Angel Studios (NYSE:ANGX) Trading Up 6.8% After Analyst Upgrade

Key Points

• Angel Studios shares rose 6.8% after B. Riley Financial increased its price target from $8 to $9 and maintained a buy rating. The stock’s consensus rating is “Moderate Buy,” with an average target of $8.75.
• Insider buying has been substantial: insiders acquired 1.22 million shares worth approximately $5.6 million over the past 90 days, while insiders collectively own 30.1% of the company.
• Angel Studios reported quarterly revenue of $111.71 million and an adjusted loss of $0.13 per share, beating analysts’ expected loss of $0.15; analysts project a full-year loss of $0.37 per share.

Shares of Angel Studios, Inc. (NYSE:ANGX - Get Free Report) rose 6.8% during trading on Friday after B. Riley Financial raised their price target on the stock from $8.00 to $9.00. B. Riley Financial currently has a buy rating on the stock. Angel Studios traded as high as $5.12 and last traded at $5.2350. Approximately 253,428 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 1,261,829 shares. The stock had previously closed at $4.90.

Several other equities analysts have also weighed in on ANGX. Wall Street Zen upgraded shares of 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 report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Angel Studios has an average rating of "Moderate Buy" and a consensus target price of $8.75.

Insider Activity at Angel Studios

In other news, Director Steven I. Sarowitz purchased 355,998 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $5.28 per share, for a total transaction of $1,879,669.44. Following the transaction, the director owned 1,240,841 shares of the company's stock, valued at approximately $6,551,640.48. This trade represents a 40.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Harmon acquired 178,700 shares of Angel Studios stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $4.08 per share, for a total transaction of $729,096.00. Following the completion of the purchase, the insider owned 205,024 shares in the company, valued at approximately $836,497.92. The trade was a 678.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 1,219,101 shares of company stock valued at $5,560,239. Corporate insiders own 30.10% of the company's stock.

Institutional Investors Weigh In On Angel Studios

Several institutional investors and hedge funds have recently made changes to their positions in ANGX. AWM Investment Company Inc. bought a new position in shares of Angel Studios during the 2nd quarter worth approximately $1,682,000. AXQ Capital LP acquired a new stake in Angel Studios in the second quarter worth $100,000. Cetera Investment Advisers increased its stake in Angel Studios by 124.0% in the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company's stock valued at $77,000 after purchasing an additional 13,915 shares in the last quarter. OneAscent Financial Services LLC bought a new position in shares of Angel Studios during the 2nd quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Angel Studios by 77.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company's stock valued at $27,000 after buying an additional 3,793 shares during the period. Institutional investors own 38.57% of the company's stock.

Angel Studios Trading Up 6.6%

The business has a 50-day moving average of $4.43 and a 200 day moving average of $3.57. The firm has a market capitalization of $975.61 million, a P/E ratio of -5.62 and a beta of -0.02.

Angel Studios (NYSE:ANGX - Get Free Report) last issued 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 firm had revenue of $111.71 million during the quarter. As a group, research analysts forecast that Angel Studios, Inc. will post -0.37 EPS for the current year.

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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