Angel Studios (NYSE:ANGX) Director Purchases 132,639 Shares of Stock

Key Points

• Director Steven Sarowitz purchased 132,639 Angel Studios shares at an average price of $4.95, investing approximately $656,563 and increasing his direct ownership by 17.63% to 884,843 shares.
• Angel Studios shares recently traded at $5.45, well above their 12-month low of $2.05 but below the high of $18.90. The company reported quarterly revenue of $111.71 million and an adjusted loss of $0.13 per share, beating estimates.
• Analysts maintain a consensus “Moderate Buy” rating with an $8.50 target price, while institutional investors and hedge funds own 38.57% of the company.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report) Director Steven Sarowitz bought 132,639 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of $4.95 per share, for a total transaction of $656,563.05. Following the purchase, the director directly owned 884,843 shares in the company, valued at $4,379,972.85. This represents a 17.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Angel Studios Stock Performance

Shares of NYSE:ANGX traded up $0.07 on Friday, hitting $5.45. The company's stock had a trading volume of 2,324,667 shares, compared to its average volume of 1,234,175. Angel Studios, Inc. has a 12 month low of $2.05 and a 12 month high of $18.90. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -5.86 and a beta of -0.02. The stock's 50-day moving average is $4.28 and its two-hundred day moving average is $3.52.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on ANGX shares. Wall Street Zen upgraded shares of Angel Studios from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Angel Studios from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 19th. Finally, B. Riley Financial reiterated a "buy" rating and set a $8.00 price objective (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.50.

Institutional Investors Weigh In On Angel Studios

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AWM Investment Company Inc. acquired a new position in shares of Angel Studios in the 2nd quarter worth approximately $1,682,000. Renaissance Technologies LLC acquired a new stake in Angel Studios during the first quarter valued at approximately $273,000. Lazard Asset Management LLC acquired a new stake in Angel Studios during the first quarter valued at approximately $174,000. AXQ Capital LP bought a new stake in Angel Studios during the second quarter worth approximately $100,000. Finally, Cetera Investment Advisers grew its position in Angel Studios by 124.0% in the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company's stock worth $77,000 after buying an additional 13,915 shares during the last quarter. 38.57% of the stock is owned by institutional investors and hedge funds.

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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