Angel Studios (NYSE:ANGX) Sees Large Volume Increase After Insider Buying Activity

Key Points

• Angel Studios shares rose 12.2% to $5.285 amid elevated trading volume, with 809,700 shares changing hands.
• Insiders made several purchases: Steven I. Sarowitz bought 57,922 shares, while Jeffrey Harmon bought 51,380 shares and previously acquired another 178,700 shares.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and an $8.50 price target; the company also beat quarterly EPS expectations while reporting $111.71 million in revenue.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report) shares saw unusually-high trading volume on Tuesday following insider buying activity. 809,700 shares were traded during trading, a decline of 33% from the previous session's volume of 1,199,903 shares.The stock last traded at $5.2850 and had previously closed at $4.71.

Specifically, Director Steven I. Sarowitz bought 57,922 shares of the business's stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $4.26 per share, with a total value of $246,747.72. Following the transaction, the director directly owned 741,225 shares in the company, valued at approximately $3,157,618.50. This trade represents a 8.48% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey Harmon purchased 51,380 shares of the firm's 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 transaction, the insider directly owned 256,404 shares of the company's stock, valued at approximately $1,092,281.04. This represents a 25.06% increase in their position. The SEC filing for this purchase provides additional information. In related news, insider Jeffrey Harmon purchased 178,700 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $4.08 per share, for a total transaction of $729,096.00. Following the completion of the purchase, the insider owned 205,024 shares in the company, valued at approximately $836,497.92. This represents a 678.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

ANGX has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Angel Studios in a report on Wednesday, June 24th. B. Riley Financial reissued a "buy" rating and set a $8.00 price objective (up from $7.00) on shares of Angel Studios in a report on Tuesday, June 30th. Finally, Wall Street Zen raised shares of Angel Studios from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. One 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 company. According to MarketBeat.com, Angel Studios currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.50.

Angel Studios Trading Up 12.2%

The company has a market cap of $986.65 million, a price-to-earnings ratio of -5.68 and a beta of -0.02. The firm has a 50-day moving average price of $3.77 and a 200 day moving average price of $3.38.

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

Institutional Trading of Angel Studios

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Angel Studios by 77.0% during the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company's stock worth $27,000 after purchasing an additional 3,793 shares during the period. OneAscent Financial Services LLC bought a new stake in shares of Angel Studios during the 2nd quarter valued at about $41,000. Whitcomb & Hess Inc. acquired a new stake in Angel Studios during the second quarter worth about $49,000. Cetera Investment Advisers raised its stake 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 acquiring an additional 13,915 shares during the period. Finally, Hardin Capital Partners LLC raised its stake in Angel Studios by 19.8% during the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company's stock worth $111,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 38.57% of the company's stock.

Angel Studios Company Profile

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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