Angel Studios (NYSE:ANGX) Stock Falls 6.1% - Time to Sell?

Key Points

• Angel Studios shares fell 6.1% to about $4.38 in mid-day trading, with volume down 76% from the average. The stock remains unprofitable, with a price-to-earnings ratio of -4.74.
• Analyst sentiment is broadly positive: ANGX has a consensus rating of “Moderate Buy” and an average price target of $8.75, including B. Riley’s upgraded $9.00 target.
• The company beat quarterly EPS expectations, reporting a loss of $0.13 versus the expected $0.15 loss, while insiders purchased 1.22 million shares worth $5.56 million over the past 90 days.

Angel Studios, Inc. (NYSE:ANGX - Get Free Report)'s share price fell 6.1% during mid-day trading on Thursday. The company traded as low as $4.35 and last traded at $4.3840. 307,574 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,302,037 shares. The stock had previously closed at $4.67.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen upgraded Angel Studios from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Angel Studios from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 19th. Finally, B. Riley Financial raised their price target on shares of Angel Studios from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Friday, September 18th. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $8.75.

Angel Studios Price Performance

The stock has a 50 day moving average price of $4.56 and a 200-day moving average price of $3.61. The stock has a market capitalization of $821.18 million, a price-to-earnings ratio of -4.74 and a beta of -0.02.

Angel Studios (NYSE:ANGX - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.02. The business had revenue of $111.71 million for the quarter. As a group, research analysts forecast that Angel Studios, Inc. will post -0.37 earnings per share for the current year.

Insider Activity at Angel Studios

In related news, Director Steven Sarowitz purchased 355,998 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $5.28 per share, with a total value of $1,879,669.44. Following the completion of the acquisition, the director owned 1,240,841 shares in the company, valued at $6,551,640.48. This trade represents a 40.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey Harmon acquired 178,700 shares of the stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $4.08 per share, for a total transaction of $729,096.00. Following the purchase, the insider directly owned 205,024 shares of the company's stock, valued at $836,497.92. The trade was a 678.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 1,219,101 shares of company stock worth $5,560,239. Insiders own 30.10% of the company's stock.

Institutional Trading of Angel Studios

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGX. EverSource Wealth Advisors LLC lifted its holdings in Angel Studios by 77.0% in the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company's stock valued at $27,000 after acquiring an additional 3,793 shares during the last quarter. OneAscent Financial Services LLC acquired a new position in shares of Angel Studios in the 2nd quarter valued at $41,000. Whitcomb & Hess Inc. purchased a new position in shares of Angel Studios during the 2nd quarter worth $49,000. Cetera Investment Advisers increased its position in shares of Angel Studios by 124.0% during 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, AXQ Capital LP purchased a new stake in Angel Studios in the 2nd quarter valued at about $100,000. Institutional investors and hedge funds 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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