Angel Studios (NYSE:ANGX) Stock Price Down 4.8% – Here’s Why

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Angel Studios from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Angel Studios from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. B. Riley Financial boosted their price objective on Angel Studios from $8.00 to $9.00 and gave the company a “buy” rating in a report on Friday. Finally, B Riley restated a “buy” rating on shares of Angel Studios in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.75.

Angel Studios Stock Performance

The firm’s 50 day moving average is $4.46 and its 200-day moving average is $3.59. The stock has a market capitalization of $979.74 million, a price-to-earnings ratio of -5.64 and a beta of -0.02.

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

Insider Buying and Selling

In other Angel Studios news, insider Jeffrey Harmon bought 51,380 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $4.26 per share, for a total transaction of $218,878.80. Following the transaction, the insider directly owned 256,404 shares of the company’s stock, valued at approximately $1,092,281.04. This represents a 25.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven I. Sarowitz purchased 88,647 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average cost of $5.33 per share, for a total transaction of $472,488.51. Following the purchase, the director directly owned 1,329,488 shares in the company, valued at $7,086,171.04. This trade represents a 7.14% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 1,219,101 shares of company stock valued at $5,560,239 over the last 90 days. Company insiders own 30.10% of the company’s stock.

Hedge Funds Weigh In On Angel Studios

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. acquired a new position in shares of Angel Studios during the 2nd quarter worth about $1,682,000. AXQ Capital LP acquired a new stake in Angel Studios in the 2nd quarter worth about $100,000. Cetera Investment Advisers boosted its holdings in Angel Studios by 124.0% in the 1st quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock worth $77,000 after buying an additional 13,915 shares during the last quarter. OneAscent Financial Services LLC purchased a new stake in Angel Studios during the 2nd quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC increased its stake 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 buying an additional 3,793 shares in the last quarter. 38.57% of the stock is owned by hedge funds and other institutional investors.

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.