Jeffrey Harmon Purchases 178,700 Shares of Angel Studios (NYSE:ANGX) Stock

Key Points

• Angel Studios insider Jeffrey Harmon purchased 178,700 shares at an average price of $4.08, investing approximately $729,096 and increasing his direct ownership by 678.85%. He also bought an additional 51,380 shares the following day.
• Angel Studios shares recently traded at $4.71, up $0.34, with a market capitalization of approximately $879.6 million. The company’s latest quarterly results showed a smaller-than-expected loss of $0.13 per share and revenue of $111.71 million.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and an $8.50 price target; institutional investors own approximately 38.57% of the stock.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report) insider Jeffrey Harmon bought 178,700 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $4.08 per share, with a total value of $729,096.00. Following the purchase, the insider directly owned 205,024 shares in the company, valued at approximately $836,497.92. This trade represents a 678.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jeffrey Harmon also recently made the following trade(s):

• On Friday, August 14th, Jeffrey Harmon purchased 51,380 shares of Angel Studios stock. The shares were bought at an average price of $4.26 per share, for a total transaction of $218,878.80.

Angel Studios Stock Performance

Shares of NYSE ANGX traded up $0.34 during mid-day trading on Monday, reaching $4.71. The company had a trading volume of 2,614,310 shares, compared to its average volume of 1,206,415. Angel Studios, Inc. has a twelve month low of $2.05 and a twelve month high of $20.39. The stock has a market capitalization of $879.64 million, a PE ratio of -5.06 and a beta of -0.02. The stock's 50 day moving average is $3.73 and its 200-day moving average is $3.38.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. B. Riley Financial reiterated a "buy" rating and set a $8.00 price target (up from $7.00) on shares of Angel Studios in a report on Tuesday, June 30th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Angel Studios in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Angel Studios from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. One equities research 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 given a Sell rating to the company. According to MarketBeat, Angel Studios currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.50.

Hedge Funds Weigh In On Angel Studios

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Angel Studios by 77.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company's stock worth $27,000 after acquiring an additional 3,793 shares in the last quarter. OneAscent Financial Services LLC bought a new position in shares of Angel Studios in the 2nd quarter valued at approximately $41,000. Whitcomb & Hess Inc. bought a new position in shares of Angel Studios in the 2nd quarter valued at approximately $49,000. Cetera Investment Advisers lifted its holdings in Angel Studios by 124.0% in the 1st quarter. Cetera Investment Advisers now owns 25,135 shares of the company's stock worth $77,000 after purchasing an additional 13,915 shares during the last quarter. Finally, Hardin Capital Partners LLC lifted its holdings in Angel Studios by 19.8% in the 2nd quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company's stock worth $111,000 after purchasing an additional 5,000 shares during the last quarter. 38.57% of the stock is currently owned by 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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