Angel Studios (NYSE:ANGX) Shares Down 3.8% - Should You Sell?

Key Points

• Angel Studios shares fell 3.8% to about $3.40 in unusually light trading, with volume down 92% from its average session level.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $8.75; B. Riley recently raised its target to $9.00 and maintained a Buy rating.
• The company beat its latest quarterly EPS estimate, reporting a $0.13 loss versus expectations of a $0.15 loss, while insiders bought 1.22 million shares worth $5.56 million over the past three months.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report)'s stock price dropped 3.8% on Tuesday. The company traded as low as $3.36 and last traded at $3.3950. 102,259 shares traded hands during trading, a decline of 92% from the average session volume of 1,322,339 shares. The stock had previously closed at $3.53.

Analysts Set New Price Targets

ANGX has been the subject of several research reports. Weiss Ratings upgraded shares of Angel Studios from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 19th. Wall Street Zen upgraded Angel Studios from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, B. Riley Financial upped their price target on Angel Studios from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $8.75.

Angel Studios Trading Down 1.3%

The company has a market capitalization of $650.86 million, a PE ratio of -3.75 and a beta of -0.03. The business has a fifty day moving average of $4.48 and a 200 day moving average of $3.66.

Angel Studios (NYSE:ANGX - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. The firm had revenue of $111.71 million during the quarter. Equities analysts forecast that Angel Studios, Inc. will post -0.37 EPS for the current fiscal year.

Insider Activity at Angel Studios

In other Angel Studios news, insider Jeffrey Harmon acquired 178,700 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $4.08 per share, for a total transaction of $729,096.00. Following the completion of the acquisition, the insider owned 205,024 shares of the company's stock, valued at approximately $836,497.92. This trade represents a 678.85% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Sarowitz acquired 355,998 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average price of $5.28 per share, with a total value of $1,879,669.44. Following the acquisition, the director directly owned 1,240,841 shares of the company's stock, valued at approximately $6,551,640.48. This represents a 40.23% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 1,219,101 shares of company stock valued at $5,560,239. Insiders own 30.10% of the company's stock.

Hedge Funds Weigh In On Angel Studios

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of Angel Studios by 77.0% during the first 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 during the period. Hardin Capital Partners LLC boosted its holdings in Angel Studios by 19.8% in the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company's stock valued at $111,000 after purchasing an additional 5,000 shares during the period. WealthPlan Investment Management LLC purchased a new position in Angel Studios in the third quarter valued at $47,000. OneAscent Financial Services LLC purchased a new position in Angel Studios in the second quarter valued at $41,000. Finally, Whitcomb & Hess Inc. acquired a new position in Angel Studios during the 2nd quarter worth $49,000. Hedge funds and other institutional investors own 38.57% of the company's stock.

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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