Steven Sarowitz Buys 246,153 Shares of Angel Studios (NYSE:ANGX) Stock

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz purchased 246,153 shares of the stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $3.71 per share, with a total value of $913,227.63. Following the completion of the acquisition, the director directly owned 575,641 shares of the company’s stock, valued at approximately $2,135,628.11. This represents a 74.71% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Angel Studios Stock Performance

Shares of ANGX opened at $4.36 on Friday. Angel Studios, Inc. has a 52 week low of $2.05 and a 52 week high of $20.39. The stock has a market capitalization of $813.34 million, a price-to-earnings ratio of -4.68 and a beta of -0.02. The stock has a fifty day moving average of $3.73 and a 200-day moving average of $3.38.

Angel Studios (NYSE:ANGX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The firm had revenue of $111.71 million for the quarter. As a group, equities analysts forecast that Angel Studios, Inc. will post -0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. B. Riley Financial reaffirmed a “buy” rating and issued a $8.00 price objective (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. Weiss Ratings reissued a “sell (e+)” rating on shares of Angel Studios in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Angel Studios from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $8.50.

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. acquired a new position in shares of Angel Studios in the second quarter worth approximately $1,682,000. Cetera Investment Advisers boosted its holdings 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 acquiring an additional 13,915 shares during the last quarter. OneAscent Financial Services LLC acquired a new stake in Angel Studios during the 2nd quarter valued at approximately $41,000. EverSource Wealth Advisors LLC raised its holdings in Angel Studios by 77.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock worth $27,000 after purchasing an additional 3,793 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Angel Studios in the 1st quarter worth approximately $174,000. Institutional investors and hedge funds own 38.57% of the company’s stock.

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.