Angel Studios (NYSE:ANGX) Trading 6.8% Higher Following Analyst Upgrade

Angel Studios, Inc. (NYSE:ANGX) was up 6.8% 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. 253,428 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,261,829 shares. The stock had previously closed at $4.90.

Other analysts have also issued reports about the company. 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 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, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Angel Studios has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Insider Transactions at Angel Studios

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

Institutional Investors Weigh In On Angel Studios

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Angel Studios by 77.0% in 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 during the last quarter. Hardin Capital Partners LLC grew its position in Angel Studios by 19.8% during the second quarter. Hardin Capital Partners LLC now owns 30,216 shares of the company’s stock valued at $111,000 after acquiring an additional 5,000 shares during the last quarter. OneAscent Financial Services LLC bought a new position in shares of Angel Studios during the 2nd quarter valued at $41,000. Whitcomb & Hess Inc. purchased a new position in shares of Angel Studios in the second quarter worth about $49,000. Finally, Cetera Investment Advisers lifted its position 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 during the last quarter. Institutional investors own 38.57% of the company’s stock.

Angel Studios Trading Up 6.6%

The firm has a market cap of $975.61 million, a P/E ratio of -5.62 and a beta of -0.02. The business’s fifty day simple moving average is $4.43 and its 200-day simple moving average is $3.57.

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

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.