Angel Studios (NYSE:ANGX) Shares Gap Up Following Insider Buying Activity

Key Points

• Angel Studios shares opened higher after director Steven I. Sarowitz disclosed two purchases totaling 353,815 shares for approximately $1.36 million, substantially increasing his stake.
• Analyst sentiment is mixed but leans positive: the stock has a consensus “Moderate Buy” rating and an $8.50 price target, while individual ratings range from Sell to Strong Buy.
• The company reported quarterly revenue of $111.71 million and an adjusted loss of $0.13 per share, beating the consensus loss estimate of $0.15; institutional investors own 38.57% of the shares.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report) shares gapped up prior to trading on Monday following insider buying activity. The stock had previously closed at $4.37, but opened at $4.60. Angel Studios shares last traded at $4.7050, with a volume of 569,690 shares traded.

Specifically, Director Steven I. Sarowitz purchased 107,662 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $4.12 per share, with a total value of $443,567.44. Following the completion of the acquisition, the director owned 683,303 shares in the company, valued at $2,815,208.36. This trade represents a 18.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven I. Sarowitz acquired 246,153 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $3.71 per share, with a total value of $913,227.63. Following the purchase, the director directly owned 575,641 shares in the company, valued at $2,135,628.11. This represents a 74.71% increase in their position. The disclosure for this purchase is available in the SEC filing.

Analysts Set New Price Targets

ANGX has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of Angel Studios in a report on Wednesday, June 24th. Wall Street Zen raised Angel Studios from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, B. Riley Financial restated a "buy" rating and issued a $8.00 price target (up from $7.00) on shares of Angel Studios in a research report on Tuesday, June 30th. One research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $8.50.

Angel Studios Price Performance

The business has a 50-day simple moving average of $3.73 and a 200-day simple moving average of $3.38. The firm has a market capitalization of $871.24 million, a PE ratio of -5.02 and a beta of -0.02.

Angel Studios (NYSE:ANGX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $111.71 million during the quarter. On average, research analysts expect that Angel Studios, Inc. will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ANGX. Cetera Investment Advisers boosted its position in shares of Angel Studios by 124.0% during the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company's stock valued at $77,000 after buying an additional 13,915 shares during the period. Renaissance Technologies LLC purchased a new position in Angel Studios during the 1st quarter worth $273,000. Lazard Asset Management LLC bought a new position in Angel Studios during the 1st quarter worth about $174,000. EverSource Wealth Advisors LLC raised its stake in Angel Studios by 77.0% in the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company's stock worth $27,000 after buying an additional 3,793 shares in the last quarter. Finally, Hardin Capital Partners LLC grew its stake in Angel Studios by 19.8% in the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company's stock valued at $111,000 after purchasing an additional 5,000 shares during the last quarter. 38.57% of the stock is owned by hedge funds and other institutional investors.

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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