Angel Studios (NYSE:ANGX) Shares Down 4.8% - Here's Why

Key Points

• Angel Studios shares fell 4.8% to about $5.05 in Thursday trading, with volume down 86% from the stock’s average daily volume.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $8.50; B. Riley raised its target to $8.00 while maintaining a Buy rating.
• The company reported quarterly revenue of $111.71 million and an adjusted loss of $0.13 per share, beating the expected $0.15 loss. Insider purchases have totaled 1.22 million shares worth $5.56 million over the past three months, while insiders own 30.1% of the company.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report)'s share price traded down 4.8% on Thursday . The stock traded as low as $5.08 and last traded at $5.0460. 170,459 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,248,266 shares. The stock had previously closed at $5.30.

Wall Street Analysts Forecast Growth

Several research firms have commented on ANGX. Wall Street Zen raised Angel Studios from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. B. Riley Financial restated a "buy" rating and set a $8.00 target price (up from $7.00) on shares of Angel Studios in a research report on Tuesday, June 30th. Finally, Weiss Ratings raised shares of Angel Studios from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 19th. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $8.50.

Angel Studios Stock Performance

The company's fifty day simple moving average is $4.41 and its two-hundred day simple moving average is $3.57. The stock has a market capitalization of $910.46 million, a PE ratio of -5.28 and a beta of -0.02.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. AWM Investment Company Inc. purchased a new stake in Angel Studios during the second quarter valued at about $1,682,000. Renaissance Technologies LLC acquired a new position in shares of Angel Studios in the 1st quarter valued at about $273,000. Lazard Asset Management LLC acquired a new position in shares of Angel Studios in the 1st quarter valued at about $174,000. Hardin Capital Partners LLC grew its holdings in shares of Angel Studios by 19.8% during 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 period. Finally, AXQ Capital LP acquired a new stake in Angel Studios during the 2nd quarter worth approximately $100,000. 38.57% of the stock is owned by hedge funds and other institutional investors.

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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