Angel Studios (NYSE:ANGX) Sees Strong Trading Volume After Earnings Beat

Key Points

• Angel Studios beat quarterly earnings expectations: It reported a loss of $0.03 per share versus analysts’ expected $0.07 loss, while revenue reached $159 million, up 107.8% year over year and above estimates.
• Shares rose on heavy trading: The stock traded at $4.234 after a prior close of $3.74, with mid-day volume 31% above its daily average.
• Analyst sentiment and insider buying were supportive: ANGX had a “Moderate Buy” consensus rating and an average price target of $8.20; insiders bought nearly 973,000 shares worth about $4.65 million over the previous quarter.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report) shares saw strong trading volume on Wednesday following a better than expected earnings announcement. 1,765,022 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 1,342,418 shares. The stock last traded at $4.2340 and had previously closed at $3.74.

The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. The firm had revenue of $159.02 million for the quarter.

Key Headlines Impacting Angel Studios

These are some of the ANGX headlines that stood out recently:

• Positive Sentiment: Third-quarter revenue reached $159.0 million, up 107.8% year over year and above the $143.2 million analyst estimate. Gross profit was $100 million, pointing to stronger scale. Quiver Quant earnings report
• Positive Sentiment: The company reported a quarterly loss of $0.03 per share, which beat the consensus estimate of a $0.07 loss cited by MarketBeat. Another earnings report described the loss as $0.07 per share, in line with its estimate, highlighting differences in the reported figures. MarketBeat earnings report
• Positive Sentiment: Lake Street Capital reaffirmed its Buy rating and $6 price target on November 9, offering a supportive analyst view ahead of the earnings release. Lake Street Capital rating

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ANGX shares. Weiss Ratings raised Angel Studios from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 19th. Wall Street Zen raised Angel Studios from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, B. Riley Financial boosted their price target on Angel Studios from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Angel Studios currently has a consensus rating of "Moderate Buy" and an average price target of $8.20.

Insider Transactions at Angel Studios

In other news, Director Steven I. Sarowitz purchased 88,647 shares of the business's stock in a transaction on Friday, September 11th. The stock was acquired at an average price of $5.33 per share, for a total transaction of $472,488.51. Following the acquisition, the director directly owned 1,329,488 shares of the company's stock, valued at $7,086,171.04. This represents a 7.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Harmon acquired 51,380 shares of Angel Studios stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $4.26 per share, for a total transaction of $218,878.80. Following the purchase, the insider owned 256,404 shares in the company, valued at approximately $1,092,281.04. The trade was a 25.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 972,948 shares of company stock worth $4,647,011 over the last quarter. 30.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in Angel Studios by 77.0% during the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company's stock valued at $27,000 after purchasing an additional 3,793 shares during the last quarter. OneAscent Financial Services LLC bought a new position in shares of Angel Studios in the 2nd quarter valued at about $41,000. WealthPlan Investment Management LLC bought a new position in shares of Angel Studios in the 3rd quarter valued at about $47,000. Whitcomb & Hess Inc. purchased a new position in Angel Studios in the second quarter worth about $49,000. Finally, Cetera Investment Advisers increased its stake in Angel Studios by 124.0% during the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company's stock worth $77,000 after acquiring an additional 13,915 shares during the last quarter. 38.57% of the stock is owned by hedge funds and other institutional investors.

Angel Studios Stock Up 10.0%

The company has a 50 day simple moving average of $4.22 and a two-hundred day simple moving average of $3.66. The company has a market capitalization of $768.52 million, a P/E ratio of -4.57 and a beta of 0.02.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.