Insider Buying: Angel Studios (NYSE:ANGX) Director Purchases 246,153 Shares of Stock

Key Points

• Angel Studios director Steven Sarowitz bought 246,153 shares at an average price of $3.71, investing approximately $913,228 and increasing his direct stake by 74.71% to 575,641 shares.
• ANGX shares recently traded at $4.36, with the company valued at about $811.8 million. Angel Studios reported quarterly revenue of $111.71 million and an adjusted loss of $0.13 per share, beating analyst estimates.
• Analyst sentiment is mixed but leans positive: the stock carries a “Moderate Buy” consensus rating and an average price target of $8.50, while institutional investors and hedge funds own 38.57% of the company.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report) Director Steven Sarowitz bought 246,153 shares of the stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $3.71 per share, for a total transaction of $913,227.63. Following the acquisition, the director directly owned 575,641 shares of the company's stock, valued at $2,135,628.11. The trade was a 74.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Angel Studios Trading Up 0.8%

Shares of NYSE:ANGX traded up $0.04 during midday trading on Friday, hitting $4.36. 1,649,818 shares of the stock were exchanged, compared to its average volume of 1,196,881. The stock has a market cap of $811.82 million, a P/E ratio of -4.68 and a beta of -0.02. Angel Studios, Inc. has a twelve month low of $2.05 and a twelve month high of $20.39. The company has a 50 day moving average price of $3.70 and a 200-day moving average price of $3.37.

Angel Studios (NYSE:ANGX - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The business had revenue of $111.71 million during the quarter. On average, equities research analysts expect that Angel Studios, Inc. will post -0.37 earnings per share for the current year.

Institutional Trading of Angel Studios

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in Angel Studios in the 1st quarter worth approximately $273,000. Lazard Asset Management LLC acquired a new position in shares of Angel Studios in the 1st quarter valued at $174,000. Cetera Investment Advisers grew its stake in shares of Angel Studios by 124.0% during the 1st 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. Whitcomb & Hess Inc. acquired a new stake in Angel Studios during the second quarter worth about $49,000. Finally, OneAscent Financial Services LLC purchased a new stake in shares of Angel Studios during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 38.57% of the company's stock.

Analysts Set New Price Targets

ANGX has been the subject of a number of recent research reports. Wall Street Zen raised shares of Angel Studios from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. B. Riley Financial reaffirmed a "buy" rating and issued a $8.00 target price (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Angel Studios in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Angel Studios has an average rating of "Moderate Buy" and an average target price of $8.50.

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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