Angel Studios (NYSE:ANGX) Insider Buys 51,380 Shares

Key Points

• Insider buying: Jeffrey Harmon purchased 51,380 Angel Studios shares at an average of $4.26, increasing his direct holdings by 25.06% to 256,404 shares. He also bought 178,700 shares the previous day.
• Stock and earnings: ANGX traded at $4.71, well below its 12-month high of $20.39. Angel Studios reported quarterly revenue of $111.71 million and an adjusted loss of $0.13 per share, narrowly beating analyst expectations.
• Analyst outlook: The stock has a consensus “Moderate Buy” rating and an $8.50 price target, although analyst opinions range from Strong Buy to Sell. Institutional investors own 38.57% of the company.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report) insider Jeffrey Harmon bought 51,380 shares of the stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $4.26 per share, with a total value of $218,878.80. Following the completion of the acquisition, the insider directly owned 256,404 shares of the company's stock, valued at approximately $1,092,281.04. The trade was a 25.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jeffrey Harmon also recently made the following trade(s):

• On Thursday, August 13th, Jeffrey Harmon purchased 178,700 shares of Angel Studios stock. The stock was bought at an average cost of $4.08 per share, for a total transaction of $729,096.00.

Angel Studios Price Performance

Shares of NYSE ANGX traded up $0.34 during mid-day trading on Monday, hitting $4.71. The company had a trading volume of 2,614,310 shares, compared to its average volume of 1,206,415. Angel Studios, Inc. has a 12 month low of $2.05 and a 12 month high of $20.39. The stock has a market cap of $879.64 million, a price-to-earnings ratio of -5.06 and a beta of -0.02. The firm's 50 day simple moving average is $3.73 and its two-hundred day simple moving average is $3.38.

Angel Studios (NYSE:ANGX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.02. The company had revenue of $111.71 million for the quarter. Equities analysts forecast that Angel Studios, Inc. will post -0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. B. Riley Financial restated a "buy" rating and set a $8.00 price target (up from $7.00) on shares of Angel Studios in a research report on Tuesday, June 30th. Wall Street Zen raised shares of Angel Studios from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Angel Studios in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.50.

Institutional Trading of Angel Studios

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGX. EverSource Wealth Advisors LLC lifted its stake in shares of Angel Studios by 77.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company's stock worth $27,000 after acquiring an additional 3,793 shares during the period. OneAscent Financial Services LLC acquired a new position in shares of Angel Studios during the second quarter valued at approximately $41,000. Whitcomb & Hess Inc. bought a new stake in Angel Studios during the second quarter worth approximately $49,000. Cetera Investment Advisers raised its holdings in Angel Studios by 124.0% during the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company's stock worth $77,000 after purchasing an additional 13,915 shares in the last quarter. Finally, Hardin Capital Partners LLC lifted its position in Angel Studios by 19.8% in the second 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. 38.57% of the stock is currently owned by 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.

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