Angel Studios (NYSE:ANGX) Director Steven Sarowitz Acquires 355,998 Shares

Angel Studios, Inc. (NYSE:ANGX) Director Steven Sarowitz purchased 355,998 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were acquired 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 trade represents a 40.23% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Angel Studios Stock Up 1.2%

Shares of Angel Studios stock opened at $5.45 on Friday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -5.86 and a beta of -0.02. Angel Studios, Inc. has a twelve month low of $2.05 and a twelve month high of $18.90. The company has a 50-day simple moving average of $4.31 and a two-hundred day simple moving average of $3.53.

Angel Studios (NYSE:ANGX) last announced 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. On average, sell-side analysts anticipate that Angel Studios, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ANGX shares. Weiss Ratings upgraded Angel Studios from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Wall Street Zen upgraded Angel Studios from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, B. Riley Financial reissued a “buy” rating and set a $8.00 target price (up from $7.00) on shares of Angel Studios in a report on Tuesday, June 30th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.50.

Hedge Funds Weigh In On Angel Studios

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 3,793 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in Angel Studios during the second quarter worth $41,000. Whitcomb & Hess Inc. bought a new stake in Angel Studios during the second quarter worth $49,000. Cetera Investment Advisers lifted its stake in Angel Studios by 124.0% during the first 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 acquired a new stake in shares of Angel Studios in the 2nd quarter valued at $100,000. 38.57% of the stock is currently owned by institutional investors and hedge funds.

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.