Steven Sarowitz Buys 355,998 Shares of Angel Studios (NYSE:ANGX) Stock

Key Points

• Director Steven Sarowitz purchased 355,998 Angel Studios shares at an average price of $5.28, spending approximately $1.88 million and increasing his stake by 40.23% to 1.24 million shares.
• ANGX shares rose 1.2% to $5.45, while the company reported quarterly revenue of $111.71 million and an adjusted loss of $0.13 per share, beating analysts’ loss estimate of $0.15.
• Analysts maintain a consensus “Moderate Buy” rating with an $8.50 price target; institutional investors own 38.57% of Angel Studios, including several firms that recently initiated or increased positions.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report) Director Steven Sarowitz purchased 355,998 shares of Angel Studios stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of $5.28 per share, for a total transaction of $1,879,669.44. Following the completion of the acquisition, the director owned 1,240,841 shares of the company's stock, valued at approximately $6,551,640.48. This trade represents a 40.23% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Angel Studios Trading Up 1.2%

Shares of ANGX stock traded up $0.07 on Friday, reaching $5.45. 2,324,667 shares of the company's stock were exchanged, compared to its average volume of 1,234,175. The company's fifty day simple moving average is $4.28 and its 200 day simple moving average is $3.52. Angel Studios, Inc. has a 52 week low of $2.05 and a 52 week high of $18.90. The stock has a market capitalization of $1.02 billion, a PE ratio of -5.86 and a beta of -0.02.

Angel Studios (NYSE:ANGX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. The business had revenue of $111.71 million during the quarter. As a group, sell-side analysts predict that Angel Studios, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. B. Riley Financial reissued a "buy" rating and issued a $8.00 price objective (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 report on Saturday, August 8th. Finally, Weiss Ratings raised Angel Studios from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $8.50.

Institutional Investors Weigh In On Angel Studios

Several large investors have recently modified their holdings of the business. AWM Investment Company Inc. bought a new position in shares of Angel Studios during the second quarter valued at approximately $1,682,000. Renaissance Technologies LLC bought a new position in Angel Studios in the first quarter worth approximately $273,000. Lazard Asset Management LLC purchased a new stake in Angel Studios during the first quarter worth $174,000. Hardin Capital Partners LLC lifted its holdings 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 buying an additional 5,000 shares during the period. Finally, AXQ Capital LP bought a new stake in Angel Studios during the 2nd quarter valued at $100,000. 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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