the director owned 326,840 shares of the company’s stock, valued at approximately $1,000,130.40. The trade was a 6,071.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 30.10% of the company’s stock.

Institutional Investors Weigh In On Angel Studios

Several hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in shares of Angel Studios by 124.0% in 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 during the period. Renaissance Technologies LLC acquired a new stake in Angel Studios during the 1st quarter worth about $273,000. Lazard Asset Management LLC purchased a new stake in Angel Studios during the first quarter valued at about $174,000. Finally, EverSource Wealth Advisors LLC lifted 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 valued at $27,000 after buying an additional 3,793 shares in the last quarter. 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.